Truist Financial Corp Has $12.22 Million Position in Alibaba Group Holding Limited $BABA

Truist Financial Corp cut its position in Alibaba Group Holding Limited (NYSE:BABA) by 19.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 68,368 shares of the specialty retailer’s stock after selling 16,694 shares during the period. Truist Financial Corp’s holdings in Alibaba Group were worth $12,219,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BABA. Norges Bank bought a new position in Alibaba Group during the second quarter worth about $527,243,000. Alkeon Capital Management LLC bought a new stake in shares of Alibaba Group in the second quarter worth about $184,291,000. Clear Street LLC acquired a new stake in shares of Alibaba Group during the second quarter worth about $58,503,000. National Bank of Canada FI lifted its holdings in shares of Alibaba Group by 373.5% during the 2nd quarter. National Bank of Canada FI now owns 602,233 shares of the specialty retailer’s stock valued at $68,294,000 after purchasing an additional 475,053 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of Alibaba Group by 8.0% in the 2nd quarter. Fisher Asset Management LLC now owns 5,267,441 shares of the specialty retailer’s stock valued at $597,381,000 after purchasing an additional 390,883 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Key Alibaba Group News

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

• Positive Sentiment: Alibaba’s chip unit T-Head unveiled the self-developed AI chip Zhenwu 810E, which the company says completes its AI “golden triangle” (chip, cloud, models). This strengthens Alibaba’s cloud/AI moat and reduces reliance on foreign suppliers. Alibaba’s T-Head unveils self-developed AI chip Zhenwu 810E
• Positive Sentiment: Alibaba struck a major logistics deal (~$2 billion) to deploy Robovans and is consolidating logistics and autonomous-driving units (Zelos), aiming to cut delivery costs and scale automated fulfillment — a long-term cost-saver that supports margins if execution succeeds. Alibaba Reshapes Logistics With $2 Billion Robovan Deal
• Neutral Sentiment: Alibaba and ByteDance plan new AI model launches for Lunar New Year — shows intense domestic AI competition but also validates large addressable demand for Chinese generative-AI services. Competitive dynamics could spur adoption but also require continued spending. ByteDance and Alibaba to release new AI models for Lunar New Year – Information
• Neutral Sentiment: Media coverage of analyst ratings remains mixed; some Wall Street commentary is bullish on BABA’s long-term AI/cloud story but investors should treat upgrades/downgrades as sentiment drivers rather than fundamentals. Is It Worth Investing in Alibaba (BABA) Based on Wall Street’s Bullish Views?
• Negative Sentiment: Near-term margin pressure: Q2 FY26 results and analyst write-ups highlight modest revenue growth but steep margin erosion as competition and heavy AI/logistics spending weigh on profits — a key reason for today’s downward price move. BABA’s Margins Suffer From Stiff Competition: Time to Sell the Stock?

Wall Street Analyst Weigh In

BABA has been the topic of several research analyst reports. Barclays lifted their price target on shares of Alibaba Group from $190.00 to $195.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Citigroup upped their target price on shares of Alibaba Group from $218.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Arete Research raised Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Wednesday, January 21st. Benchmark restated a “buy” rating and issued a $195.00 price target on shares of Alibaba Group in a report on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Alibaba Group in a report on Wednesday, January 21st. Eighteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $195.17.

Alibaba Group Stock Down 2.6%

NYSE:BABA opened at $169.70 on Friday. Alibaba Group Holding Limited has a twelve month low of $95.73 and a twelve month high of $192.67. The firm has a market capitalization of $405.14 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 3.80 and a beta of 0.37. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average price is $158.58 and its two-hundred day moving average price is $152.27.

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.