Mangrove Partners IM LLC purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABA – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,588 shares of the specialty retailer’s stock, valued at approximately $966,000.
Several other hedge funds also recently made changes to their positions in the business. Capital World Investors grew its stake in shares of Alibaba Group by 7.7% during the 4th quarter. Capital World Investors now owns 6,505,165 shares of the specialty retailer’s stock worth $953,527,000 after acquiring an additional 466,847 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Alibaba Group by 7,680.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,014,147 shares of the specialty retailer’s stock valued at $881,554,000 after buying an additional 5,936,847 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Alibaba Group by 0.8% in the fourth quarter. Fisher Asset Management LLC now owns 5,335,894 shares of the specialty retailer’s stock valued at $782,135,000 after buying an additional 42,297 shares in the last quarter. Norges Bank bought a new position in shares of Alibaba Group in the fourth quarter valued at $594,477,000. Finally, American Century Companies Inc. grew its stake in shares of Alibaba Group by 17.7% in the third quarter. American Century Companies Inc. now owns 2,987,539 shares of the specialty retailer’s stock valued at $533,964,000 after buying an additional 448,484 shares in the last quarter. 13.47% of the stock is owned by institutional investors.
Alibaba Group Trading Down 1.4%
BABA stock opened at $110.99 on Wednesday. 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 company has a fifty day moving average price of $129.65 and a two-hundred day moving average price of $143.17. Alibaba Group Holding Limited has a one year low of $103.71 and a one year high of $192.67. The stock has a market cap of $266.28 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 1.93 and a beta of 0.48.
Alibaba Group Dividend Announcement
The business also recently disclosed an annual dividend, which will be paid on Monday, July 13th. Shareholders of record on Thursday, June 11th will be given a dividend of $1.05 per share. This represents a yield of 93.0%. The ex-dividend date of this dividend is Thursday, June 11th. 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 unveiled its first suite of AI models built for robots, signaling a push into “physical AI” and more advanced AI agents beyond chatbots. That could improve Alibaba’s long-term growth story in cloud and enterprise AI. Article Title
- Positive Sentiment: Reports also said billionaire investor Michael Burry boosted his Alibaba stake, highlighting confidence in the company’s AI capabilities and share buyback efforts. Article Title
- Positive Sentiment: Alibaba is reportedly considering a $1.5 billion bid for Chinese grocery delivery company Pupu, which could expand its presence in local commerce and logistics if completed. Article Title
- Neutral Sentiment: Alibaba also announced AI support tools for small and medium-sized businesses, reinforcing its push to monetize AI across its ecosystem, though the immediate stock impact is unclear. Article Title
- Negative Sentiment: Alibaba continues to face regulatory and geopolitical risks after the Pentagon blacklisted the company over alleged ties to the Chinese military; Alibaba denies the claim and says it will fight the designation. Article Title
- Negative Sentiment: Chinese regulators also rebuked Alibaba over misleading discount practices during the 618 shopping festival, adding to scrutiny of its retail operations and potentially weighing on sentiment. Article Title
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on BABA shares. Freedom Capital raised shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Robert W. Baird decreased their target price on shares of Alibaba Group from $174.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, March 20th. Susquehanna raised their target price on shares of Alibaba Group from $170.00 to $185.00 and gave the company a “positive” rating in a research note on Friday, May 15th. Mizuho raised their target price on shares of Alibaba Group from $190.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Finally, HSBC raised their target price on shares of Alibaba Group from $172.00 to $180.00 in a research note on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and a consensus target price of $188.76.
Check Out Our Latest Research Report on Alibaba Group
Alibaba Group Company 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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