DAVENPORT & Co LLC Decreases Stake in Alibaba Group Holding Limited $BABA

DAVENPORT & Co LLC lessened its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 57.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,490 shares of the specialty retailer’s stock after selling 24,652 shares during the period. DAVENPORT & Co LLC’s holdings in Alibaba Group were worth $2,710,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Ameriflex Group Inc. grew its stake in shares of Alibaba Group by 101.4% during the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 72 shares in the last quarter. Mather Group LLC. purchased a new position in Alibaba Group in the third quarter valued at $30,000. Foster Dykema Cabot & Partners LLC acquired a new stake in Alibaba Group in the third quarter valued at $30,000. NBT Bank N A NY raised its stake in Alibaba Group by 231.5% in the third quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 125 shares in the last quarter. Finally, Palisade Asset Management LLC purchased a new stake in Alibaba Group during the 3rd quarter worth about $37,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Stock Down 2.2%

BABA opened at $122.71 on Friday. Alibaba Group Holding Limited has a 52 week low of $95.73 and a 52 week high of $192.67. The business has a 50 day moving average price of $149.79 and a two-hundred day moving average price of $157.95. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The company has a market cap of $292.96 billion, a PE ratio of 23.15, a P/E/G ratio of 3.18 and a beta of 0.43.

Alibaba Group News Summary

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

• Positive Sentiment: Sources say Alibaba plans to place orders for Huawei’s new AI chip after successful testing, which could lower costs, deepen Alibaba’s domestic AI stack and reduce dependence on foreign chips. Exclusive: Huawei’s new AI chip find favour with ByteDance, Alibaba which plan to place orders, sources say
• Positive Sentiment: Analyst support: Argus recently upgraded BABA (leading to a short-term uptick), reflecting some analyst conviction in the stock despite near-term headwinds. Alibaba Group (NYSE:BABA) Upgraded at Argus
• Positive Sentiment: Zacks moved BABA from “strong sell” to “hold,” reducing immediate sell-side pressure and signaling improved sentiment from that broker. Zacks Research upgrade
• Positive Sentiment: Product/AI progress: Alibaba is rolling out “Accio,” an agentic AI for automating supply-chain tasks for SMBs — a sign management is pushing AI-driven revenue opportunities. BABA’s Accio Pushes AI From Chat to Execution
• Neutral Sentiment: Price-target dynamics: Susquehanna cut its price target to $170 (citing heavy AI spending) but kept a positive stance — mixed signal: upside remains but margin risks persist. Price target lowered to $170
• Neutral Sentiment: Valuation context: Recent analyses highlight Alibaba’s AI/cloud push and regulatory changes (e.g., delivery rules) as offsetting factors to heavy investment-driven margin pressure — longer-term story still depends on cloud/AI execution. Assessing Alibaba Group Holding valuation after China’s delivery rules and new AI chip and cloud push
• Negative Sentiment: Analyst estimate cuts: Erste Group reduced FY2026 and FY2027 EPS forecasts materially, signaling weaker near-term profit expectations and adding downward pressure on sentiment. MarketBeat: Analyst estimate changes
• Negative Sentiment: Zacks added BABA to its Rank #5 (Strong Sell) list — a headline that can trigger short-term selling and amplify volatility despite other upgrades. New Strong Sell Stocks for March 27th
• Negative Sentiment: Profit pressure: Coverage and headlines note heavy AI spending has driven a steep profit decline and prompted price-target cuts — this underpins the negative near-term earnings narrative. Alibaba Price Target Slashed to $170 as Heavy AI Spending Drags Profits Down 67%

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BABA. Susquehanna lowered their price objective on Alibaba Group from $190.00 to $170.00 and set a “positive” rating for the company in a research report on Thursday. Weiss Ratings lowered Alibaba Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. JPMorgan Chase & Co. decreased their target price on Alibaba Group from $215.00 to $205.00 and set an “overweight” rating for the company in a research note on Friday, March 20th. Mizuho dropped their price target on shares of Alibaba Group from $195.00 to $190.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th. Finally, Arete Research raised shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 price objective on the stock in a report on Wednesday, January 21st. Sixteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.89.

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.