6,184 Alibaba Group Holding Limited $BABA Shares Sold by Ninety One SA Pty Ltd

Ninety One SA Pty Ltd reduced its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 78.6% during the third quarter, Holdings Channel reports. The institutional investor owned 1,680 shares of the specialty retailer’s stock after selling 6,184 shares during the period. Ninety One SA Pty Ltd’s holdings in Alibaba Group were worth $181,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in BABA. Accredited Investors Inc. grew its holdings in shares of Alibaba Group by 2.9% during the first quarter. Accredited Investors Inc. now owns 2,858 shares of the specialty retailer’s stock valued at $359,000 after buying an additional 80 shares in the last quarter. Mainstream Capital Management LLC lifted its stake in Alibaba Group by 1.1% in the 1st quarter. Mainstream Capital Management LLC now owns 8,597 shares of the specialty retailer’s stock worth $1,079,000 after acquiring an additional 93 shares in the last quarter. Blue Trust Inc. lifted its stake in Alibaba Group by 0.6% in the 1st quarter. Blue Trust Inc. now owns 16,457 shares of the specialty retailer’s stock worth $2,065,000 after acquiring an additional 94 shares in the last quarter. Banque Transatlantique SA boosted its position in Alibaba Group by 0.5% during the 4th quarter. Banque Transatlantique SA now owns 20,615 shares of the specialty retailer’s stock worth $3,022,000 after acquiring an additional 95 shares during the period. Finally, Hoey Investments Inc. boosted its position in Alibaba Group by 95.2% during the 1st quarter. Hoey Investments Inc. now owns 205 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 100 shares during the period. 13.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Alibaba Group news, Director Joseph Tsai bought 720,000 shares of Alibaba Group stock in a transaction dated Monday, August 24th. The shares were acquired at an average cost of $14.29 per share, with a total value of $10,288,800.00. Following the acquisition, the director directly owned 114,979,168 shares of the company’s stock, valued at $1,643,052,310.72. The trade was a 0.63% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Fang Jiang sold 885,272 shares of the stock in a transaction that occurred 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 sale, the insider owned 4,679,097 shares in the company, valued at approximately $63,401,764.35. This trade represents a 15.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 999,971 shares of company stock worth $13,563,304 over the last ninety days. 12.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Citigroup upped their target price on Alibaba Group from $190.00 to $193.00 and gave the company a “buy” rating in a report on Thursday, October 8th. Piper Sandler cut shares of Alibaba Group to a “hold” rating in a report on Thursday, October 8th. Benchmark restated a “buy” rating on shares of Alibaba Group in a report on Thursday, August 20th. Susquehanna upped their price objective on shares of Alibaba Group from $185.00 to $190.00 and gave the company a “positive” rating in a research note on Friday, August 28th. Finally, Nomura dropped their price objective on shares of Alibaba Group from $207.00 to $178.00 and set a “buy” rating on the stock in a research note on Thursday, June 25th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $182.89.

Alibaba Group Price Performance

Shares of NYSE BABA traded down $1.05 during midday trading on Thursday, reaching $110.12. 5,266,017 shares of the company traded hands, compared to its average volume of 11,552,868. The stock’s 50-day simple moving average is $115.06 and its 200-day simple moving average is $119.21. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.36 and a current ratio of 1.36. Alibaba Group Holding Limited has a 12 month low of $91.99 and a 12 month high of $182.50. The firm has a market cap of $273.95 billion, a PE ratio of 26.65, a PEG ratio of 1.41 and a beta of 0.47.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Friday, August 14th. The specialty retailer reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.94 by ($0.68). The firm had revenue of $39.64 billion for the quarter, compared to the consensus estimate of $39.52 billion. Alibaba Group had a return on equity of 4.79% and a net margin of 7.00%. Alibaba Group’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $14.75 earnings per share. As a group, equities analysts anticipate that Alibaba Group Holding Limited will post 5.89 earnings per share for the current fiscal year.

More Alibaba Group News

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

• Positive Sentiment: Alibaba’s cloud business and China quick-commerce operations each grew approximately 45% year over year in the latest quarter. The company is repositioning itself around higher-margin cloud infrastructure and AI, with an ambitious goal of reaching 1 trillion RMB in cloud revenue by 2032. Alibaba: Enough Fuel To Power The Trillion-RMB Cloud Machine
• Positive Sentiment: China has approved Alibaba’s AI models for use in Apple Intelligence on iPhones and other Apple devices sold in China. The partnership could increase Qwen’s visibility, usage and monetization while strengthening Alibaba’s position in China’s AI ecosystem. Alibaba AI models cleared for use in Apple Intelligence in China
• Positive Sentiment: Analyst sentiment remains broadly favorable. Erste Group raised its Alibaba earnings estimates, while JPMorgan retained an Overweight rating and a $200 price target, implying substantial upside from recent levels despite reducing its previous target. Erste Group Bank Boosts Earnings Estimates for Alibaba Group Alibaba Stock Is Down 38% From Its 2025 High
• Positive Sentiment: Alibaba launched approximately $450 Qwen-branded AI smart glasses, expanding beyond e-commerce and cloud into consumer hardware and creating another potential channel for AI services. Alibaba unveils $450 AI glasses
• Neutral Sentiment: Alibaba registered 100 million shares for an equity incentive plan. The move may help attract and retain AI and cloud talent, but could also create potential dilution for existing shareholders. Alibaba Registers 100 Million Shares for 2024 Equity Incentive Plan
• Negative Sentiment: Investors remain concerned that heavy AI and data-center investment is increasing cash burn before the new businesses generate sufficient returns. Traditional e-commerce declined, and Alibaba’s latest reported EPS missed consensus despite revenue slightly exceeding estimates. Those concerns, along with a broader decline in U.S.-traded Asian ADRs, are weighing on BABA. Alibaba: Enough Fuel To Power The Trillion-RMB Cloud Machine

Alibaba Group Profile

Alibaba Group Holding Limited is a technology and commerce company founded in 1999 and headquartered in Hangzhou, China. It operates a broad digital ecosystem connecting consumers, merchants, brands and businesses through online marketplaces and related services.

The company’s China commerce businesses include Taobao and Tmall, while its international commerce operations include Alibaba.com, AliExpress, Lazada and Trendyol. Alibaba also provides logistics services through Cainiao, consumer services through platforms such as Ele.me and Freshippo, and digital media and entertainment offerings.

Alibaba Cloud provides cloud computing, data management, artificial intelligence and other technology services to businesses and organizations.