Alibaba Group (NYSE:BABA – Get Free Report) had its price target lowered by equities research analysts at Robert W. Baird from $164.00 to $160.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the specialty retailer’s stock. Robert W. Baird’s target price points to a potential upside of 22.84% from the company’s current price.
Other equities research analysts have also recently issued reports about the company. HSBC set a $170.00 target price on Alibaba Group in a report on Thursday, July 9th. Freedom Capital upgraded shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Barclays reissued an “overweight” rating and set a $200.00 price objective on shares of Alibaba Group in a report on Friday. Wall Street Zen raised shares of Alibaba Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Alibaba Group in a report on Wednesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and an average target price of $186.95.
Read Our Latest Stock Analysis on BABA
Alibaba Group Price Performance
Insider Transactions at Alibaba Group
In other Alibaba Group news, CFO Hong Xu sold 175,054 shares of Alibaba Group stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $12.15, for a total value of $2,126,906.10. Following the transaction, the chief financial officer directly owned 280,496 shares of the company’s stock, valued at approximately $3,408,026.40. The trade was a 38.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Fan (Fj) Jiang sold 13,579 shares of the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $12.10, for a total value of $164,305.90. Following the sale, the chief executive officer owned 556,617 shares of the company’s stock, valued at approximately $6,735,065.70. This represents a 2.38% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 920,303 shares of company stock worth $70,796,370. 12.50% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Alibaba Group
A number of large investors have recently modified their holdings of the business. Hoey Investments Inc. grew its position in Alibaba Group by 95.2% during the 1st quarter. Hoey Investments Inc. now owns 205 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Palisade Asset Management LLC acquired a new position in shares of Alibaba Group in the 3rd quarter valued at $37,000. Costello Asset Management INC purchased a new position in Alibaba Group in the 4th quarter worth $34,000. Palladiem LLC purchased a new stake in Alibaba Group during the 4th quarter valued at about $38,000. Finally, Key Financial Inc grew its stake in Alibaba Group by 316.9% during the 4th quarter. Key Financial Inc now owns 271 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.
Alibaba Group News Roundup
Here are the key news stories impacting Alibaba Group this week:
- Positive Sentiment: Alibaba’s cloud revenue increased 45% to approximately 48.4 billion yuan, driven by demand for AI computing, model training and related services. Management said the company is well positioned to benefit from the broader AI boom. Alibaba cloud revenue rises 45% even as AI spending weighs on profit
- Positive Sentiment: Overall revenue rose 9% year over year to roughly $39.6 billion, supported by AI services, cloud demand and the “618” shopping festival. Quick-commerce orders and unit economics also reportedly improved, offering a potential future growth lever. Alibaba reports 9% rise in quarterly revenue
- Positive Sentiment: Alibaba’s decision to sell its Lingxi Games stake for reportedly more than $2 billion could provide capital for its AI strategy and sharpen its focus on cloud and AI businesses. Alibaba Cashes Out of Gaming to Double Down on AI
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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