Pinpoint Asset Management Singapore Pte. Ltd. Has $919,000 Stock Position in Alibaba Group Holding Limited $BABA

Pinpoint Asset Management Singapore Pte. Ltd. lowered its position in Alibaba Group Holding Limited (NYSE:BABA) by 54.1% during the fourth quarter, Holdings Channel reports. The firm owned 6,272 shares of the specialty retailer’s stock after selling 7,405 shares during the period. Pinpoint Asset Management Singapore Pte. Ltd.’s holdings in Alibaba Group were worth $919,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BABA. Bleakley Financial Group LLC lifted its stake in shares of Alibaba Group by 0.4% in the fourth quarter. Bleakley Financial Group LLC now owns 16,420 shares of the specialty retailer’s stock valued at $2,407,000 after buying an additional 67 shares in the last quarter. Ameriflex Group Inc. lifted its stake in shares of Alibaba Group by 101.4% in the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 72 shares in the last quarter. Highline Wealth Partners LLC lifted its stake in shares of Alibaba Group by 20.7% in the fourth quarter. Highline Wealth Partners LLC now owns 426 shares of the specialty retailer’s stock valued at $62,000 after buying an additional 73 shares in the last quarter. TrueWealth Financial Partners lifted its stake in shares of Alibaba Group by 1.7% in the third quarter. TrueWealth Financial Partners now owns 4,361 shares of the specialty retailer’s stock valued at $779,000 after buying an additional 75 shares in the last quarter. Finally, Cypress Wealth Services LLC lifted its position in shares of Alibaba Group by 5.6% during the fourth quarter. Cypress Wealth Services LLC now owns 1,418 shares of the specialty retailer’s stock valued at $208,000 after purchasing an additional 75 shares in the last quarter. 13.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Barclays raised their price target on shares of Alibaba Group from $186.00 to $195.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. BNP Paribas Exane assumed coverage on shares of Alibaba Group in a research report on Wednesday, April 29th. They set an “outperform” rating and a $209.00 price target on the stock. Jefferies Financial Group dropped their price target on shares of Alibaba Group from $225.00 to $212.00 and set a “buy” rating on the stock in a research report on Thursday, March 19th. Susquehanna raised their price target on shares of Alibaba Group from $170.00 to $185.00 and gave the company a “positive” rating in a research report on Friday, May 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of Alibaba Group from $200.00 to $205.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $188.76.

Alibaba Group Stock Up 0.0%

BABA opened at $112.71 on Friday. The firm has a market capitalization of $270.39 billion, a P/E ratio of 18.51, a PEG ratio of 1.93 and a beta of 0.47. 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 Holding Limited has a fifty-two week low of $103.71 and a fifty-two week high of $192.67. The company’s 50-day moving average is $130.07 and its 200 day moving average is $143.93.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 EPS for the quarter. The business had revenue of $35.30 billion for the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.76%. Research analysts expect that Alibaba Group Holding Limited will post 6.75 earnings per share for the current fiscal year.

Alibaba Group Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Monday, July 13th. Shareholders of record on Thursday, June 11th will be given a $1.05 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a yield of 93.0%. Alibaba Group’s payout ratio is currently 16.91%.

More Alibaba Group News

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 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.