RD Finance Ltd bought a new position in Alibaba Group Holding Limited (NYSE:BABA – Free Report) in the 4th quarter, Holdings Channel reports. The firm bought 24,850 shares of the specialty retailer’s stock, valued at approximately $3,643,000. Alibaba Group makes up 3.7% of RD Finance Ltd’s investment portfolio, making the stock its 9th biggest holding.
Several other hedge funds have also made changes to their positions in BABA. Ameriflex Group Inc. lifted its holdings in shares of Alibaba Group by 101.4% in the 3rd quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock worth $26,000 after buying an additional 72 shares during the period. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Alibaba Group in the 3rd quarter worth $30,000. NBT Bank N A NY lifted its holdings in shares of Alibaba Group by 231.5% in the 3rd quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock worth $32,000 after buying an additional 125 shares during the period. Palisade Asset Management LLC purchased a new stake in shares of Alibaba Group in the 3rd quarter worth $37,000. Finally, Richardson Financial Services Inc. lifted its holdings in shares of Alibaba Group by 34.4% in the 3rd quarter. Richardson Financial Services Inc. now owns 254 shares of the specialty retailer’s stock worth $45,000 after buying an additional 65 shares during the period. 13.47% of the stock is currently owned by hedge funds and other institutional investors.
Trending Headlines about Alibaba Group
Here are the key news stories impacting Alibaba Group this week:
- Positive Sentiment: BNP Paribas initiated coverage on Alibaba with an Outperform rating and a $209 price target, citing potential acceleration in cloud revenue growth. BNP Paribas Initiates Coverage of Alibaba Group Holding (BABA), Cites Potential Cloud Revenue Growth Acceleration
- Positive Sentiment: Another report highlighted Alibaba’s expanding cloud and AI footprint, including new data center regions and rising capital spending to support AI demand, which supports the long-term growth story. Alibaba Cloud And AI Expansion Reshapes Long Term Investor Trade Offs
- Positive Sentiment: Barclays and Erste Group updates also kept focus on Alibaba’s earnings outlook, with Erste trimming estimates only modestly, suggesting analysts still see meaningful profit potential. Wall Street Analysts Think Alibaba (BABA) Is a Good Investment: Is It?
- Neutral Sentiment: Alibaba said it is not involved in the reported U.S. probe into alleged Nvidia chip smuggling via Thailand, but the headlines may keep investors cautious until more details emerge. US suspects Nvidia chips smuggled to Alibaba via Thailand, Bloomberg News reports
- Neutral Sentiment: Reports that AI costs are rising for Alibaba and Tencent point to margin pressure in the near term, even as AI investment could support future growth. Tencent Earnings Growth Seen Slowing As AI Investments Double
- Negative Sentiment: Erste Group lowered its FY2026 and FY2027 earnings estimates for Alibaba, which can weigh on sentiment by signaling slightly weaker profit expectations. Alibaba Group Stock Performance
Alibaba Group Trading Down 0.7%
Alibaba Group (NYSE:BABA – Get Free Report) last released its quarterly earnings results on Saturday, February 14th. The specialty retailer reported $0.13 EPS for the quarter. Alibaba Group had a return on equity of 7.43% and a net margin of 9.12%.The company had revenue of $40.71 billion during the quarter. Equities research analysts expect that Alibaba Group Holding Limited will post 4.32 EPS for the current fiscal year.
Analysts Set New Price Targets
BABA has been the subject of several research reports. Jefferies Financial Group lowered their target price on Alibaba Group from $225.00 to $212.00 and set a “buy” rating for the company in a report on Thursday, March 19th. Argus upgraded Alibaba Group to a “hold” rating in a research note on Tuesday, March 24th. Nomura upped their price objective on Alibaba Group from $193.00 to $237.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Freedom Capital upgraded Alibaba Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Finally, BNP Paribas Exane assumed coverage on Alibaba Group in a research note on Wednesday, April 29th. They set an “outperform” rating and a $209.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Alibaba Group has an average rating of “Moderate Buy” and an average target price of $188.75.
View Our Latest Stock Analysis on BABA
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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