Inspire Trust Co. N.A. raised its stake in Alibaba Group Holding Limited (NYSE:BABA – Free Report) by 44.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,000 shares of the specialty retailer’s stock after purchasing an additional 15,000 shares during the period. Inspire Trust Co. N.A.’s holdings in Alibaba Group were worth $5,269,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Cornerstone Wealth Management LLC grew its position in shares of Alibaba Group by 52.8% in the third quarter. Cornerstone Wealth Management LLC now owns 4,727 shares of the specialty retailer’s stock valued at $508,000 after purchasing an additional 1,634 shares during the last quarter. AlphaCore Capital LLC increased its stake in shares of Alibaba Group by 9.2% during the third quarter. AlphaCore Capital LLC now owns 2,445 shares of the specialty retailer’s stock worth $263,000 after purchasing an additional 205 shares during the period. Private Management Group Inc. lifted its holdings in Alibaba Group by 0.8% during the 3rd quarter. Private Management Group Inc. now owns 212,078 shares of the specialty retailer’s stock worth $22,807,000 after purchasing an additional 1,731 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Alibaba Group by 15.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 33,969 shares of the specialty retailer’s stock worth $3,650,000 after purchasing an additional 4,436 shares during the last quarter. Finally, rebel Financial LLC acquired a new stake in Alibaba Group during the 3rd quarter worth approximately $231,000. 13.47% of the stock is owned by institutional investors.
Insider Transactions at Alibaba Group
In related news, Director Joseph Tsai acquired 720,000 shares of the company’s stock in a transaction on Monday, August 24th. The stock was purchased at an average cost of $14.29 per share, with a total value of $10,288,800.00. Following the acquisition, the director directly owned 114,979,168 shares of the company’s stock, valued at approximately $1,643,052,310.72. The trade was a 0.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yongming Wu bought 350,000 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were bought at an average price of $14.24 per share, with a total value of $4,984,000.00. Following the completion of the transaction, the chief executive officer owned 1,364,418 shares in the company, valued at approximately $19,429,312.32. This trade represents a 34.50% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders sold 999,971 shares of company stock worth $13,563,304. Corporate insiders own 12.50% of the company’s stock.
Alibaba Group News Summary
Here are the key news stories impacting Alibaba Group this week:
- Positive Sentiment: Alibaba said T-Head has approval to proceed with a spin-off and has confidentially filed to list in Hong Kong. A separate listing could give investors direct exposure to its data-center chip business and help highlight the value of Alibaba’s AI assets, though the reports provide no valuation or offering details. Reuters article: Alibaba chip unit T-Head files confidential Hong Kong IPO application
- Positive Sentiment: Alibaba is also drawing attention for providing cloud and AI infrastructure for the Dakar 2026 Summer Youth Olympic Games, a showcase that could support its cloud business and brand visibility. Yahoo Finance article: Alibaba Group Holding lands Olympic cloud deal
- Negative Sentiment: Investors may remain cautious ahead of the November 19 results. Recent coverage points to pressure on earnings from increased technology investment, alongside softer sentiment toward Chinese technology shares; results could clarify the effect of that spending on profitability. Quiver Quant article: Alibaba slides as investors turn cautious ahead of November 19 results
Alibaba Group Stock Down 2.6%
Shares of BABA opened at $102.67 on Wednesday. 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 Holding Limited has a 12 month low of $91.99 and a 12 month high of $181.10. The firm’s 50 day moving average is $107.78 and its 200-day moving average is $124.35. The stock has a market capitalization of $255.43 billion, a PE ratio of 24.86, a P/E/G ratio of 1.36 and a beta of 0.44.
Alibaba Group (NYSE:BABA – Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The specialty retailer reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.94 by ($0.68). The company had revenue of $39.64 billion during the quarter, compared to the consensus estimate of $39.52 billion. Alibaba Group had a net margin of 7.00% and a return on equity of 4.79%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $14.75 earnings per share. Equities research analysts forecast that Alibaba Group Holding Limited will post 5.79 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Jefferies Financial Group restated a “buy” rating and issued a $192.00 price target on shares of Alibaba Group in a research note on Thursday, October 8th. Weiss Ratings upgraded Alibaba Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. Susquehanna increased their price objective on Alibaba Group from $185.00 to $190.00 and gave the stock a “positive” rating in a research report on Friday, August 28th. Robert W. Baird dropped their target price on Alibaba Group from $164.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, August 21st. Finally, Wells Fargo & Company set a $190.00 target price on shares of Alibaba Group in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Alibaba Group presently has an average rating of “Moderate Buy” and an average price target of $183.26.
Get Our Latest Stock Analysis on BABA
Alibaba Group Profile
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.
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