Maytree Asset Management Ltd Has $9.09 Million Holdings in Alibaba Group Holding Limited $BABA

Maytree Asset Management Ltd lifted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 78.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,832 shares of the specialty retailer’s stock after purchasing an additional 22,365 shares during the quarter. Alibaba Group comprises 8.2% of Maytree Asset Management Ltd’s investment portfolio, making the stock its 3rd biggest holding. Maytree Asset Management Ltd’s holdings in Alibaba Group were worth $9,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Verde Servicos Internacionais S.A. lifted its stake in shares of Alibaba Group by 6.9% in the second quarter. Verde Servicos Internacionais S.A. now owns 67,773 shares of the specialty retailer’s stock valued at $7,686,000 after buying an additional 4,373 shares in the last quarter. NTV Asset Management LLC raised its holdings in shares of Alibaba Group by 127.4% in the 3rd quarter. NTV Asset Management LLC now owns 15,143 shares of the specialty retailer’s stock worth $2,707,000 after acquiring an additional 8,484 shares during the last quarter. Ninety One UK Ltd acquired a new stake in shares of Alibaba Group in the 2nd quarter worth about $15,318,000. Marex Group plc purchased a new position in Alibaba Group during the 2nd quarter worth $17,139,000. Finally, Y Intercept Hong Kong Ltd grew its stake in shares of Alibaba Group by 197.0% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 34,225 shares of the specialty retailer’s stock worth $3,881,000 after acquiring an additional 22,701 shares in the last quarter. 13.47% of the stock is owned by institutional investors.

Key Alibaba Group News

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

• Positive Sentiment: Arete Research upgraded BABA from Neutral to Buy and set a $190 price target; the upgrade triggered an intraday rally as investors responded to improved analyst conviction. Article Title
• Positive Sentiment: Reports that Alibaba is preparing to restructure and list its AI chip arm, T?Head, have driven optimism that a spinoff/IPO could unlock value and position the company in the hot AI?accelerator market — multiple outlets cite people familiar with the plan. Article Title
• Positive Sentiment: Brokerage coverage is tilted favorable: a consensus “Moderate Buy” from brokerages reinforces the bullish analyst tone and supports investor interest. Article Title
• Neutral Sentiment: Multiple news outlets reported the T?Head IPO story and intraday share pops/pre?market rallies; these are market?reaction pieces rather than official filings — the long?term impact depends on deal structure, timing and regulatory filings. Article Title

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BABA shares. Zacks Research lowered shares of Alibaba Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. CLSA lifted their target price on shares of Alibaba Group from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Erste Group Bank upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Alibaba Group in a research report on Wednesday. Finally, Sanford C. Bernstein dropped their price target on Alibaba Group from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Wednesday, November 26th. Eighteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Alibaba Group has a consensus rating of “Moderate Buy” and a consensus target price of $192.72.

Alibaba Group Price Performance

Alibaba Group stock opened at $173.35 on Friday. Alibaba Group Holding Limited has a 12 month low of $86.48 and a 12 month high of $192.67. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.23. The business’s 50 day simple moving average is $156.97 and its 200 day simple moving average is $150.02. The company has a market cap of $413.85 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 3.73 and a beta of 0.37.

Alibaba Group 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.