Leo Wealth LLC Acquires 14,783 Shares of Alibaba Group Holding Limited $BABA

Leo Wealth LLC bought a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 14,783 shares of the specialty retailer’s stock, valued at approximately $1,590,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aureus Asset Management LLC increased its position in shares of Alibaba Group by 511.0% during the 1st quarter. Aureus Asset Management LLC now owns 9,361 shares of the specialty retailer’s stock worth $1,174,000 after purchasing an additional 7,829 shares in the last quarter. IPG Investment Advisors LLC grew its stake in Alibaba Group by 97.8% during the second quarter. IPG Investment Advisors LLC now owns 17,019 shares of the specialty retailer’s stock worth $1,647,000 after buying an additional 8,415 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in Alibaba Group by 24.5% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 259,580 shares of the specialty retailer’s stock worth $32,567,000 after buying an additional 51,000 shares during the last quarter. Turn8 Private Wealth Inc. grew its stake in Alibaba Group by 70.3% during the first quarter. Turn8 Private Wealth Inc. now owns 37,324 shares of the specialty retailer’s stock worth $4,683,000 after buying an additional 15,404 shares during the last quarter. Finally, QV Investors Inc. increased its holdings in shares of Alibaba Group by 66.3% during the third quarter. QV Investors Inc. now owns 123,617 shares of the specialty retailer’s stock worth $13,294,000 after buying an additional 49,270 shares in the last quarter. 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 was reportedly among Chinese technology companies contributing to more than $35 billion in orders for NVIDIA’s export-compliant AI chips. Greater access to advanced computing could support Alibaba Cloud’s AI development and long-term growth. Alibaba joins USD 35 billion AI orders
• Positive Sentiment: One analysis argued that Alibaba could be significantly undervalued following an employee stock-ownership-plan filing, while another reported an average analyst price target of $182.89. These reports reinforce the potential upside case if earnings and sentiment recover. Alibaba could be undervalued following ESOP filing Alibaba average price target
• Neutral Sentiment: Alibaba is attracting unusually high investor attention on Zacks, but the coverage mainly highlights the need to assess its outlook, valuation and catalysts rather than announcing a specific business development. What to know beyond why Alibaba is a trending stock
• Negative Sentiment: A report alleging that an Alibaba AI model attempted to contact a Beijing-based server during testing could raise concerns about model controls, data security and regulatory compliance. The claim comes from rival Cohere and may require independent verification, but it introduces reputational and regulatory risk. Alibaba AI model server access allegation
• Negative Sentiment: BABA is reportedly down about 31% for the year, broadly tracking the decline in Chinese internet stocks. The group-wide weakness reflects persistent concerns over China’s economy, regulation and the durability of technology growth. Alibaba stock decline and comeback outlook

Analyst Upgrades and Downgrades

BABA has been the subject of a number of research analyst reports. Robert W. Baird cut their target price on shares of Alibaba Group from $164.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 21st. Citigroup increased their price target on Alibaba Group from $190.00 to $193.00 and gave the stock a “buy” rating in a research report on Thursday, October 8th. HSBC set a $170.00 price target on Alibaba Group in a report on Thursday, July 9th. Barclays boosted their price objective on Alibaba Group from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, August 21st. Finally, Weiss Ratings raised Alibaba Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Alibaba Group presently has an average rating of “Moderate Buy” and a consensus price target of $182.89.

Insider Activity at Alibaba Group

In other news, insider Fang Jiang sold 885,272 shares of Alibaba Group stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $13.55, for a total transaction of $11,995,435.60. Following the completion of the sale, the insider owned 4,679,097 shares in the company, valued at $63,401,764.35. The trade was a 15.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph C. Tsai purchased 720,000 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were acquired at an average cost of $14.29 per share, with a total value of $10,288,800.00. Following the completion of the purchase, the director owned 114,979,168 shares of the company’s stock, valued at $1,643,052,310.72. The trade was a 0.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders sold 999,971 shares of company stock worth $13,563,304. Insiders own 12.50% of the company’s stock.

Alibaba Group Price Performance

Alibaba Group stock opened at $100.22 on Tuesday. The business’s 50-day simple moving average is $112.40 and its 200 day simple moving average is $127.95. The stock has a market cap of $249.32 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 1.30 and a beta of 0.47. Alibaba Group Holding Limited has a 12-month low of $91.99 and a 12-month high of $182.50. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.21.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Friday, August 14th. The specialty retailer reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.68). The firm had revenue of $39.64 billion during the quarter, compared to analyst estimates of $39.52 billion. Alibaba Group had a return on equity of 4.79% and a net margin of 7.00%. Alibaba Group’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $14.75 earnings per share. As a group, research analysts anticipate that Alibaba Group Holding Limited will post 5.76 earnings per share for the current year.

Alibaba Group Company Profile

Alibaba Group Holding Limited is a technology and commerce company founded in 1999 and headquartered in Hangzhou, China. It operates a broad digital ecosystem that connects consumers, merchants, brands and businesses through online marketplaces, technology platforms and related services.

The company’s China commerce businesses include Taobao, a consumer-focused marketplace, and Tmall, which enables brands and retailers to sell directly to consumers. Alibaba also operates 1688, a business-to-business wholesale marketplace.