Alibaba Group Holding Limited $BABA Stock Sold by Maxi Investments CY Ltd

Key Points

• Maxi Investments CY Ltd cut its Alibaba stake by 61.1% in the third quarter, selling 65,900 shares and retaining 42,000 shares valued at approximately $4.5 million.
• Alibaba insiders sold nearly 1 million shares worth $13.6 million over the past 90 days, including substantial sales by insider Fang Jiang and CFO Hong Xu. Insiders still own 12.5% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and $182.89 price target, despite Alibaba’s recent earnings-per-share miss and shares trading well below their 12-month high.

Maxi Investments CY Ltd decreased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 61.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,000 shares of the specialty retailer's stock after selling 65,900 shares during the quarter. Maxi Investments CY Ltd's holdings in Alibaba Group were worth $4,517,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BABA. Hoey Investments Inc. raised its holdings in Alibaba Group by 95.2% in the 1st quarter. Hoey Investments Inc. now owns 205 shares of the specialty retailer's stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. Continuum Advisory LLC acquired a new position in shares of Alibaba Group during the 2nd quarter worth approximately $28,000. GK Wealth Management LLC acquired a new position in shares of Alibaba Group during the 3rd quarter worth approximately $32,000. SJS Investment Consulting Inc. boosted its holdings in shares of Alibaba Group by 15,000.0% during the 1st quarter. SJS Investment Consulting Inc. now owns 302 shares of the specialty retailer's stock worth $38,000 after purchasing an additional 300 shares during the last quarter. Finally, Global Assets Advisory LLC purchased a new stake in shares of Alibaba Group in the first quarter valued at approximately $56,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alibaba Group

In related news, insider Fang Jiang sold 885,272 shares of the company's stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $13.55, for a total value of $11,995,435.60. Following the transaction, the insider directly owned 4,679,097 shares in the company, valued at approximately $63,401,764.35. This represents a 15.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Hong Xu sold 103,046 shares of the stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $13.68, for a total value of $1,409,669.28. Following the completion of the transaction, the chief financial officer owned 406,450 shares of the company's stock, valued at $5,560,236. The trade was a 20.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 999,971 shares of company stock valued at $13,563,304 in the last ninety days. 12.50% of the stock is currently owned by corporate insiders.

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

Wall Street Analysts Forecast Growth

BABA has been the subject of several recent research reports. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $165.00 price target on shares of Alibaba Group in a report on Monday, September 7th. Citigroup boosted their price objective on Alibaba Group from $190.00 to $193.00 and gave the stock a "buy" rating in a research note on Thursday, October 8th. Jefferies Financial Group reissued a "buy" rating and set a $192.00 price objective on shares of Alibaba Group in a research note on Thursday, October 8th. JPMorgan Chase & Co. dropped their target price on Alibaba Group from $210.00 to $200.00 and set an "overweight" rating for the company in a report on Monday, October 12th. 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 research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $182.89.

Alibaba Group Price Performance

Shares of BABA stock opened at $100.22 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.36 and a quick ratio of 1.36. The company has a market capitalization of $249.32 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 1.30 and a beta of 0.47. The firm's 50-day moving average is $112.40 and its two-hundred day moving average is $127.95. Alibaba Group Holding Limited has a 12 month low of $91.99 and a 12 month high of $182.50.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The specialty retailer reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.94 by ($0.68). The firm 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 business's quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company earned $14.75 EPS. Analysts predict that Alibaba Group Holding Limited will post 5.76 earnings per share for the current 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.

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