RWWM Inc. Has $271.22 Million Holdings in Alibaba Group Holding Limited $BABA

RWWM Inc. lowered its stake in Alibaba Group Holding Limited (NYSE:BABA) by 9.1% during the first quarter, HoldingsChannel.com reports. The firm owned 2,161,777 shares of the specialty retailer’s stock after selling 216,782 shares during the period. Alibaba Group makes up about 19.8% of RWWM Inc.’s holdings, making the stock its biggest holding. RWWM Inc.’s holdings in Alibaba Group were worth $271,217,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Hoey Investments Inc. increased its holdings in Alibaba Group by 95.2% in the first quarter. Hoey Investments Inc. now owns 205 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. Costello Asset Management INC acquired a new position in Alibaba Group in the fourth quarter valued at about $34,000. Palisade Asset Management LLC bought a new position in Alibaba Group during the third quarter worth about $37,000. Palladiem LLC bought a new position in Alibaba Group during the fourth quarter worth about $38,000. Finally, SJS Investment Consulting Inc. grew 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 worth $38,000 after buying an additional 300 shares during the period. 13.47% of the stock is currently owned by institutional investors.

More Alibaba Group News

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

• Positive Sentiment: Alibaba is being linked to a broader rally in AI names, with reports highlighting its partnership with Honor to build AI “agentic” devices and renewed investor interest in the company’s AI/cloud growth story. Alibaba to team up with Honor in race to build AI agentic devices
• Positive Sentiment: Market commentary suggests Alibaba may still trade at a discount to its intrinsic value, supported by AI cloud momentum and ongoing share buybacks, which could bolster bullish sentiment. Alibaba (BABA) Stock May Trade At A Discount After AI Cloud Rally
• Positive Sentiment: Recent articles note that Alibaba has been one of the stocks contributing to strong performance in leveraged ETFs tied to AI and tech gains, reflecting improving short-term momentum. 4 Best-Performing Leveraged ETFs of Last Week
• Neutral Sentiment: Alibaba remains a heavily watched stock, with new broker commentary and rising search interest suggesting traders are actively reassessing the name, but without a clear new catalyst in the note itself. Brokers Suggest Investing in Alibaba (BABA): Read This Before Placing a Bet
• Negative Sentiment: Pomerantz LLP said it is investigating claims on behalf of Alibaba investors, which can create legal overhang and pressure sentiment until more details are known. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Alibaba Group Holding Limited – BABA

Alibaba Group Stock Performance

BABA opened at $112.30 on Wednesday. The company has a market capitalization of $269.61 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 2.07 and a beta of 0.51. The business’s 50-day moving average price is $118.10 and its two-hundred day moving average price is $135.83. Alibaba Group Holding Limited has a 1 year low of $91.99 and a 1 year high of $192.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.28 and a quick ratio of 1.28.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share for the quarter. The company had revenue of $35.30 billion during the quarter. Alibaba Group had a return on equity of 4.76% and a net margin of 10.31%. Equities analysts expect that Alibaba Group Holding Limited will post 6.28 EPS for the current fiscal year.

Alibaba Group Dividend Announcement

The company also recently announced an annual dividend, which was paid on Monday, July 13th. Shareholders of record on Thursday, June 11th were paid a $1.05 dividend. The ex-dividend date was Thursday, June 11th. This represents a yield of 93.0%. Alibaba Group’s payout ratio is presently 16.91%.

Insider Activity

In other Alibaba Group news, President J. Michael Evans sold 720,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $94.95, for a total transaction of $68,364,000.00. Following the completion of the transaction, the president owned 28,000 shares of the company’s stock, valued at $2,658,600. This represents a 96.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Fang Jiang sold 4,898 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $12.09, for a total transaction of $59,216.82. Following the transaction, the insider directly owned 5,559,511 shares of the company’s stock, valued at $67,214,487.99. This represents a 0.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 920,303 shares of company stock worth $70,796,370. 12.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Susquehanna upped their price target on Alibaba Group from $170.00 to $185.00 and gave the company a “positive” rating in a research note on Friday, May 15th. BNP Paribas Exane initiated coverage on shares of Alibaba Group in a research note on Wednesday, April 29th. They set an “outperform” rating and a $209.00 price objective on the stock. DZ Bank cut shares of Alibaba Group from a “buy” rating to a “hold” rating and set a $135.00 price objective for the company. in a report on Friday, March 20th. Barclays upped 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, May 14th. Finally, HSBC set a $170.00 target price on shares of Alibaba Group in a report on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $186.90.

Alibaba Group Company 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.