Alibaba Group Holding Limited $BABA Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its position in Alibaba Group Holding Limited (NYSE:BABA) by 77.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 15,310 shares of the specialty retailer’s stock after selling 53,310 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Alibaba Group were worth $1,921,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC raised its position in Alibaba Group by 40.4% in the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock valued at $289,000 after purchasing an additional 981 shares during the period. AQR Capital Management LLC acquired a new position in shares of Alibaba Group in the 1st quarter valued at $254,000. Bank of Nova Scotia grew its holdings in shares of Alibaba Group by 313.0% during the 2nd quarter. Bank of Nova Scotia now owns 21,778 shares of the specialty retailer’s stock worth $2,470,000 after purchasing an additional 16,505 shares during the period. Daiwa Securities Group Inc. purchased a new position in shares of Alibaba Group during the 2nd quarter worth $1,613,000. Finally, Ieq Capital LLC increased its position in shares of Alibaba Group by 51.9% during the 2nd quarter. Ieq Capital LLC now owns 70,060 shares of the specialty retailer’s stock worth $7,946,000 after purchasing an additional 23,925 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Insider Activity

In other Alibaba Group news, CEO Fan (Fj) Jiang sold 13,579 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $12.10, for a total value of $164,305.90. Following the completion of the transaction, the chief executive officer owned 556,617 shares of the company’s stock, valued at $6,735,065.70. This trade represents a 2.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President J. Michael Evans sold 720,000 shares of the business’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $94.95, for a total transaction of $68,364,000.00. Following the completion of the transaction, the president owned 28,000 shares of the company’s stock, valued at approximately $2,658,600. This trade represents a 96.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 920,303 shares of company stock worth $70,796,370 over the last 90 days. Company insiders own 12.50% of the company’s stock.

Analyst Ratings Changes

BABA has been the topic of a number of recent analyst reports. Zacks Research raised shares of Alibaba Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. DZ Bank cut shares of 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. Wall Street Zen raised shares of Alibaba Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Jefferies Financial Group decreased their price objective on shares of Alibaba Group from $225.00 to $212.00 and set a “buy” rating on the stock in a report on Thursday, March 19th. Finally, Susquehanna increased their price objective on shares of Alibaba Group from $170.00 to $185.00 and gave the stock a “positive” rating in a research report on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $186.90.

Alibaba Group Stock Performance

Shares of Alibaba Group stock opened at $111.26 on Friday. The stock has a market capitalization of $267.11 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 2.01 and a beta of 0.51. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.28 and a quick ratio of 1.28. The business has a 50-day moving average of $119.25 and a 200 day moving average of $136.65. Alibaba Group Holding Limited has a 12 month low of $91.99 and a 12 month high of $192.67.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter. The company 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%. As a group, sell-side analysts forecast that Alibaba Group Holding Limited will post 6.26 earnings per share for the current year.

Alibaba Group Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Monday, July 13th. Investors of record on Thursday, June 11th will be issued 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%.

Key Headlines Impacting Alibaba Group

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

• Positive Sentiment: Alibaba rallied after a leaked earnings preview pointed to a return to top-line growth in its core e-commerce business, which helped support pre-earnings optimism. Alibaba stock: Cathie Wood isn’t buying the AI hype
• Positive Sentiment: Reports that China may ease restrictions on advanced Nvidia H200 chip imports boosted the broader AI ecosystem, lifting Alibaba alongside other China tech names because easier access to high-end chips could aid AI development and cloud demand. AI Weekly: Samsung’s massive profits, Microsoft’s big layoffs
• Positive Sentiment: Market commentary highlighted Alibaba’s AI-first cloud investment thesis, with investors viewing its heavy capital spending as better justified by financial results and potential long-term cloud monetization. Alibaba stock just got a major boost as financials justify its CapEx
• Positive Sentiment: Alibaba benefited from a broader rally in Chinese AI and internet stocks, with investors rotating into the sector after a period of underperformance. Alibaba Stock Leads China AI Rally, Just as U.S. Tech Stumbles
• Neutral Sentiment: News that China could restrict global access to Alibaba’s AI models is a policy overhang, but the immediate market focus appears to be on the company’s growth outlook and AI momentum rather than a major direct earnings hit. China could restrict global access to Alibaba and ByteDance AI models as Beijing tightens its grip on advanced AI: report
• Negative Sentiment: Alibaba still faces securities-fraud investigation headlines, which can weigh on sentiment even if they have been overshadowed by the AI-driven rally. Securities Fraud Investigation Into Alibaba Group Holding Ltd. (BABA) Continues

Alibaba Group Company 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.