25,685 Alibaba Group Holding Limited $BABA Shares Sold by Sustainable Growth Advisers LP

Sustainable Growth Advisers LP reduced its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 12.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 173,685 shares of the specialty retailer’s stock after selling 25,685 shares during the quarter. Sustainable Growth Advisers LP’s holdings in Alibaba Group were worth $18,678,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Hoey Investments Inc. boosted its position in Alibaba Group by 95.2% in the first quarter. Hoey Investments Inc. now owns 205 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Continuum Advisory LLC bought a new position in Alibaba Group in the 2nd quarter valued at $28,000. GK Wealth Management LLC purchased a new stake in shares of Alibaba Group during the 3rd quarter valued at $32,000. SJS Investment Consulting Inc. increased its position in shares of Alibaba Group by 15,000.0% during the 1st quarter. SJS Investment Consulting Inc. now owns 302 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 300 shares during the last quarter. Finally, Global Assets Advisory LLC purchased a new stake in shares of Alibaba Group during the 1st quarter valued at $56,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $111.13 on Friday. The stock has a fifty day simple moving average of $114.74 and a two-hundred day simple moving average of $119.13. Alibaba Group Holding Limited has a 1-year low of $91.99 and a 1-year high of $182.50. The firm has a market cap of $276.46 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 1.45 and a beta of 0.47. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.21.

Alibaba Group (NYSE:BABA) last released its earnings results on Friday, August 14th. The specialty retailer reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.68). The firm had revenue of $39.64 billion during the quarter, compared to analysts’ expectations of $39.52 billion. Alibaba Group had a return on equity of 4.79% and a net margin of 7.00%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $14.75 earnings per share. Analysts anticipate that Alibaba Group Holding Limited will post 5.74 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BABA shares. Piper Sandler cut Alibaba Group to a “hold” rating in a research note on Thursday, October 8th. Susquehanna increased their price target on shares of Alibaba Group from $185.00 to $190.00 and gave the company a “positive” rating in a research report on Friday, August 28th. Barclays increased their price target on shares of Alibaba Group from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, August 21st. Nomura lowered their price objective 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. Finally, Citigroup lifted their price objective on shares of Alibaba Group from $190.00 to $193.00 and gave the stock a “buy” rating in a research report on Thursday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $182.89.

Insider Activity

In related news, General Counsel Siying Yu sold 6,764 shares of Alibaba Group stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $13.58, for a total value of $91,855.12. Following the completion of the sale, the general counsel owned 613,965 shares of the company’s stock, valued at approximately $8,337,644.70. This trade represents a 1.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Fang Jiang sold 885,272 shares of Alibaba Group stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $13.55, for a total value of $11,995,435.60. Following the completion of the sale, the insider directly owned 4,679,097 shares of the company’s stock, valued at approximately $63,401,764.35. This trade represents a 15.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 999,971 shares of company stock worth $13,563,304. 12.50% of the stock is owned by company insiders.

Key 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 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.