AMF Tjanstepension AB Sells 105,984 Shares of Alibaba Group Holding Limited $BABA

AMF Tjanstepension AB decreased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 4.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,120,021 shares of the specialty retailer’s stock after selling 105,984 shares during the quarter. Alibaba Group makes up 1.9% of AMF Tjanstepension AB’s holdings, making the stock its 15th largest holding. AMF Tjanstepension AB’s holdings in Alibaba Group were worth $310,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of the stock. Capital World Investors grew its holdings in shares of Alibaba Group by 1,074.9% in the 3rd quarter. Capital World Investors now owns 6,038,318 shares of the specialty retailer’s stock valued at $1,079,229,000 after acquiring an additional 5,524,354 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Alibaba Group by 7,680.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,014,147 shares of the specialty retailer’s stock valued at $881,554,000 after purchasing an additional 5,936,847 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Alibaba Group by 0.5% in the 3rd quarter. Fisher Asset Management LLC now owns 5,293,597 shares of the specialty retailer’s stock valued at $946,125,000 after purchasing an additional 26,156 shares during the last quarter. American Century Companies Inc. lifted its stake in Alibaba Group by 17.7% in the 3rd quarter. American Century Companies Inc. now owns 2,987,539 shares of the specialty retailer’s stock valued at $533,964,000 after purchasing an additional 448,484 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Alibaba Group by 8.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,028,659 shares of the specialty retailer’s stock valued at $362,582,000 after purchasing an additional 166,134 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Key Stories Impacting Alibaba Group

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

• Positive Sentiment: Alibaba is being re-rated as an AI growth story, with reports highlighting accelerating Cloud Intelligence growth and triple-digit AI revenue gains for multiple quarters, which could support a higher valuation over time. Alibaba: Now An AI Growth Stock
• Positive Sentiment: Several articles argue Alibaba may be entering a “new era” as it prioritizes AI and cloud expansion over short-term profitability, reinforcing the view that management is making strategic investments for future growth. Prediction: Alibaba Stock May Be Entering a New Era
• Positive Sentiment: Investor interest remains strong, with Zacks noting that Alibaba is trending among users as they weigh the stock’s prospects and AI-driven upside potential. Is Trending Stock Alibaba Group Holding Limited (BABA) a Buy Now?
• Neutral Sentiment: Alibaba’s latest quarterly update showed strong cloud and AI progress, but also confirmed that spending on AI and cloud infrastructure is squeezing margins in the near term. Alibaba Group Holding (BABA) Is Down 5.3% After Heavy AI And Cloud Spending Squeezes Margins
• Neutral Sentiment: Alibaba also filed a Form 13F and highlighted its WVR structure, a governance update that is unlikely to move the stock materially on its own. Alibaba Files Form 13F as Investment Manager, Highlights WVR Structure

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Zacks Research downgraded shares of Alibaba Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 22nd. Barclays raised their target price on shares of Alibaba Group from $186.00 to $195.00 and gave the company an “overweight” rating in a research note on Thursday. Morgan Stanley raised their target price on shares of Alibaba Group from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. BNP Paribas Exane assumed coverage on shares of Alibaba Group in a research note on Wednesday, April 29th. They issued an “outperform” rating and a $209.00 target price for the company. Finally, Erste Group Bank downgraded shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $188.76.

Alibaba Group Trading Up 0.5%

Shares of BABA stock opened at $133.30 on Tuesday. The firm has a 50 day moving average price of $131.70 and a two-hundred day moving average price of $148.86. The company has a quick ratio of 1.33, a current ratio of 1.28 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $319.78 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 2.30 and a beta of 0.50. Alibaba Group Holding Limited has a 12-month low of $103.71 and a 12-month high of $192.67.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $35.30 billion during the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.76%. As a group, analysts predict that Alibaba Group Holding Limited will post 6.67 earnings per share for the current year.

Alibaba Group Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Monday, July 13th. Shareholders of record on Thursday, June 11th will be given a dividend of $1.05 per share. The ex-dividend date is Thursday, June 11th. This represents a yield of 72.0%. Alibaba Group’s dividend payout ratio (DPR) is 15.60%.

About Alibaba Group

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.