Investment House LLC lessened its holdings in Alibaba Group Holding Limited (NYSE:BABA – Free Report) by 70.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 9,000 shares of the specialty retailer’s stock after selling 21,700 shares during the period. Investment House LLC’s holdings in Alibaba Group were worth $1,609,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the business. Norges Bank purchased a new stake in shares of Alibaba Group during the second quarter worth about $527,243,000. Alkeon Capital Management LLC bought a new position in Alibaba Group in the 2nd quarter worth approximately $184,291,000. Clear Street LLC purchased a new stake in Alibaba Group during the 2nd quarter valued at approximately $58,503,000. National Bank of Canada FI raised its position in shares of Alibaba Group by 373.5% during the second quarter. National Bank of Canada FI now owns 602,233 shares of the specialty retailer’s stock valued at $68,294,000 after buying an additional 475,053 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of Alibaba Group by 8.0% in the second quarter. Fisher Asset Management LLC now owns 5,267,441 shares of the specialty retailer’s stock worth $597,381,000 after buying an additional 390,883 shares in the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Alibaba Group from $240.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. CLSA raised their price objective on Alibaba Group from $155.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. Macquarie reiterated an “outperform” rating on shares of Alibaba Group in a research report on Tuesday, November 25th. Erste Group Bank upgraded Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Finally, Benchmark reaffirmed a “buy” rating and issued a $195.00 price objective on shares of Alibaba Group in a research note on Tuesday, November 25th. Eighteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $192.72.
Key Headlines Impacting Alibaba Group
Here are the key news stories impacting Alibaba Group this week:
- Positive Sentiment: Arete Research upgraded BABA from Neutral to Buy and set a $190 price target; the upgrade triggered an intraday rally as investors responded to improved analyst conviction. Article Title
- Positive Sentiment: Reports that Alibaba is preparing to restructure and list its AI chip arm, T‑Head, have driven optimism that a spinoff/IPO could unlock value and position the company in the hot AI‑accelerator market — multiple outlets cite people familiar with the plan. Article Title
- Positive Sentiment: Brokerage coverage is tilted favorable: a consensus “Moderate Buy” from brokerages reinforces the bullish analyst tone and supports investor interest. Article Title
- Neutral Sentiment: Multiple news outlets reported the T‑Head IPO story and intraday share pops/pre‑market rallies; these are market‑reaction pieces rather than official filings — the long‑term impact depends on deal structure, timing and regulatory filings. Article Title
Alibaba Group Trading Down 2.2%
Shares of NYSE BABA opened at $173.35 on Friday. Alibaba Group Holding Limited has a 1-year low of $86.48 and a 1-year high of $192.67. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46. The business’s 50 day moving average is $156.97 and its two-hundred day moving average is $150.02. The stock has a market capitalization of $413.85 billion, a P/E ratio of 23.94, a PEG ratio of 3.73 and a beta of 0.37.
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.
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