Platinum Investment Management Ltd. Trims Holdings in Alibaba Group Holding Limited $BABA

Platinum Investment Management Ltd. trimmed its position in Alibaba Group Holding Limited (NYSE:BABA) by 59.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,333 shares of the specialty retailer’s stock after selling 7,773 shares during the quarter. Platinum Investment Management Ltd.’s holdings in Alibaba Group were worth $782,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Banco Santander S.A. raised its stake in shares of Alibaba Group by 22.7% in the fourth quarter. Banco Santander S.A. now owns 43,145 shares of the specialty retailer’s stock worth $6,324,000 after purchasing an additional 7,970 shares during the last quarter. Solstein Capital LLC raised its stake in shares of Alibaba Group by 77.2% in the fourth quarter. Solstein Capital LLC now owns 26,367 shares of the specialty retailer’s stock worth $3,865,000 after purchasing an additional 11,486 shares during the last quarter. Wealthspire Advisors LLC raised its stake in shares of Alibaba Group by 162.2% in the fourth quarter. Wealthspire Advisors LLC now owns 7,613 shares of the specialty retailer’s stock worth $1,116,000 after purchasing an additional 4,709 shares during the last quarter. Allianz SE raised its stake in shares of Alibaba Group by 80.4% in the fourth quarter. Allianz SE now owns 44,576 shares of the specialty retailer’s stock worth $6,534,000 after purchasing an additional 19,866 shares during the last quarter. Finally, Circle Wealth Management LLC raised its stake in shares of Alibaba Group by 5.5% in the fourth quarter. Circle Wealth Management LLC now owns 14,816 shares of the specialty retailer’s stock worth $2,172,000 after purchasing an additional 773 shares during the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wall Street Zen upgraded Alibaba Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Barclays lifted their price target on Alibaba Group from $186.00 to $195.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Argus upgraded Alibaba Group to a “hold” rating in a research report on Tuesday, March 24th. Susquehanna lifted their price target on Alibaba Group from $170.00 to $185.00 and gave the company a “positive” rating in a research report on Friday, May 15th. Finally, DZ Bank cut Alibaba Group from a “buy” rating to a “hold” rating and set a $135.00 price target for the company. in a research report on Friday, March 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $188.76.

Alibaba Group News Summary

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

• Positive Sentiment: Alibaba reportedly offered about $1.5 billion to buy grocery delivery firm Pupu, a move that would expand its instant-retail and grocery push and sharpen its competition with Meituan. Alibaba Bids $1.5B for Pupu to Challenge Meituan in Grocery Delivery
• Positive Sentiment: Several recent analyst notes remain constructive, with price targets clustering well above the current trading range, suggesting some investors still see meaningful upside.
• Neutral Sentiment: Alibaba also named a new CEO for DingTalk after internal debate over AI strategy, signaling ongoing management changes but not an immediate financial impact. Alibaba Names 34-Year-Old Tech Geek as DingTalk’s New CEO
• Negative Sentiment: Beijing reportedly criticized discount-heavy promotions during the 618 shopping festival, adding fresh regulatory risk for Alibaba and other Chinese e-commerce leaders. Alibaba and JD Slide After Beijing Rebuke
• Negative Sentiment: Two securities-fraud law firms announced continuing investigations into Alibaba, which can further hurt sentiment by raising litigation and governance concerns. Securities Fraud Investigation Into Alibaba Group Holding Ltd. (BABA) Continues
• Negative Sentiment: The stock is also being weighed by reports that Alibaba was added to a U.S. Defense Department list of companies linked to China’s military, which could increase institutional caution toward the ADR. Is Alibaba Group Holding Limited (BABA) A Good Stock To Buy Now?

Alibaba Group Stock Up 0.0%

Shares of BABA stock opened at $112.71 on Friday. The stock has a 50 day moving average of $130.07 and a 200 day moving average of $143.93. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.21. The stock has a market cap of $270.39 billion, a P/E ratio of 18.51, a P/E/G ratio of 1.93 and a beta of 0.47. Alibaba Group Holding Limited has a twelve month low of $103.71 and a twelve month high of $192.67.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results 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%. As a group, sell-side analysts expect that Alibaba Group Holding Limited will post 6.75 EPS for the current year.

Alibaba Group Announces Dividend

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