Alibaba Group Holding Limited $BABA Shares Acquired by Milestone Asset Management LLC

Milestone Asset Management LLC boosted its position in Alibaba Group Holding Limited (NYSE:BABA) by 69.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,100 shares of the specialty retailer’s stock after purchasing an additional 4,568 shares during the period. Milestone Asset Management LLC’s holdings in Alibaba Group were worth $1,194,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BABA. SLT Holdings LLC acquired a new stake in Alibaba Group in the third quarter valued at $446,000. Mystic Asset Management Inc. raised its stake in shares of Alibaba Group by 3.0% during the 3rd quarter. Mystic Asset Management Inc. now owns 17,497 shares of the specialty retailer’s stock worth $1,882,000 after buying an additional 515 shares during the last quarter. Elevated Private Wealth LLC boosted its position in shares of Alibaba Group by 53.4% in the 3rd quarter. Elevated Private Wealth LLC now owns 15,993 shares of the specialty retailer’s stock worth $1,720,000 after buying an additional 5,565 shares in the last quarter. Truefg LLC purchased a new stake in shares of Alibaba Group in the 3rd quarter worth about $221,000. Finally, B.A. Schrock Wealth Management Inc. purchased a new stake in shares of Alibaba Group in the 3rd quarter worth about $319,000. 13.47% of the stock is owned by institutional investors and hedge funds.

More Alibaba Group News

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

• Positive Sentiment: Bernstein identified Alibaba as one of its top Chinese AI investment ideas, supporting the view that the company’s cloud and artificial-intelligence businesses could become major growth drivers. Bernstein Says Tencent and Alibaba Stocks Are Its Top AI Plays in China
• Positive Sentiment: China approved Alibaba’s AI models for use in Apple Intelligence and other Apple handsets, creating a high-profile commercial distribution channel for its technology. Alibaba AI models cleared for use in Apple Intelligence in China
• Positive Sentiment: Alibaba is preparing for a potentially record-setting Singles’ Day event, with about one million brands participating. Strong promotional activity could support transaction volume and consumer engagement. Alibaba sets sights on record-breaking Singles’ Day
• Positive Sentiment: Erste Group Bank raised its earnings estimates for Alibaba, while JPMorgan maintained an Overweight rating and a $200 target, indicating substantial potential upside despite lowering its target from $210. JPMorgan sees upside for Alibaba
• Positive Sentiment: Alibaba’s Qwen AI smart glasses broaden its consumer-hardware strategy and position the company to compete with Meta in emerging AI-enabled devices. Alibaba Unveils New Qwen AI Smart Glasses
• Neutral Sentiment: Recent comparisons with Coupang and MercadoLibre describe Alibaba as a value-oriented global e-commerce and cloud leader, but highlight faster growth from its international peers. Alibaba vs. Coupang
• Negative Sentiment: A Seeking Alpha analysis noted that revenue growth is increasingly driven by Quick Commerce and Cloud, while traditional e-commerce is declining. AI investment is increasing cash burn, and rising capital-expenditure expectations could delay the recovery in earnings and margins. Alibaba cloud investment analysis
• Negative Sentiment: The broader selloff reflects investor concerns about weaker earnings, profitability versus growth priorities, regulatory risk, and disappointing recent results, including an EPS miss despite revenue growth. Asian ADR weakness also added market pressure. Asian ADRs fall sharply

Alibaba Group Stock Performance

Alibaba Group stock opened at $111.13 on Friday. Alibaba Group Holding Limited has a fifty-two week low of $91.99 and a fifty-two week high of $182.50. The company has a market capitalization of $276.46 billion, a price-to-earnings ratio of 48.76, a PEG ratio of 1.45 and a beta of 0.47. The stock has a fifty day moving average of $114.74 and a two-hundred day moving average of $119.13. 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 (NYSE:BABA) last released its quarterly 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). Alibaba Group had a return on equity of 4.79% and a net margin of 7.00%. The company had revenue of $39.64 billion during the quarter, compared to analyst estimates of $39.52 billion. During the same period last year, the firm earned $14.75 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. On average, analysts anticipate that Alibaba Group Holding Limited will post 5.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BABA shares. Jefferies Financial Group restated a “buy” rating and set a $192.00 target price on shares of Alibaba Group in a report on Thursday, October 8th. HSBC set a $170.00 target price on shares of Alibaba Group in a research report on Thursday, July 9th. Weiss Ratings raised shares of Alibaba Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 2nd. JPMorgan Chase & Co. lowered their price target on shares of Alibaba Group from $210.00 to $200.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Nomura lowered their price target on shares of Alibaba Group from $207.00 to $178.00 and set a “buy” rating on the stock in a research report on Thursday, June 25th. Two equities research 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $182.89.

Insider Activity

In other news, Director Joseph Tsai bought 720,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was purchased at an average price of $14.29 per share, with a total value of $10,288,800.00. Following the purchase, the director owned 114,979,168 shares of the company’s stock, valued at $1,643,052,310.72. This trade represents a 0.63% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Siying Yu sold 6,764 shares of the business’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $13.58, for a total transaction of $91,855.12. Following the completion of the transaction, the general counsel directly owned 613,965 shares of the company’s stock, valued at $8,337,644.70. The trade was a 1.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 999,971 shares of company stock worth $13,563,304 in the last quarter. Corporate insiders own 12.50% of the company’s stock.

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.