Profund Advisors LLC Trims Position in Alibaba Group Holding Limited $BABA

Profund Advisors LLC trimmed its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 22.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 82,926 shares of the specialty retailer’s stock after selling 24,256 shares during the quarter. Profund Advisors LLC’s holdings in Alibaba Group were worth $12,155,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the business. Ameriflex Group Inc. raised its holdings in shares of Alibaba Group by 101.4% during the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 72 shares during the last quarter. Foster Dykema Cabot & Partners LLC purchased a new stake in Alibaba Group in the third quarter valued at $30,000. NBT Bank N A NY grew its position in Alibaba Group by 231.5% during the 3rd quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 125 shares during the period. Costello Asset Management INC acquired a new stake in Alibaba Group during the 4th quarter worth about $34,000. Finally, Palisade Asset Management LLC purchased a new position in shares of Alibaba Group during the 3rd quarter valued at about $37,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BABA shares. HSBC upped their target price on Alibaba Group from $172.00 to $180.00 in a research note on Thursday, May 14th. JPMorgan Chase & Co. boosted their price target on Alibaba Group from $200.00 to $205.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. BNP Paribas Exane initiated coverage on Alibaba Group in a research report on Wednesday, April 29th. They issued an “outperform” rating and a $209.00 price objective on the stock. Jefferies Financial Group cut their target price on shares of Alibaba Group from $225.00 to $212.00 and set a “buy” rating for the company in a report on Thursday, March 19th. Finally, Mizuho boosted their target price on shares of Alibaba Group from $190.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Alibaba Group has an average rating of “Moderate Buy” and an average price target of $188.76.

More Alibaba Group News

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

• Positive Sentiment: Alibaba is being re-rated as an AI growth story, with reports highlighting accelerating Cloud Intelligence growth and triple-digit AI revenue gains for multiple quarters, which could support a higher valuation over time. Alibaba: Now An AI Growth Stock
• Positive Sentiment: Several articles argue Alibaba may be entering a “new era” as it prioritizes AI and cloud expansion over short-term profitability, reinforcing the view that management is making strategic investments for future growth. Prediction: Alibaba Stock May Be Entering a New Era
• Positive Sentiment: Investor interest remains strong, with Zacks noting that Alibaba is trending among users as they weigh the stock’s prospects and AI-driven upside potential. Is Trending Stock Alibaba Group Holding Limited (BABA) a Buy Now?
• Neutral Sentiment: Alibaba’s latest quarterly update showed strong cloud and AI progress, but also confirmed that spending on AI and cloud infrastructure is squeezing margins in the near term. Alibaba Group Holding (BABA) Is Down 5.3% After Heavy AI And Cloud Spending Squeezes Margins
• Neutral Sentiment: Alibaba also filed a Form 13F and highlighted its WVR structure, a governance update that is unlikely to move the stock materially on its own. Alibaba Files Form 13F as Investment Manager, Highlights WVR Structure

Alibaba Group Stock Up 0.5%

Shares of BABA opened at $133.30 on Tuesday. The firm has a market cap of $319.78 billion, a P/E ratio of 21.89, a PEG ratio of 2.30 and a beta of 0.50. Alibaba Group Holding Limited has a 12 month low of $103.71 and a 12 month high of $192.67. The stock’s 50 day moving average is $131.70 and its two-hundred day moving average is $148.86. The company has a current ratio of 1.28, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21.

Alibaba Group (NYSE:BABA) last announced its earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter. Alibaba Group had a return on equity of 4.76% and a net margin of 10.31%.The firm had revenue of $35.30 billion for the quarter. Analysts predict that Alibaba Group Holding Limited will post 6.67 earnings per share for the current fiscal year.

Alibaba Group Announces Dividend

The business also recently announced an annual dividend, which will be paid on Monday, July 13th. Stockholders of record on Thursday, June 11th will be given a $1.05 dividend. The ex-dividend date is Thursday, June 11th. This represents a dividend yield of 72.0%. Alibaba Group’s dividend payout ratio (DPR) is 15.60%.

Alibaba Group 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.