Alibaba Group Holding Limited $BABA Shares Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC boosted its position in Alibaba Group Holding Limited (NYSE:BABA) by 19.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,957 shares of the specialty retailer’s stock after buying an additional 8,879 shares during the period. NewEdge Wealth LLC’s holdings in Alibaba Group were worth $6,769,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its position in Alibaba Group by 7,680.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,014,147 shares of the specialty retailer’s stock worth $881,554,000 after buying an additional 5,936,847 shares during the last quarter. Norges Bank purchased a new stake in shares of Alibaba Group in the 4th quarter valued at $594,477,000. Altshuler Shaham Ltd acquired a new stake in shares of Alibaba Group in the fourth quarter worth $160,410,000. Third Point LLC acquired a new stake in shares of Alibaba Group in the fourth quarter worth $120,928,000. Finally, Bbfit Investments PTE Ltd. purchased a new position in shares of Alibaba Group during the fourth quarter worth $106,828,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Alibaba Group from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Mizuho lifted their price objective on Alibaba Group from $190.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Barclays boosted their price objective on Alibaba Group from $186.00 to $195.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Wall Street Zen upgraded Alibaba Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Nomura dropped their target price on Alibaba Group from $207.00 to $178.00 and set a “buy” rating on the stock in a report on Thursday, June 25th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and an average target price of $186.90.

Key Stories Impacting Alibaba Group

Here are the key news stories impacting Alibaba Group this week:

• Positive Sentiment: Alibaba’s AI efforts got another boost after a unit said its “5-in-1” AI system can give robots a unified brain, body, and limbs, reinforcing the company’s push into next-generation robotics and applied AI. Article
• Positive Sentiment: Investor sentiment may also be supported by news that Alibaba’s Qwen model will power Apple Intelligence features in China, a meaningful commercialization milestone for its AI platform. Article
• Positive Sentiment: Analysts and market commentators continue to highlight Alibaba’s steady AI progress, suggesting the company is building credibility as a competitive AI player. Article
• Neutral Sentiment: Alibaba-backed AGTech signed a technical services agreement to build a trading platform for the Hong Kong Gold Exchange, a business-development update with limited direct near-term impact on BABA. Article
• Negative Sentiment: Multiple law firms launched or expanded securities-class-action investigations into Alibaba, alleging possible misleading disclosures, which can add legal uncertainty and pressure the shares. Article
• Negative Sentiment: Separate investor alerts from Rosen and Pomerantz may keep litigation concerns in focus and contribute to the stock’s underperformance versus the broader market. Article

Alibaba Group Price Performance

NYSE:BABA opened at $114.09 on Friday. Alibaba Group Holding Limited has a 52 week low of $91.99 and a 52 week high of $192.67. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $273.49 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 2.15 and a beta of 0.51. The stock’s 50-day moving average price is $114.86 and its 200-day moving average price is $134.23.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share for the quarter. The company had revenue of $35.30 billion during the quarter. Alibaba Group had a return on equity of 4.76% and a net margin of 10.31%. As a group, equities analysts expect that Alibaba Group Holding Limited will post 6.28 EPS for the current fiscal year.

Alibaba Group Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Monday, July 13th. Stockholders of record on Thursday, June 11th were given a $1.05 dividend. The ex-dividend date was Thursday, June 11th. This represents a dividend yield of 93.0%. Alibaba Group’s payout ratio is 16.91%.

Insider Buying and Selling at Alibaba Group

In other news, insider Fang Jiang sold 4,898 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $12.09, for a total transaction of $59,216.82. Following the completion of the transaction, the insider directly owned 5,559,511 shares of the company’s stock, valued at $67,214,487.99. This represents a 0.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Siying Yu sold 6,772 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $12.10, for a total value of $81,941.20. Following the transaction, the general counsel owned 607,234 shares in the company, valued at $7,347,531.40. This trade represents a 1.10% 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 quarter, insiders sold 920,303 shares of company stock worth $70,796,370. 12.50% of the stock is currently owned by corporate insiders.

About Alibaba Group

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.