BLKBRD Asset Management LP Sells 67,277 Shares of Alibaba Group Holding Limited $BABA

BLKBRD Asset Management LP reduced its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 77.1% during the fourth quarter, HoldingsChannel reports. The firm owned 19,995 shares of the specialty retailer’s stock after selling 67,277 shares during the period. Alibaba Group comprises 3.9% of BLKBRD Asset Management LP’s portfolio, making the stock its 18th biggest holding. BLKBRD Asset Management LP’s holdings in Alibaba Group were worth $2,931,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BABA. Brighton Jones LLC increased its position in Alibaba Group by 40.4% during the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock valued at $289,000 after acquiring an additional 981 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Alibaba Group during the first quarter valued at $254,000. Bank of Nova Scotia increased its position in Alibaba Group by 313.0% during the second quarter. Bank of Nova Scotia now owns 21,778 shares of the specialty retailer’s stock valued at $2,470,000 after acquiring an additional 16,505 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in Alibaba Group during the second quarter valued at $1,613,000. Finally, Ieq Capital LLC increased its position in Alibaba Group by 51.9% during the second quarter. Ieq Capital LLC now owns 70,060 shares of the specialty retailer’s stock valued at $7,946,000 after acquiring an additional 23,925 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of BABA opened at $110.99 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.21. The business has a 50-day simple moving average of $129.65 and a two-hundred day simple moving average of $143.17. The stock has a market cap of $266.27 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 1.93 and a beta of 0.47. Alibaba Group Holding Limited has a 52 week low of $103.71 and a 52 week high of $192.67.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 EPS for the quarter. The business had revenue of $35.30 billion during the quarter. Alibaba Group had a return on equity of 4.76% and a net margin of 10.31%. On average, analysts expect that Alibaba Group Holding Limited will post 6.75 EPS for the current year.

Alibaba Group Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Monday, July 13th. Shareholders of record on Thursday, June 11th will be given a $1.05 dividend. The ex-dividend date is Thursday, June 11th. This represents a yield of 93.0%. Alibaba Group’s dividend payout ratio is presently 16.91%.

Key Headlines Impacting Alibaba Group

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

• Positive Sentiment: Alibaba unveiled its first suite of AI models built for robots, signaling a push into “physical AI” and more advanced AI agents beyond chatbots. That could improve Alibaba’s long-term growth story in cloud and enterprise AI. Article Title
• Positive Sentiment: Reports also said billionaire investor Michael Burry boosted his Alibaba stake, highlighting confidence in the company’s AI capabilities and share buyback efforts. Article Title
• Positive Sentiment: Alibaba is reportedly considering a $1.5 billion bid for Chinese grocery delivery company Pupu, which could expand its presence in local commerce and logistics if completed. Article Title
• Neutral Sentiment: Alibaba also announced AI support tools for small and medium-sized businesses, reinforcing its push to monetize AI across its ecosystem, though the immediate stock impact is unclear. Article Title
• Negative Sentiment: Alibaba continues to face regulatory and geopolitical risks after the Pentagon blacklisted the company over alleged ties to the Chinese military; Alibaba denies the claim and says it will fight the designation. Article Title
• Negative Sentiment: Chinese regulators also rebuked Alibaba over misleading discount practices during the 618 shopping festival, adding to scrutiny of its retail operations and potentially weighing on sentiment. Article Title

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Mizuho upped their price objective on Alibaba Group from $190.00 to $195.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. HSBC upped their price objective on Alibaba Group from $172.00 to $180.00 in a research report on Thursday, May 14th. Susquehanna upped their price objective on Alibaba Group from $170.00 to $185.00 and gave the company a “positive” rating in a research report on Friday, May 15th. DZ Bank cut Alibaba Group from a “buy” rating to a “hold” rating and set a $135.00 price objective for the company. in a research report on Friday, March 20th. Finally, Zacks Research upgraded Alibaba Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $188.76.

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.