Truist Financial Corp Cuts Stock Holdings in Alibaba Group Holding Limited $BABA

Truist Financial Corp lowered its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 13.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 59,087 shares of the specialty retailer’s stock after selling 9,281 shares during the period. Truist Financial Corp’s holdings in Alibaba Group were worth $8,661,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BABA. Brighton Jones LLC raised its stake in Alibaba Group by 40.4% during the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock worth $289,000 after purchasing an additional 981 shares during the period. AQR Capital Management LLC purchased a new position in Alibaba Group during the first quarter worth approximately $254,000. Bank of Nova Scotia raised its stake 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 worth $2,470,000 after purchasing an additional 16,505 shares during the period. Daiwa Securities Group Inc. purchased a new position in shares of Alibaba Group in the 2nd quarter valued at $1,613,000. Finally, Ieq Capital LLC raised its stake in shares of Alibaba Group by 51.9% in the 2nd 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 period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

BABA has been the topic of a number of research reports. Barclays cut their target price on shares of Alibaba Group from $190.00 to $186.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. JPMorgan Chase & Co. cut their target price on shares of Alibaba Group from $215.00 to $205.00 and set an “overweight” rating on the stock in a research note on Friday, March 20th. Robert W. Baird cut their target price on shares of Alibaba Group from $174.00 to $164.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th. Arete Research raised shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Wednesday, January 21st. Finally, Argus raised shares of Alibaba Group to a “hold” rating in a research note on Tuesday, March 24th. 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 assigned a Sell rating to the company. According to MarketBeat, Alibaba Group currently has an average rating of “Moderate Buy” and a consensus price target of $188.75.

Alibaba Group Stock Performance

Alibaba Group stock opened at $139.97 on Friday. Alibaba Group Holding Limited has a 12-month low of $103.71 and a 12-month high of $192.67. The company has a market capitalization of $335.79 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 2.44 and a beta of 0.50. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 1.33. The firm’s fifty day moving average price is $132.13 and its 200 day moving average price is $150.58.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Saturday, February 14th. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter. Alibaba Group had a net margin of 9.12% and a return on equity of 7.43%. The firm had revenue of $40.71 billion for the quarter. On average, research analysts forecast that Alibaba Group Holding Limited will post 4.32 EPS for the current fiscal year.

Key Alibaba Group News

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

• Positive Sentiment: BNP Paribas initiated coverage on Alibaba with an Outperform rating and a $209 price target, citing potential acceleration in cloud revenue growth. BNP Paribas Initiates Coverage of Alibaba Group Holding (BABA), Cites Potential Cloud Revenue Growth Acceleration
• Positive Sentiment: Another report highlighted Alibaba’s expanding cloud and AI footprint, including new data center regions and rising capital spending to support AI demand, which supports the long-term growth story. Alibaba Cloud And AI Expansion Reshapes Long Term Investor Trade Offs
• Positive Sentiment: Barclays and Erste Group updates also kept focus on Alibaba’s earnings outlook, with Erste trimming estimates only modestly, suggesting analysts still see meaningful profit potential. Wall Street Analysts Think Alibaba (BABA) Is a Good Investment: Is It?
• Neutral Sentiment: Alibaba said it is not involved in the reported U.S. probe into alleged Nvidia chip smuggling via Thailand, but the headlines may keep investors cautious until more details emerge. US suspects Nvidia chips smuggled to Alibaba via Thailand, Bloomberg News reports
• Neutral Sentiment: Reports that AI costs are rising for Alibaba and Tencent point to margin pressure in the near term, even as AI investment could support future growth. Tencent Earnings Growth Seen Slowing As AI Investments Double
• Negative Sentiment: Erste Group lowered its FY2026 and FY2027 earnings estimates for Alibaba, which can weigh on sentiment by signaling slightly weaker profit expectations. Alibaba Group Stock Performance

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.