Alibaba Group Holding Limited $BABA Shares Sold by UG Investment Advisers Ltd.

UG Investment Advisers Ltd. lowered its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 40.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,919 shares of the specialty retailer’s stock after selling 86,896 shares during the period. Alibaba Group accounts for about 15.0% of UG Investment Advisers Ltd.’s investment portfolio, making the stock its 2nd largest position. UG Investment Advisers Ltd.’s holdings in Alibaba Group were worth $13,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Continuum Advisory LLC purchased a new position in shares of Alibaba Group in the second quarter worth $28,000. GK Wealth Management LLC purchased a new position in Alibaba Group during the third quarter valued at $32,000. Latitude Advisors LLC purchased a new position in Alibaba Group during the third quarter valued at $43,000. Silver Grove Financial Group Inc. grew its stake in Alibaba Group by 107.4% during the third quarter. Silver Grove Financial Group Inc. now owns 618 shares of the specialty retailer’s stock valued at $66,000 after acquiring an additional 320 shares in the last quarter. Finally, S&G Foundation bought a new stake in Alibaba Group in the 2nd quarter valued at $77,000. Institutional investors own 13.47% of the company’s stock.

Insider Transactions at Alibaba Group

In other Alibaba Group news, CEO Yongming Wu bought 350,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were purchased at an average cost of $14.24 per share, for a total transaction of $4,984,000.00. Following the transaction, the chief executive officer owned 1,364,418 shares of the company’s stock, valued at $19,429,312.32. This represents a 34.50% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Siying Yu sold 6,764 shares of the stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $13.58, for a total transaction of $91,855.12. Following the completion of the transaction, the general counsel directly owned 613,965 shares of the company’s stock, valued at approximately $8,337,644.70. The trade was a 1.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 999,971 shares of company stock worth $13,563,304. 12.50% of the stock is currently owned by corporate insiders.

Alibaba Group Stock Down 6.9%

NYSE BABA opened at $94.47 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market capitalization of $235.03 billion, a P/E ratio of 22.87, a P/E/G ratio of 1.29 and a beta of 0.44. Alibaba Group Holding Limited has a one year low of $91.99 and a one year high of $181.10. The stock has a 50 day moving average price of $107.21 and a 200-day moving average price of $123.61.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Friday, August 14th. The specialty retailer reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.94 by ($0.68). Alibaba Group had a return on equity of 4.79% and a net margin of 7.00%. The business had revenue of $39.64 billion during the quarter, compared to the consensus estimate of $39.52 billion. During the same quarter in the prior year, the firm posted $14.75 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts predict that Alibaba Group Holding Limited will post 5.89 EPS for the current fiscal year.

More Alibaba Group News

Here’s some of the latest news about BABA:

• Neutral Sentiment: Alibaba is pursuing a Hong Kong listing for semiconductor subsidiary T-Head. A separate listing could help showcase or fund its domestic chip business, though its prospects are complicated by the same U.S. chip-access concerns affecting the shares. Alibaba and Tencent shares fall on report of possible U.S. curbs
• Negative Sentiment: Reports that the U.S. Commerce Department is preparing rules to restrict Chinese AI firms from remotely accessing advanced chips hosted in overseas data centers raised concerns about Alibaba Cloud’s ability to obtain computing capacity. Alibaba risks a cloud setback from new U.S. AI chip rules
• Negative Sentiment: Additional scrutiny centers on reported links between Alibaba and Singapore-based Megaspeed International, an Nvidia partner. Allegations that financing through Singapore and Malaysia units was tied to acquiring Nvidia servers could heighten regulatory and reputational risks; the claims remain allegations. Report on Alibaba-Megaspeed financing links

Analyst Ratings Changes

Several analysts have commented on BABA shares. DZ Bank upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research note on Thursday. Susquehanna increased their price objective on shares of Alibaba Group from $185.00 to $190.00 and gave the company a “positive” rating in a report on Friday, August 28th. Robert W. Baird cut their price objective on Alibaba Group from $164.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 21st. Weiss Ratings raised Alibaba Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Finally, JPMorgan Chase & Co. decreased their target price on Alibaba Group from $210.00 to $200.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Alibaba Group currently has an average rating of “Moderate Buy” and a consensus price target of $183.53.

About Alibaba Group

Alibaba Group Holding Limited is a technology and commerce company founded in 1999 and headquartered in Hangzhou, China. It operates digital platforms that connect consumers, merchants, businesses and other participants in commerce. Its businesses include China-focused marketplaces such as Taobao and Tmall, international platforms including AliExpress and Alibaba.com, and Alibaba Cloud, which provides cloud computing and related technology services. The group also has operations in areas such as logistics, local services and digital media.