Strs Ohio Cuts Holdings in Alibaba Group Holding Limited $BABA

Strs Ohio trimmed its position in Alibaba Group Holding Limited (NYSE:BABA) by 22.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 289,494 shares of the specialty retailer’s stock after selling 84,313 shares during the quarter. Strs Ohio’s holdings in Alibaba Group were worth $36,320,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Ameriflex Group Inc. boosted its position in shares of Alibaba Group by 101.4% during the 3rd quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 72 shares during the last quarter. Foster Dykema Cabot & Partners LLC bought a new stake in Alibaba Group in the third quarter worth $30,000. Palisade Asset Management LLC purchased a new stake in Alibaba Group during the third quarter valued at $37,000. Costello Asset Management INC bought a new position in Alibaba Group during the fourth quarter valued at $34,000. Finally, Palladiem LLC purchased a new position in shares of Alibaba Group in the 4th quarter worth $38,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BABA shares. Wall Street Zen upgraded shares of Alibaba Group from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Nomura lowered 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. Morgan Stanley boosted their price objective on Alibaba Group from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Mizuho upped their price objective on Alibaba Group from $190.00 to $195.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Finally, DZ Bank downgraded 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. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $187.38.

Trending Headlines about Alibaba Group

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

Insider Buying and Selling at Alibaba Group

In other news, CEO Fan (Fj) Jiang sold 13,579 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 $164,305.90. Following the completion of the sale, the chief executive officer directly owned 556,617 shares of the company’s stock, valued at approximately $6,735,065.70. The trade was a 2.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Hong Xu sold 175,054 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $12.15, for a total transaction of $2,126,906.10. Following the sale, the chief financial officer directly owned 280,496 shares of the company’s stock, valued at $3,408,026.40. This represents a 38.43% decrease in their ownership of the stock. 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. In the last 90 days, insiders sold 920,303 shares of company stock valued at $70,796,370. 12.50% of the stock is owned by company insiders.

Alibaba Group Stock Up 0.1%

Shares of NYSE:BABA opened at $96.25 on Friday. The firm has a market capitalization of $230.91 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 1.67 and a beta of 0.51. The business has a 50 day simple moving average of $121.55 and a two-hundred day simple moving average of $137.98. Alibaba Group Holding Limited has a 1 year low of $91.99 and a 1 year high of $192.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.28 and a quick ratio of 1.28.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share for the quarter. Alibaba Group had a return on equity of 4.76% and a net margin of 10.31%.The firm had revenue of $35.30 billion for the quarter. On average, equities analysts predict that Alibaba Group Holding Limited will post 6.66 EPS for the current year.

Alibaba Group Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Monday, July 13th. Shareholders of record on Thursday, June 11th will be paid a $1.05 dividend. The ex-dividend date is Thursday, June 11th. This represents a yield of 93.0%. Alibaba Group’s dividend payout ratio (DPR) is presently 16.91%.

About Alibaba Group

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.