Myriad Asset Management Advisors LLC purchased a new position in Alibaba Group Holding Limited (NYSE:BABA – Free Report) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 55,606 shares of the specialty retailer’s stock, valued at approximately $8,151,000. Alibaba Group comprises approximately 2.5% of Myriad Asset Management Advisors LLC’s holdings, making the stock its 11th largest holding.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ARK Investment Management LLC bought a new stake in Alibaba Group during the third quarter worth $37,565,000. Great Hill Capital LLC bought a new stake in Alibaba Group during the third quarter worth $2,207,000. Jennison Associates LLC lifted its holdings in Alibaba Group by 11.9% during the fourth quarter. Jennison Associates LLC now owns 54,235 shares of the specialty retailer’s stock worth $7,950,000 after acquiring an additional 5,760 shares during the period. Thornburg Investment Management Inc. lifted its holdings in Alibaba Group by 14.3% during the third quarter. Thornburg Investment Management Inc. now owns 553,384 shares of the specialty retailer’s stock worth $98,906,000 after acquiring an additional 69,232 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new stake in Alibaba Group during the fourth quarter worth $21,266,000. Institutional investors own 13.47% of the company’s stock.
Wall Street Analysts Forecast Growth
BABA has been the topic of a number of recent analyst reports. Robert W. Baird dropped their price target on Alibaba Group from $174.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Freedom Capital upgraded Alibaba Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Erste Group Bank lowered Alibaba Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Nomura lifted their price target on Alibaba Group from $200.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Argus raised Alibaba Group to a “hold” rating in a research report on Tuesday, March 24th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $188.76.
Alibaba Group Stock Performance
NYSE:BABA opened at $115.64 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.28 and a quick ratio of 1.28. The business has a fifty day simple moving average of $130.55 and a two-hundred day simple moving average of $144.44. Alibaba Group Holding Limited has a 1 year low of $103.71 and a 1 year high of $192.67. The company has a market capitalization of $277.43 billion, a P/E ratio of 18.99, a P/E/G ratio of 2.05 and a beta of 0.47.
Alibaba Group (NYSE:BABA – Get Free Report) last released its earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter. Alibaba Group had a return on equity of 4.76% and a net margin of 10.31%.The business had revenue of $35.30 billion during the quarter. On average, analysts expect that Alibaba Group Holding Limited will post 6.75 earnings per share for the current year.
Alibaba Group Announces Dividend
The business also recently declared an annual dividend, which will be paid on Monday, July 13th. Stockholders of record on Thursday, June 11th will be given a $1.05 dividend. The ex-dividend date is Thursday, June 11th. This represents a dividend yield of 91.0%. Alibaba Group’s payout ratio is 16.91%.
Key Stories Impacting Alibaba Group
Here are the key news stories impacting Alibaba Group this week:
- Positive Sentiment: Alibaba is continuing to expand its AI efforts, including upgrades to its AI business and token-related infrastructure, which supports its long-term growth narrative. Article Title
- Positive Sentiment: Citi reportedly sees the recent selloff tied to China’s AI capex plans as premature, suggesting investors may be overstating the near-term threat to Alibaba’s cloud business. Article Title
- Neutral Sentiment: Alibaba said the Pentagon label has “no basis” and it expects no material business impact, but the move still increases regulatory and reputational risk. Article Title
- Negative Sentiment: The Pentagon’s addition of Alibaba to its Chinese military-linked list could limit U.S. government-related business and keep geopolitical pressure on the stock. Article Title
- Negative Sentiment: China’s planned AI data-center spending may increase competition in cloud and AI, potentially undercutting private operators like Alibaba over time. Article Title
About Alibaba Group
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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