Matthews International Capital Management LLC cut its stake in shares of Alibaba Group Holding Limited (NYSE:BABA – Free Report) by 66.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,699 shares of the specialty retailer’s stock after selling 26,655 shares during the period. Alibaba Group makes up 0.2% of Matthews International Capital Management LLC’s holdings, making the stock its 29th biggest holding. Matthews International Capital Management LLC’s holdings in Alibaba Group were worth $1,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Strategic Investment Solutions Inc. IL acquired a new stake in Alibaba Group during the 2nd quarter worth approximately $27,000. Concord Wealth Partners boosted its holdings in Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 155 shares in the last quarter. Decker Retirement Planning Inc. acquired a new stake in Alibaba Group during the 4th quarter worth $31,000. Highline Wealth Partners LLC purchased a new stake in shares of Alibaba Group in the 3rd quarter valued at about $36,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Alibaba Group during the 2nd quarter worth approximately $38,000. 13.47% of the stock is owned by hedge funds and other institutional investors.
Alibaba Group Trading Up 0.9 %
NYSE:BABA opened at $89.98 on Tuesday. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $117.82. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $85.54 and a 200-day simple moving average of $88.27. The company has a market capitalization of $214.32 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 0.37 and a beta of 0.30.
Analysts Set New Price Targets
Several research analysts have issued reports on the stock. Robert W. Baird raised their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Bank of America lifted their target price on shares of Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. StockNews.com cut shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Barclays lowered their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Finally, Benchmark reissued a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $115.13.
Get Our Latest Research Report on BABA
Alibaba Group Profile
Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.
Read More
- Five stocks we like better than Alibaba Group
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Sizing Up a New Opportunity for NVIDIA Investors
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- Is DeepSeek Challenging NVIDIA’s AI Dominance?
- P/E Ratio Calculation: How to Assess Stocks
- The 3 Biggest M&A Stock Opportunities for 2025
Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABA – Free Report).
Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.