Alibaba Group Holding Limited

New York Stock Exchange
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Slightly Bullish +15

ARGA Investment Management LP Cuts Position in Alibaba Group Holding ...

📉 ARGA Investment Management LP decreased its Alibaba holdings by 2.5% in Q1, selling 4,514 shares to retain a $21.66 million position.

📈 Capital World Investors increased its stake by 7.7% in Q4, adding 466,847 shares valued at $953.5 million.

📈 Northwestern Mutual Wealth Management Co. significantly lifted its position by 7,680.3% in the fourth quarter.

📈 Coatue Management LLC grew its stake by 130.1% in Q3, acquiring an additional 1.1 million shares.

📉 Nomura cut its price target from $207 to $178 while maintaining a 'buy' rating on the stock.

📈 Freedom Capital upgraded BABA to a 'strong-buy' rating in a research report released on April 24th.

📉 JPMorgan Chase raised its price target from $200 to $205 and assigned an 'overweight' rating.

💰 CFO Hong Xu sold 175,054 shares for tax withholding obligations, reducing his personal stake by 38.43%.

📊 The company reported $35.30 billion in revenue and $0.01 earnings per share for the quarter ended March 31st.

💵 Alibaba announced a $1.05 annual dividend with a record date of June 11th and a yield of 93%.

Bullish Signals
  • Capital World Investors increased its position by 7.7% in Q4, adding 466,847 shares valued at $953.5 million.
  • Northwestern Mutual Wealth Management Co. lifted its position by 7,680.3% in the fourth quarter.
  • Coatue Management LLC grew its stake by 130.1% in Q3, acquiring an additional 1.128 million shares.
  • Freedom Capital upgraded BABA to a 'strong-buy' rating with a target price of $170.
  • JPMorgan Chase raised its price target from $200 to $205 and assigned an 'overweight' rating.
  • Zacks Research upgraded the stock from a 'strong sell' rating to a 'hold' rating.
  • The company reported revenue of $35.30 billion for the most recent quarter.
Risk Factors
  • ARGA Investment Management LP decreased its holdings by 2.5% in the first quarter, selling 4,514 shares.
  • Nomura cut its price target on BABA from $207 to $178.
  • CFO Hong Xu sold 175,054 shares, representing a 38.43% decrease in his personal position.
  • CEO Fan Jiang sold 13,579 shares, resulting in a 2.38% decrease in his direct ownership.
  • Insiders collectively sold over 920,000 shares valued at $70.8 million in the last quarter.
  • Shares opened at $112.30, trading below the 50-day moving average of $118.89 and 200-day moving average of $136.48.
Full Analysis
ARGA Investment Management LP reduced its stake in Alibaba Group Holding Limited (NYSE:BABA) by 2.5% during the first quarter, selling 4,514 shares to hold a remaining position of 172,660 shares valued at $21.66 million. This reduction represents the firm's 27th largest holding, comprising 0.7% of its total portfolio. The article notes that while ARGA cut its position, several other major institutional investors increased their stakes in the fourth quarter, including Capital World Investors, Northwestern Mutual Wealth Management Co., Fisher Asset Management LLC, Norges Bank, and Coatue Management LLC. Equities analysts have provided mixed signals regarding BABA shares recently. Freedom Capital upgraded the stock to a 'strong-buy' rating with an implied target of $170, while Nomura lowered its price target from $207 to $178 but maintained a 'buy' rating. JPMorgan Chase raised its target to $205 with an 'overweight' rating, and Zacks Research upgraded the stock from 'strong sell' to 'hold'. The consensus average rating is currently 'Moderate Buy' with a target price of $186.90. Insider trading activity shows executives selling shares primarily for tax obligations related to equity vesting. CFO Hong Xu sold 175,054 shares at an average price of $12.15, reducing his direct ownership by 38.43%, while CEO Fan Jiang sold a smaller portion of his holdings. In the last quarter, insiders collectively sold over 920,000 shares valued at approximately $70.8 million. Financially, the company reported $0.01 earnings per share and $35.30 billion in revenue for the most recent quarter ending March 31st. The stock currently trades with a market capitalization of $269.61 billion and a price-to-earnings ratio of 18.44. Shares opened at $112.30, trading below its 50-day moving average of $118.89 and 200-day moving average of $136.48. The company recently announced an annual dividend of $1.05 per share with a record date of June 11th and a payout ratio of 16.91%.