Turn8 Private Wealth Inc. Has $4.68 Million Stake in Alibaba Group Holding Limited $BABA

Turn8 Private Wealth Inc. increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 70.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,324 shares of the specialty retailer’s stock after acquiring an additional 15,404 shares during the period. Alibaba Group comprises about 2.9% of Turn8 Private Wealth Inc.’s portfolio, making the stock its 14th biggest position. Turn8 Private Wealth Inc.’s holdings in Alibaba Group were worth $4,683,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. QRG Capital Management Inc. increased its stake in shares of Alibaba Group by 15.0% in the first quarter. QRG Capital Management Inc. now owns 43,469 shares of the specialty retailer’s stock valued at $5,454,000 after buying an additional 5,661 shares during the period. Osborne Partners Capital Management LLC boosted its position in Alibaba Group by 7.5% during the 1st quarter. Osborne Partners Capital Management LLC now owns 115,896 shares of the specialty retailer’s stock worth $14,540,000 after buying an additional 8,082 shares during the period. BIP Wealth LLC boosted its position in Alibaba Group by 17.6% during the 1st quarter. BIP Wealth LLC now owns 4,259 shares of the specialty retailer’s stock worth $534,000 after buying an additional 636 shares during the period. Baer Investment Advisory LLC bought a new stake in Alibaba Group during the 1st quarter worth approximately $601,000. Finally, Canal Capital Management LLC grew its holdings in Alibaba Group by 5.2% during the 1st quarter. Canal Capital Management LLC now owns 38,098 shares of the specialty retailer’s stock worth $4,780,000 after acquiring an additional 1,891 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group News Roundup

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

• Positive Sentiment: Alibaba’s AI efforts continue to generate strategic interest: its Elements Claw AI agent reportedly discovered four new superconductors, and Alibaba also joined Kuaishou’s Kling AI fundraise alongside Tencent, signaling ongoing investment in China’s AI ecosystem. Article: Alibaba, Tencent back Kuaishou’s Kling AI in $2.8 billion fundraise
• Positive Sentiment: Alibaba’s move to streamline internal AI work tools and tighten security around employee use of third-party AI products may be seen as a governance and data-protection step, which could help reassure investors over time. Article: Alibaba Streamlines AI Work Tools as Competition Mounts
• Neutral Sentiment: Brokerage-coverage and “investor attention” headlines suggest BABA remains a heavily watched stock, but they do not add much new fundamental information by themselves. Article: Alibaba Group Holding Limited (BABA) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Alibaba’s Damai International announced a new artist label and global initiative, which is a modest business update rather than a stock-moving catalyst. Article: Alibaba’s Damai International Introduces New Label, Launches Global Artist Initiative
• Negative Sentiment: Alibaba agreed to pay $600 million to settle U.S. allegations involving illegal pharmaceutical and chemical sales through its platforms, a major legal overhang that can weigh on sentiment and raise compliance concerns. Article: Alibaba to pay $600 million to U.S. for illegal pharmaceutical sales
• Negative Sentiment: Reports that President J. Michael Evans sold 720,000 shares add to a cautious tone, since large insider sales can be interpreted as reduced confidence, even if the sale may have been planned or tied to compensation. Article: Alibaba Group (NYSE:BABA) President Sells 720,000 Shares
• Negative Sentiment: Multiple headlines about Alibaba banning Anthropic’s Claude Code over alleged security or backdoor risks reinforce the idea of intensifying U.S.-China AI tensions and may keep investor sentiment cautious. Article: Alibaba to ban Claude Code in workplace over alleged backdoor risks, source says

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Argus raised shares of Alibaba Group to a “hold” rating in a research note on Tuesday, March 24th. HSBC increased their price objective on Alibaba Group from $172.00 to $180.00 in a report on Thursday, May 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Alibaba Group in a research report on Wednesday, May 27th. DZ Bank downgraded Alibaba Group from a “buy” rating to a “hold” rating and set a $135.00 target price on the stock. in a report on Friday, March 20th. Finally, Morgan Stanley increased their price target on Alibaba Group from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $187.38.

Alibaba Group Trading Up 0.1%

NYSE:BABA opened at $96.25 on Friday. Alibaba Group Holding Limited has a 52 week low of $91.99 and a 52 week high of $192.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.28 and a current ratio of 1.28. The firm’s fifty day moving average is $121.55 and its 200-day moving average is $137.98. The firm has a market cap of $230.91 billion, a P/E ratio of 15.80, a P/E/G ratio of 1.67 and a beta of 0.51.

Alibaba Group (NYSE:BABA) last announced its earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share for the quarter. The business had revenue of $35.30 billion during the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.76%. Equities analysts expect that Alibaba Group Holding Limited will post 6.66 earnings per share 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 of this dividend is Thursday, June 11th. This represents a dividend yield of 93.0%. Alibaba Group’s dividend payout ratio (DPR) is 16.91%.

Insider Buying and Selling

In other news, CFO Hong Xu sold 175,054 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $12.15, for a total value of $2,126,906.10. Following the transaction, the chief financial officer directly owned 280,496 shares of the company’s stock, valued at $3,408,026.40. The trade was a 38.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Fan (Fj) Jiang sold 13,579 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $12.10, for a total value of $164,305.90. Following the sale, the chief executive officer owned 556,617 shares in the company, valued at approximately $6,735,065.70. The trade was a 2.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 920,303 shares of company stock worth $70,796,370 over the last three months. Insiders own 12.50% of the company’s stock.

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.