Harbor Investment Advisory LLC Sells 66,049 Shares of Alibaba Group Holding Limited $BABA

Harbor Investment Advisory LLC trimmed its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 98.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 1,248 shares of the specialty retailer’s stock after selling 66,049 shares during the period. Harbor Investment Advisory LLC’s holdings in Alibaba Group were worth $157,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its position in shares of Alibaba Group by 7,680.3% during the fourth 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 in the last quarter. Capital World Investors lifted its position in shares of Alibaba Group by 1,074.9% in the third quarter. Capital World Investors now owns 6,038,318 shares of the specialty retailer’s stock worth $1,079,229,000 after buying an additional 5,524,354 shares in the last quarter. Norges Bank purchased a new stake in shares of Alibaba Group in the fourth quarter worth about $594,477,000. Coatue Management LLC boosted its stake in Alibaba Group by 130.1% during the third quarter. Coatue Management LLC now owns 1,996,593 shares of the specialty retailer’s stock valued at $356,851,000 after buying an additional 1,128,826 shares during the last quarter. Finally, Altshuler Shaham Ltd bought a new position in Alibaba Group during the fourth quarter valued at approximately $160,410,000. Institutional investors own 13.47% of the company’s stock.

Insider Buying and Selling

In other news, CEO Fan (Fj) Jiang sold 13,579 shares of Alibaba Group stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $12.10, for a total transaction of $164,305.90. Following the completion of the sale, the chief executive officer directly owned 556,617 shares in the company, valued at approximately $6,735,065.70. This trade represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Siying Yu sold 6,772 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $12.10, for a total transaction of $81,941.20. Following the sale, the general counsel directly owned 607,234 shares of the company’s stock, valued at $7,347,531.40. This represents a 1.10% decrease in their ownership of the stock. 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. Insiders have sold a total of 920,303 shares of company stock worth $70,796,370 over the last ninety days. Corporate insiders own 12.50% of the company’s stock.

Trending Headlines about Alibaba Group

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

• Positive Sentiment: Alibaba’s AI efforts continue to generate strategic interest: its Elements Claw AI agent reportedly discovered four new superconductors, and Alibaba also joined Kuaishou’s Kling AI fundraise alongside Tencent, signaling ongoing investment in China’s AI ecosystem. Article: Alibaba, Tencent back Kuaishou’s Kling AI in $2.8 billion fundraise
• Positive Sentiment: Alibaba’s move to streamline internal AI work tools and tighten security around employee use of third-party AI products may be seen as a governance and data-protection step, which could help reassure investors over time. Article: Alibaba Streamlines AI Work Tools as Competition Mounts
• Neutral Sentiment: Brokerage-coverage and “investor attention” headlines suggest BABA remains a heavily watched stock, but they do not add much new fundamental information by themselves. Article: Alibaba Group Holding Limited (BABA) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Alibaba’s Damai International announced a new artist label and global initiative, which is a modest business update rather than a stock-moving catalyst. Article: Alibaba’s Damai International Introduces New Label, Launches Global Artist Initiative
• Negative Sentiment: Alibaba agreed to pay $600 million to settle U.S. allegations involving illegal pharmaceutical and chemical sales through its platforms, a major legal overhang that can weigh on sentiment and raise compliance concerns. Article: Alibaba to pay $600 million to U.S. for illegal pharmaceutical sales
• Negative Sentiment: Reports that President J. Michael Evans sold 720,000 shares add to a cautious tone, since large insider sales can be interpreted as reduced confidence, even if the sale may have been planned or tied to compensation. Article: Alibaba Group (NYSE:BABA) President Sells 720,000 Shares
• Negative Sentiment: Multiple headlines about Alibaba banning Anthropic’s Claude Code over alleged security or backdoor risks reinforce the idea of intensifying U.S.-China AI tensions and may keep investor sentiment cautious. Article: Alibaba to ban Claude Code in workplace over alleged backdoor risks, source says

Analysts Set New Price Targets

A number of analysts have issued reports on BABA shares. Zacks Research raised Alibaba Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Wall Street Zen upgraded Alibaba Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. 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 report on Thursday, May 14th. Morgan Stanley boosted their price target on shares of Alibaba Group from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Finally, Robert W. Baird decreased their price target 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. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $187.38.

Alibaba Group Stock Up 0.1%

Shares of NYSE BABA opened at $96.25 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $230.91 billion, a P/E ratio of 15.80, a PEG ratio of 1.67 and a beta of 0.51. Alibaba Group Holding Limited has a 1 year low of $91.99 and a 1 year high of $192.67. The firm has a 50-day simple moving average of $121.55 and a two-hundred day simple moving average of $137.98.

Alibaba Group (NYSE:BABA) last released its earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 EPS for the quarter. Alibaba Group had a return on equity of 4.76% and a net margin of 10.31%.The firm had revenue of $35.30 billion for the quarter. Research analysts anticipate that Alibaba Group Holding Limited will post 6.66 earnings per share for the current year.

Alibaba Group Announces Dividend

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

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.