Inspire Trust Co. N.A. lifted its position in shares of Alibaba Group Holding Limited (NYSE:BABA – Free Report) by 44.1% in the third quarter, HoldingsChannel.com reports. The fund owned 49,000 shares of the specialty retailer’s stock after buying an additional 15,000 shares during the period. Inspire Trust Co. N.A.’s holdings in Alibaba Group were worth $5,269,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in BABA. Angeles Wealth Management LLC increased its stake in Alibaba Group by 0.3% in the second quarter. Angeles Wealth Management LLC now owns 30,421 shares of the specialty retailer’s stock valued at $2,952,000 after acquiring an additional 100 shares during the last quarter. Hardin Capital Partners LLC raised its position in Alibaba Group by 1.5% during the second quarter. Hardin Capital Partners LLC now owns 6,945 shares of the specialty retailer’s stock valued at $670,000 after purchasing an additional 104 shares in the last quarter. Magnus Financial Group LLC lifted its stake in Alibaba Group by 1.0% during the third quarter. Magnus Financial Group LLC now owns 10,851 shares of the specialty retailer’s stock worth $1,167,000 after purchasing an additional 105 shares during the last quarter. Wealth Alliance LLC lifted its stake in Alibaba Group by 1.3% during the first quarter. Wealth Alliance LLC now owns 8,510 shares of the specialty retailer’s stock worth $1,068,000 after purchasing an additional 108 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Alibaba Group by 3.7% during the first quarter. EverSource Wealth Advisors LLC now owns 3,078 shares of the specialty retailer’s stock worth $386,000 after purchasing an additional 111 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.
Key Stories Impacting Alibaba Group
Here are the key news stories impacting Alibaba Group this week:
- Positive Sentiment: Alibaba said T-Head has approval to proceed with a spin-off and has confidentially filed to list in Hong Kong. A separate listing could give investors direct exposure to its data-center chip business and help highlight the value of Alibaba’s AI assets, though the reports provide no valuation or offering details. Reuters article: Alibaba chip unit T-Head files confidential Hong Kong IPO application
- Positive Sentiment: Alibaba is also drawing attention for providing cloud and AI infrastructure for the Dakar 2026 Summer Youth Olympic Games, a showcase that could support its cloud business and brand visibility. Yahoo Finance article: Alibaba Group Holding lands Olympic cloud deal
- Negative Sentiment: Investors may remain cautious ahead of the November 19 results. Recent coverage points to pressure on earnings from increased technology investment, alongside softer sentiment toward Chinese technology shares; results could clarify the effect of that spending on profitability. Quiver Quant article: Alibaba slides as investors turn cautious ahead of November 19 results
Insider Buying and Selling
In other news, insider Fang Jiang sold 885,272 shares of the stock in a transaction on Wednesday, September 30th. The stock was 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 directly owned 4,679,097 shares in the company, valued at approximately $63,401,764.35. This represents a 15.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Tsai acquired 720,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were purchased at an average cost of $14.29 per share, for a total transaction of $10,288,800.00. Following the acquisition, the director owned 114,979,168 shares in the company, valued at $1,643,052,310.72. This represents a 0.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 999,971 shares of company stock worth $13,563,304 in the last ninety days. Insiders own 12.50% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on BABA shares. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Alibaba Group in a report on Monday, September 7th. Benchmark reissued a “buy” rating on shares of Alibaba Group in a report on Thursday, August 20th. Wells Fargo & Company set a $190.00 price objective on Alibaba Group in a research report on Monday. Susquehanna upped their price objective on Alibaba Group from $185.00 to $190.00 and gave the stock a “positive” rating in a research report on Friday, August 28th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $192.00 price objective on shares of Alibaba Group in a research note on Thursday, October 8th. Two investment 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $183.26.
View Our Latest Research Report on BABA
Alibaba Group Trading Down 2.6%
Shares of Alibaba Group stock opened at $102.67 on Wednesday. The firm has a market capitalization of $255.43 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 1.36 and a beta of 0.44. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $107.78 and its 200 day moving average is $124.35. 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 issued its earnings results on Friday, August 14th. The specialty retailer reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.68). The company had revenue of $39.64 billion during the quarter, compared to analyst estimates of $39.52 billion. Alibaba Group had a net margin of 7.00% and a return on equity of 4.79%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $14.75 EPS. Equities research analysts forecast that Alibaba Group Holding Limited will post 5.79 earnings per share for the current fiscal year.
Alibaba Group Profile
Alibaba Group Holding Limited is a technology and commerce company founded in 1999 and headquartered in Hangzhou, China. It operates digital platforms that connect consumers, merchants, businesses and other participants in commerce. Its businesses include China-focused marketplaces such as Taobao and Tmall, international platforms including AliExpress and Alibaba.com, and Alibaba Cloud, which provides cloud computing and related technology services. The group also has operations in areas such as logistics, local services and digital media.
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