Mirae Asset Global Investments Co. Ltd. acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 114,624 shares of the specialty retailer’s stock, valued at approximately $12,327,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in BABA. Vise Technologies Inc. lifted its stake in shares of Alibaba Group by 19.2% in the 3rd quarter. Vise Technologies Inc. now owns 94,041 shares of the specialty retailer’s stock valued at $10,113,000 after acquiring an additional 15,154 shares during the last quarter. Summit Global Investments bought a new stake in Alibaba Group during the 3rd quarter worth $379,000. Canopy Partners LLC grew its position in Alibaba Group by 8.6% during the 3rd quarter. Canopy Partners LLC now owns 2,271 shares of the specialty retailer’s stock worth $244,000 after acquiring an additional 179 shares during the last quarter. Partners Wealth Management LLC bought a new stake in Alibaba Group during the 3rd quarter worth $567,000. Finally, Soltis Investment Advisors LLC acquired a new position in Alibaba Group in the 3rd quarter worth about $246,000. Institutional investors own 13.47% of the company’s stock.
Alibaba Group Trading Down 1.2%
Shares of BABA stock opened at $100.24 on Wednesday. The stock has a market cap of $249.38 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 1.32 and a beta of 0.44. The stock has a 50-day moving average of $108.93 and a 200-day moving average of $125.92. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.21. Alibaba Group Holding Limited has a 1-year low of $91.99 and a 1-year high of $181.10.
Alibaba Group (NYSE:BABA – Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The specialty retailer reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.68). Alibaba Group had a net margin of 7.00% and a return on equity of 4.79%. The firm had revenue of $39.64 billion during the quarter, compared to the consensus estimate of $39.52 billion. During the same period in the prior year, the company posted $14.75 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts forecast that Alibaba Group Holding Limited will post 5.76 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities analysts have commented on BABA shares. Benchmark reiterated a “buy” rating on shares of Alibaba Group in a research report on Thursday, August 20th. JPMorgan Chase & Co. reduced their price target on Alibaba Group from $210.00 to $200.00 and set an “overweight” rating on the stock in a report on Monday, October 12th. Sanford C. Bernstein restated an “outperform” rating and set a $165.00 price target on shares of Alibaba Group in a report on Monday, September 7th. HSBC set a $170.00 price objective on Alibaba Group in a research note on Thursday, July 9th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.89.
View Our Latest Report on BABA
Key Alibaba Group News
Here are the key news stories impacting Alibaba Group this week:
- Positive Sentiment: Apple is expected to begin testing Alibaba’s Qwen model on iPhones on November 4, ahead of a planned December rollout in China. Integration into Siri and other Apple Intelligence features could expose Qwen to a large user base and strengthen Alibaba’s AI reach. Alibaba Stocks Decline as Qwen’s iPhone Test Starts November 4
- Positive Sentiment: Alibaba’s cloud and AI technology will support the 2026 Dakar Youth Olympic Games in Dakar, showcasing its services in a prominent international event and potentially helping its cloud business build visibility. Alibaba (BABA) Will Power Dakar 2026 With Cloud And AI
- Neutral Sentiment: China’s fresh signals of support for its stock market helped lift Alibaba and other Chinese internet shares in the previous session. The policy backdrop is supportive, though the article does not establish a direct or lasting benefit to Alibaba’s fundamentals. PDD Holdings Rises, Alibaba Up as China Signals Fresh Stock Market Support
- Negative Sentiment: The Apple partnership’s financial terms have not been disclosed. While the distribution opportunity is notable, investors may wait for details on monetization and evidence that the Qwen integration can generate meaningful revenue; that uncertainty could temper enthusiasm after recent gains. Alibaba Stocks Decline as Qwen’s iPhone Test Starts November 4
Insider Buying and Selling
In other news, CFO Hong Xu sold 103,046 shares of the business’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $13.68, for a total transaction of $1,409,669.28. Following the completion of the sale, the chief financial officer owned 406,450 shares in the company, valued at $5,560,236. The trade was a 20.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Siying Yu sold 6,764 shares of the business’s stock in a transaction on Friday, September 25th. The shares were sold at an average price of $13.58, for a total transaction of $91,855.12. Following the sale, the general counsel owned 613,965 shares of the company’s stock, valued at $8,337,644.70. This trade represents a 1.09% 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 a total of 999,971 shares of company stock worth $13,563,304 over the last 90 days. 12.50% of the stock is owned by company insiders.
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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