Candriam S.C.A. boosted its position in Alibaba Group Holding Limited (NYSE:BABA – Free Report) by 104.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 564,818 shares of the specialty retailer’s stock after buying an additional 288,738 shares during the period. Candriam S.C.A.’s holdings in Alibaba Group were worth $70,862,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Hoey Investments Inc. grew its stake in Alibaba Group by 95.2% in the first quarter. Hoey Investments Inc. now owns 205 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 100 shares during the period. Costello Asset Management INC bought a new stake in shares of Alibaba Group during the fourth quarter valued at approximately $34,000. Palisade Asset Management LLC acquired a new position in shares of Alibaba Group during the third quarter worth approximately $37,000. Palladiem LLC acquired a new position in shares of Alibaba Group during the fourth quarter worth approximately $38,000. Finally, SJS Investment Consulting Inc. lifted its holdings in shares of Alibaba Group by 15,000.0% in the 1st quarter. SJS Investment Consulting Inc. now owns 302 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 300 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.
Key Alibaba Group News
Here are the key news stories impacting Alibaba Group this week:
- Positive Sentiment: Alibaba shares rallied after reports highlighted improving optimism around its AI and cloud businesses, including commentary that AI-driven revenue could support earnings and a re-rating of the stock. Alibaba shares jump on AI cloud market
- Positive Sentiment: News that China may allow selected firms, including Alibaba, to access Nvidia’s H200 chips could support Alibaba’s AI development and cloud infrastructure plans. Related China AI chip access report
- Positive Sentiment: Alibaba also received a temporary U.S. legal reprieve from certain Pentagon-linked lobbying restrictions, easing one source of regulatory pressure in the near term. Alibaba settles DOJ case as AI rules tighten
- Neutral Sentiment: The company is updating internal AI policies in response to China’s tightening AI rules, including changes to its Qwen platform and restrictions on some third-party tools, which mainly signals compliance rather than an immediate financial impact. Alibaba settles DOJ case as AI rules tighten
- Negative Sentiment: Alibaba agreed to a $600 million non-prosecution settlement with the U.S. Department of Justice over historic illegal pharmaceutical sales, adding a meaningful legal overhang and potential reputational drag. Alibaba settles DOJ case as AI rules tighten
- Negative Sentiment: Investor-rights and securities-fraud law firms announced investigations into Alibaba, which can weigh on sentiment even if no wrongdoing has been proven. Howard G. Smith securities fraud investigation
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on Alibaba Group
Insider Activity at Alibaba Group
In other Alibaba Group news, General Counsel Siying Yu sold 6,772 shares of the stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $12.10, for a total value of $81,941.20. Following the completion of the sale, the general counsel owned 607,234 shares in the company, valued at approximately $7,347,531.40. This trade represents a 1.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Hong Xu sold 175,054 shares of Alibaba Group stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $12.15, for a total transaction of $2,126,906.10. Following the transaction, the chief financial officer directly owned 280,496 shares in the company, valued at approximately $3,408,026.40. This represents a 38.43% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 920,303 shares of company stock valued at $70,796,370 over the last three months. Insiders own 12.50% of the company’s stock.
Alibaba Group Trading Up 1.0%
Shares of Alibaba Group stock opened at $112.30 on Friday. The company has a market capitalization of $269.61 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 2.04 and a beta of 0.51. The stock has a fifty day simple moving average of $118.89 and a 200 day simple moving average of $136.48. Alibaba Group Holding Limited has a 12-month low of $91.99 and a 12-month high of $192.67. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.21.
Alibaba Group (NYSE:BABA – Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share for the quarter. The business had revenue of $35.30 billion for the quarter. Alibaba Group had a return on equity of 4.76% and a net margin of 10.31%. On average, sell-side analysts anticipate that Alibaba Group Holding Limited will post 6.29 earnings per share for the current fiscal year.
Alibaba Group Dividend Announcement
The company also recently declared an annual dividend, which will be paid on Monday, July 13th. Investors of record on Thursday, June 11th will be given a dividend of $1.05 per share. This represents a dividend yield of 93.0%. The ex-dividend date of this dividend is Thursday, June 11th. Alibaba Group’s dividend payout ratio (DPR) is presently 16.91%.
Alibaba Group Profile
Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.
The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.
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