Alibaba Group Holding Limited $BABA Shares Sold by Massachusetts Financial Services Co. MA

Key Points

• Massachusetts Financial Services trimmed its Alibaba stake by 1.5% in Q3, selling 3,091 shares and leaving it with 203,807 shares valued at about $36.43 million.
• Several large institutions are adding to positions—Primecap now holds 20.76 million shares and Fisher Asset increased its stake—while Norges Bank bought a new stake worth roughly $527.2 million, signaling notable institutional interest.
• Alibaba reportedly formed a joint venture with state-owned CNNC to secure nuclear power for cloud and AI operations, a strategic infrastructure move that, along with analyst upgrades (Arete to Buy) and an average price target near $192.72, provides bullish catalysts for the stock.

Massachusetts Financial Services Co. MA cut its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 1.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 203,807 shares of the specialty retailer's stock after selling 3,091 shares during the period. Massachusetts Financial Services Co. MA's holdings in Alibaba Group were worth $36,426,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BABA. Primecap Management Co. CA raised its position in shares of Alibaba Group by 0.7% during the 2nd quarter. Primecap Management Co. CA now owns 20,764,276 shares of the specialty retailer's stock worth $2,354,877,000 after purchasing an additional 140,579 shares during the last quarter. Fisher Asset Management LLC increased its stake in Alibaba Group by 8.0% during the 2nd quarter. Fisher Asset Management LLC now owns 5,267,441 shares of the specialty retailer's stock worth $597,381,000 after buying an additional 390,883 shares in the last quarter. Norges Bank purchased a new stake in Alibaba Group during the 2nd quarter worth approximately $527,243,000. Discerene Group LP raised its holdings in shares of Alibaba Group by 0.6% during the second quarter. Discerene Group LP now owns 2,985,487 shares of the specialty retailer's stock valued at $338,584,000 after acquiring an additional 18,400 shares during the last quarter. Finally, AMF Tjanstepension AB lifted its position in shares of Alibaba Group by 8.7% in the second quarter. AMF Tjanstepension AB now owns 2,691,686 shares of the specialty retailer's stock valued at $305,728,000 after acquiring an additional 216,571 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Key Alibaba Group News

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

• Positive Sentiment: Alibaba reportedly formed a joint venture with state-owned China National Nuclear Corporation (CNNC) to secure nuclear-generated power for its cloud and AI operations — a move that addresses data-center energy constraints, supports large-scale AI compute, and signals strong government-aligned infrastructure backing. Alibaba forms JV with Chinese state-owned nuclear developer CNNC - report
• Positive Sentiment: Multiple outlets report the same nuclear partnership framing it as securing low-carbon, stable power explicitly for Alibaba’s AI expansion — reinforcing the scale and resilience of Alibaba Cloud’s infrastructure strategy. Alibaba Teams With China’s Nuclear Leader to Power AI Expansion
• Positive Sentiment: Arete Research upgraded BABA from Neutral to Buy and set a $190 price target (~12.6% upside from current levels), a near-term catalyst that can attract momentum buyers and institutional interest. Finviz
• Neutral Sentiment: Coverage of China’s “agentic commerce” trend highlights Alibaba’s large opportunity to embed AI chatbots across Taobao/Tmall for shopping and payments — this expands addressable market but also raises execution expectations. Chinese tech giants enter the 'agentic commerce' race as AI reshapes super apps
• Negative Sentiment: Coverage noting ByteDance’s stepped-up AI cloud push is pressuring Alibaba shares, underscoring rising competition in AI infrastructure and cloud services in China that could weigh on margins and market share. ‘AI War Heats Up’: Alibaba Stock (BABA) Slips as ByteDance Ramps Up AI Cloud Push
• Positive Sentiment: Longer-term bullish commentary (Fool, 247WallSt) reiterates recovery thesis: improving regulatory backdrop, founder Jack Ma’s return boosting investor confidence, and attractive valuation relative to growth prospects in AI/cloud. Where Will Alibaba Stock Be in 5 Years?

Alibaba Group Stock Performance

Alibaba Group stock opened at $168.67 on Thursday. The firm has a 50 day simple moving average of $156.23 and a 200-day simple moving average of $149.07. The stock has a market cap of $402.68 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 3.49 and a beta of 0.37. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46. Alibaba Group Holding Limited has a 1-year low of $84.42 and a 1-year high of $192.67.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BABA. Freedom Capital downgraded Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 6th. Barclays increased their target price on shares of Alibaba Group from $190.00 to $195.00 and gave the company an "overweight" rating in a research report on Wednesday, November 26th. Zacks Research downgraded shares of Alibaba Group from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 14th. CLSA upped their price objective on shares of Alibaba Group from $155.00 to $200.00 and gave the company an "outperform" rating in a research note on Thursday, October 2nd. Finally, Wall Street Zen lowered shares of Alibaba Group from a "hold" rating to a "sell" rating in a research note on Friday, November 28th. Eighteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $192.72.

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.

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