4,839 Shares in Alibaba Group Holding Limited $BABA Acquired by Spartan Wealth Advisory Services LLC

Spartan Wealth Advisory Services LLC bought a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the first quarter, HoldingsChannel reports. The institutional investor bought 4,839 shares of the specialty retailer’s stock, valued at approximately $607,000.

Several other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC boosted its stake in shares of Alibaba Group by 40.4% during the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock valued at $289,000 after acquiring an additional 981 shares during the last quarter. AQR Capital Management LLC acquired a new position in Alibaba Group in the 1st quarter valued at about $254,000. Bank of Nova Scotia raised its stake in Alibaba Group by 313.0% in the 2nd quarter. Bank of Nova Scotia now owns 21,778 shares of the specialty retailer’s stock valued at $2,470,000 after purchasing an additional 16,505 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in Alibaba Group in the 2nd quarter valued at about $1,613,000. Finally, Ieq Capital LLC lifted its holdings in Alibaba Group by 51.9% in the 2nd quarter. Ieq Capital LLC now owns 70,060 shares of the specialty retailer’s stock valued at $7,946,000 after purchasing an additional 23,925 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

BABA has been the subject of a number of recent research reports. BNP Paribas Exane initiated coverage on shares of Alibaba Group in a report on Wednesday, April 29th. They set an “outperform” rating and a $209.00 price target for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Alibaba Group in a research note on Wednesday, May 27th. Susquehanna raised their target price 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. Zacks Research raised shares of Alibaba Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Finally, Argus upgraded Alibaba Group to a “hold” rating in a report on Tuesday, March 24th. Two investment 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $186.90.

Alibaba Group Trading Up 0.1%

NYSE BABA opened at $115.04 on Monday. The company has a market cap of $275.75 billion, a P/E ratio of 18.89, a P/E/G ratio of 2.12 and a beta of 0.51. Alibaba Group Holding Limited has a 12 month low of $91.99 and a 12 month 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. The company has a 50-day moving average of $116.66 and a 200-day moving average of $135.13.

Alibaba Group (NYSE:BABA) last released its earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.76%. The business had revenue of $35.30 billion for the quarter. As a group, equities analysts predict that Alibaba Group Holding Limited will post 6.28 earnings per share for the current year.

Alibaba Group Announces Dividend

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

Key Stories Impacting Alibaba Group

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

• Positive Sentiment: China approved Apple Intelligence for use on iPhones and other Apple devices in the country, with Alibaba’s Qwen model as a key partner. That strengthens Alibaba’s position in AI and could create a meaningful catalyst for growth. Apple Intelligence approved for launch in China with Alibaba and Baidu
• Positive Sentiment: Analysts continue to view Alibaba favorably overall, with reports noting an average “Moderate Buy” recommendation. Alibaba Group Holding Limited Given Average Recommendation of “Moderate Buy” by Analysts
• Positive Sentiment: Wall Street commentary around China’s push for broader, lower-cost AI and new model launches such as Kimi K3 is reinforcing interest in the Chinese AI sector, which can spill over positively to Alibaba as a leading domestic AI name. What Is Kimi K3? The Chinese AI Model That Has Wall Street Talking
• Neutral Sentiment: Erste Group trimmed its FY2028 earnings estimate slightly for Alibaba and also nudged down FY2027 estimates, reflecting a more cautious near-term outlook rather than a major deterioration. Erste Group Bank lowered Alibaba earnings estimates
• Neutral Sentiment: Alibaba’s online travel unit reportedly cut jobs as business conditions remain weak, pointing to internal cost pressure and uneven performance in parts of the company. Alibaba’s Online Travel Arm Slashes Jobs as Business Struggles
• Negative Sentiment: Separate law firms have announced investor investigations into Alibaba, adding legal overhang and uncertainty that can weigh on the shares. Alibaba Investor News from Rosen Law Firm
• Negative Sentiment: Another legal investigation was announced by Pomerantz LLP, reinforcing concerns about potential securities claims and headline risk for BABA. Pomerantz Law Firm Investigates Claims On Behalf of Investors of Alibaba Group Holding Limited – BABA

Insider Activity 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 $6,735,065.70. The trade was a 2.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 company’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $94.95, for a total value of $68,364,000.00. Following the sale, the president owned 28,000 shares of the company’s stock, valued at approximately $2,658,600. The trade was a 96.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 920,303 shares of company stock worth $70,796,370. 12.50% of the stock is owned by corporate insiders.

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.