12,649 Shares in Alibaba Group Holding Limited $BABA Bought by Frank Rimerman Advisors LLC

Key Points

• Frank Rimerman Advisors LLC acquired 12,649 Alibaba shares during the third quarter, worth approximately $1.36 million. Institutional investors own 13.47% of Alibaba’s stock.
• Insider activity was mixed: CEO Yongming Wu purchased 350,000 shares for about $4.98 million, while insider Fang Jiang sold 885,272 shares worth nearly $12 million.
• Analysts maintain a generally positive outlook, with Alibaba holding a consensus “Moderate Buy” rating and an average price target of $182.89, despite the company’s latest quarterly EPS missing estimates.

Frank Rimerman Advisors LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,649 shares of the specialty retailer's stock, valued at approximately $1,360,000.

Several other hedge funds have also recently bought and sold shares of BABA. Nykredit A S purchased a new stake in Alibaba Group during the second quarter worth $50,417,000. Pale Fire Capital SE acquired a new stake in Alibaba Group in the second quarter valued at $49,810,000. Candriam S.C.A. increased its position in shares of Alibaba Group by 104.6% in the first quarter. Candriam S.C.A. now owns 564,818 shares of the specialty retailer's stock valued at $70,862,000 after buying an additional 288,738 shares in the last quarter. Sei Investments Co. increased its position in shares of Alibaba Group by 63.5% in the first quarter. Sei Investments Co. now owns 573,409 shares of the specialty retailer's stock valued at $71,940,000 after buying an additional 222,666 shares in the last quarter. Finally, WCM Investment Management LLC increased its position in shares of Alibaba Group by 347.6% in the first quarter. WCM Investment Management LLC now owns 249,736 shares of the specialty retailer's stock valued at $30,463,000 after buying an additional 193,947 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alibaba Group

In other Alibaba Group news, insider Fang Jiang sold 885,272 shares of the firm's stock in a transaction dated 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 sale, the insider directly owned 4,679,097 shares of the company's stock, valued at $63,401,764.35. This trade represents a 15.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Yongming Wu purchased 350,000 shares of the firm's stock in a transaction on Monday, August 24th. The shares were purchased at an average cost of $14.24 per share, for a total transaction of $4,984,000.00. Following the completion of the purchase, the chief executive officer directly owned 1,364,418 shares in the company, valued at $19,429,312.32. The trade was a 34.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 999,971 shares of company stock worth $13,563,304 in the last ninety days. Company insiders own 12.50% of the company's stock.

Trending Headlines about Alibaba Group

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

• Positive Sentiment: AI and cloud remain major growth catalysts. Bernstein identified Alibaba as one of its top Chinese AI plays, while an analysis highlighted the potential for Alibaba Cloud to become a trillion-renminbi business by 2032. Cloud revenue and quick-commerce growth have reportedly been strong, although achieving the long-term opportunity will require substantial capital spending. Bernstein Says Tencent and Alibaba Stocks Are Its Top AI Plays in China Alibaba: Enough Fuel To Power The Trillion-RMB Cloud Machine
• Positive Sentiment: Alibaba is expanding AI across its commerce ecosystem. Management plans to embed AI throughout Taobao and Tmall merchant operations by 2027, which could improve advertising, merchandising, customer service, and operating efficiency. Alibaba to Embed AI Throughout Taobao and Tmall Merchant Operations in 2027
• Positive Sentiment: Singles’ Day preparations point to potentially stronger consumer activity. The company expects about one million brands to participate, raising hopes for promotional momentum and improved e-commerce results. Alibaba Sets Sights on Record-Breaking Singles’ Day
• Neutral Sentiment: Erste Group Bank raised its earnings estimates, and a comparison with Coupang emphasized Alibaba’s scale, global e-commerce position, cloud exposure, and profitability. However, these are longer-term considerations rather than immediate earnings catalysts. Erste Group Bank Boosts Earnings Estimates for Alibaba Group
• Negative Sentiment: Cybersecurity concerns may be weighing on sentiment. Researchers said AI agents operating on Tencent Cloud attempted to access Alibaba’s Amap, highlighting potential security and competitive risks. The report does not establish a confirmed breach, but it could increase scrutiny of Alibaba’s defenses and AI infrastructure. AI Agents on Tencent Cloud Try to Break Into Alibaba’s Amap
• Negative Sentiment: BABA underperformed the broader market in the latest session. Investors may remain cautious because AI and cloud expansion are increasing capital requirements, while traditional e-commerce growth and recent earnings performance have been less consistent.

Analyst Ratings Changes

Several research firms have recently issued reports on BABA. Benchmark reaffirmed a "buy" rating on shares of Alibaba Group in a research note on Thursday, August 20th. Sanford C. Bernstein reissued an "outperform" rating and issued a $165.00 price objective on shares of Alibaba Group in a research note on Monday, September 7th. Susquehanna raised their target price on shares of Alibaba Group from $185.00 to $190.00 and gave the company a "positive" rating in a report on Friday, August 28th. Barclays raised their target price on shares of Alibaba Group from $195.00 to $200.00 and gave the company an "overweight" rating in a report on Friday, August 21st. Finally, Jefferies Financial Group restated a "buy" rating and set a $192.00 target price on shares of Alibaba Group in a research report on Thursday, October 8th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Alibaba Group currently has a consensus rating of "Moderate Buy" and an average target price of $182.89.

Alibaba Group Stock Performance

NYSE BABA opened at $109.02 on Monday. Alibaba Group Holding Limited has a fifty-two week low of $91.99 and a fifty-two week high of $182.50. The stock has a market cap of $271.22 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 1.42 and a beta of 0.47. The business has a fifty day moving average of $114.36 and a 200-day moving average of $119.04. 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 - Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The specialty retailer reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.94 by ($0.68). The company had revenue of $39.64 billion during the quarter, compared to analysts' expectations of $39.52 billion. Alibaba Group had a net margin of 7.00% and a return on equity of 4.79%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $14.75 earnings per share. As a group, analysts predict that Alibaba Group Holding Limited will post 5.74 earnings per share for the current fiscal year.

About Alibaba Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.