State of Michigan Retirement System Decreases Holdings in Alibaba Group Holding Limited $BABA

State of Michigan Retirement System trimmed its position in Alibaba Group Holding Limited (NYSE:BABA) by 12.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 223,900 shares of the specialty retailer’s stock after selling 33,100 shares during the period. State of Michigan Retirement System’s holdings in Alibaba Group were worth $28,090,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. AMF Tjanstepension AB boosted its position in shares of Alibaba Group by 4.1% in the 1st quarter. AMF Tjanstepension AB now owns 2,206,634 shares of the specialty retailer’s stock worth $276,844,000 after purchasing an additional 86,613 shares in the last quarter. Triglav Investments D.O.O. increased its position in Alibaba Group by 90.3% during the 1st quarter. Triglav Investments D.O.O. now owns 54,230 shares of the specialty retailer’s stock valued at $6,806,000 after buying an additional 25,730 shares in the last quarter. J. Safra Sarasin Holding AG raised its stake in Alibaba Group by 2.4% in the first quarter. J. Safra Sarasin Holding AG now owns 6,689 shares of the specialty retailer’s stock valued at $839,000 after buying an additional 157 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in Alibaba Group by 24.5% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 259,580 shares of the specialty retailer’s stock valued at $32,567,000 after buying an additional 51,000 shares during the last quarter. Finally, Global Assets Advisory LLC acquired a new stake in Alibaba Group in the first quarter worth about $56,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alibaba Group

In related news, President J. Michael Evans sold 720,000 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were 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 $2,658,600. This trade represents a 96.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Siying Yu sold 6,772 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $12.10, for a total transaction of $81,941.20. Following the transaction, the general counsel owned 607,234 shares of the company’s stock, valued at $7,347,531.40. This represents a 1.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 920,303 shares of company stock valued at $70,796,370. 12.50% of the stock is owned by corporate insiders.

Alibaba Group Trading Down 0.0%

Shares of NYSE:BABA opened at $112.30 on Wednesday. Alibaba Group Holding Limited has a 52-week low of $91.99 and a 52-week high of $192.67. The stock has a market cap of $269.61 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 2.07 and a beta of 0.51. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $118.10 and a 200-day moving average price of $135.83.

Alibaba Group (NYSE:BABA) last released its earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 EPS for the quarter. The firm 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%. Equities analysts predict that Alibaba Group Holding Limited will post 6.28 EPS for the current year.

Alibaba Group Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Monday, July 13th. Stockholders of record on Thursday, June 11th were issued a $1.05 dividend. This represents a dividend yield of 93.0%. The ex-dividend date of this dividend was Thursday, June 11th. Alibaba Group’s dividend payout ratio is 16.91%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BABA. Susquehanna boosted their price target on Alibaba Group from $170.00 to $185.00 and gave the stock a “positive” rating in a research note on Friday, May 15th. Barclays lifted their target price on shares of Alibaba Group from $186.00 to $195.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Jefferies Financial Group dropped their target price 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. Weiss Ratings restated a “hold (c+)” rating on shares of Alibaba Group in a research note on Wednesday, May 27th. Finally, Nomura decreased their price target on shares of Alibaba Group from $207.00 to $178.00 and set a “buy” rating for the company in a report on Thursday, June 25th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Alibaba Group has an average rating of “Moderate Buy” and a consensus target price of $186.90.

More Alibaba Group News

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

• Positive Sentiment: Alibaba is being linked to a broader rally in AI names, with reports highlighting its partnership with Honor to build AI “agentic” devices and renewed investor interest in the company’s AI/cloud growth story. Alibaba to team up with Honor in race to build AI agentic devices
• Positive Sentiment: Market commentary suggests Alibaba may still trade at a discount to its intrinsic value, supported by AI cloud momentum and ongoing share buybacks, which could bolster bullish sentiment. Alibaba (BABA) Stock May Trade At A Discount After AI Cloud Rally
• Positive Sentiment: Recent articles note that Alibaba has been one of the stocks contributing to strong performance in leveraged ETFs tied to AI and tech gains, reflecting improving short-term momentum. 4 Best-Performing Leveraged ETFs of Last Week
• Neutral Sentiment: Alibaba remains a heavily watched stock, with new broker commentary and rising search interest suggesting traders are actively reassessing the name, but without a clear new catalyst in the note itself. Brokers Suggest Investing in Alibaba (BABA): Read This Before Placing a Bet
• Negative Sentiment: Pomerantz LLP said it is investigating claims on behalf of Alibaba investors, which can create legal overhang and pressure sentiment until more details are known. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Alibaba Group Holding Limited – BABA

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.