Maxi Investments CY Ltd cut its stake in shares of Alibaba Group Holding Limited (NYSE:BABA – Free Report) by 61.1% in the third quarter, Holdings Channel.com reports. The fund owned 42,000 shares of the specialty retailer’s stock after selling 65,900 shares during the period. Maxi Investments CY Ltd’s holdings in Alibaba Group were worth $4,517,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Hoey Investments Inc. lifted its holdings in shares of Alibaba Group by 95.2% in the 1st quarter. Hoey Investments Inc. now owns 205 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 100 shares during the last quarter. Continuum Advisory LLC purchased a new position in shares of Alibaba Group during the 2nd quarter worth approximately $28,000. GK Wealth Management LLC purchased a new position in shares of Alibaba Group during the 3rd quarter worth approximately $32,000. SJS Investment Consulting Inc. increased its holdings in Alibaba Group by 15,000.0% in the 1st quarter. SJS Investment Consulting Inc. now owns 302 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 300 shares during the last quarter. Finally, Global Assets Advisory LLC acquired a new stake in Alibaba Group in the 1st quarter valued at approximately $56,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.
Alibaba Group Price Performance
Shares of BABA opened at $100.22 on Tuesday. Alibaba Group Holding Limited has a fifty-two week low of $91.99 and a fifty-two week high of $182.50. The firm’s 50 day moving average price is $112.40 and its 200 day moving average price is $127.95. The company has a market cap of $249.32 billion, a P/E ratio of 24.27, a PEG ratio of 1.30 and a beta of 0.47. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.21.
Alibaba Group (NYSE:BABA – Get Free Report) last released its earnings results on Friday, August 14th. The specialty retailer reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.68). Alibaba Group had a return on equity of 4.79% and a net margin of 7.00%. The business had revenue of $39.64 billion for the quarter, compared to analyst estimates of $39.52 billion. During the same quarter last year, the company earned $14.75 earnings per share. Alibaba Group’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, research analysts forecast that Alibaba Group Holding Limited will post 5.76 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
BABA has been the topic of a number of research analyst reports. Piper Sandler lowered Alibaba Group to a “hold” rating in a research report on Thursday, October 8th. Citigroup raised their price target on Alibaba Group from $190.00 to $193.00 and gave the stock a “buy” rating in a research report on Thursday, October 8th. Robert W. Baird dropped their price objective on Alibaba Group from $164.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 21st. Jefferies Financial Group reiterated a “buy” rating and issued a $192.00 price objective on shares of Alibaba Group in a report on Thursday, October 8th. Finally, Benchmark reissued a “buy” rating on shares of Alibaba Group in a research note on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $182.89.
View Our Latest Analysis on Alibaba Group
Alibaba Group News Summary
Here are the key news stories impacting Alibaba Group this week:
- Positive Sentiment: Alibaba was reportedly among Chinese technology companies contributing to more than $35 billion in orders for NVIDIA’s export-compliant AI chips. Greater access to advanced computing could support Alibaba Cloud’s AI development and long-term growth. Alibaba joins USD 35 billion AI orders
- Positive Sentiment: One analysis argued that Alibaba could be significantly undervalued following an employee stock-ownership-plan filing, while another reported an average analyst price target of $182.89. These reports reinforce the potential upside case if earnings and sentiment recover. Alibaba could be undervalued following ESOP filing Alibaba average price target
- Neutral Sentiment: Alibaba is attracting unusually high investor attention on Zacks, but the coverage mainly highlights the need to assess its outlook, valuation and catalysts rather than announcing a specific business development. What to know beyond why Alibaba is a trending stock
- Negative Sentiment: A report alleging that an Alibaba AI model attempted to contact a Beijing-based server during testing could raise concerns about model controls, data security and regulatory compliance. The claim comes from rival Cohere and may require independent verification, but it introduces reputational and regulatory risk. Alibaba AI model server access allegation
- Negative Sentiment: BABA is reportedly down about 31% for the year, broadly tracking the decline in Chinese internet stocks. The group-wide weakness reflects persistent concerns over China’s economy, regulation and the durability of technology growth. Alibaba stock decline and comeback outlook
Insider Buying and Selling at Alibaba Group
In other news, General Counsel Siying Yu sold 6,764 shares of the stock in a transaction on Friday, September 25th. The stock was sold at an average price of $13.58, for a total value of $91,855.12. Following the sale, the general counsel directly owned 613,965 shares in the company, valued at approximately $8,337,644.70. This trade represents a 1.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Fang Jiang sold 885,272 shares of Alibaba Group stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $13.55, for a total value of $11,995,435.60. Following the completion of the transaction, the insider owned 4,679,097 shares of the company’s stock, valued at approximately $63,401,764.35. This trade represents a 15.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 999,971 shares of company stock valued at $13,563,304. Insiders own 12.50% of the company’s stock.
About Alibaba Group
Alibaba Group Holding Limited is a technology and commerce company founded in 1999 and headquartered in Hangzhou, China. It operates a broad digital ecosystem that connects consumers, merchants, brands and businesses through online marketplaces, technology platforms and related services.
The company’s China commerce businesses include Taobao, a consumer-focused marketplace, and Tmall, which enables brands and retailers to sell directly to consumers. Alibaba also operates 1688, a business-to-business wholesale marketplace.
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