Bernstein Upgrades Alibaba’s Outlook Amid Mixed Fund Sentiment

Fintel reports that on February 25, 2025, Bernstein upgraded their outlook for Alibaba Group Holding Limited – Depositary Receipt (NYSE:BABA) from Market Perform to Outperform.

Analyst Price Forecast Indicates 7.72% Downside

As of February 19, 2025, the average one-year price target for Alibaba Group Holding Limited – Depositary Receipt is $123.67 per share. Forecasts vary, with a low of $85.85 and a high of $163.80. The average price target suggests a decrease of 7.72% from its latest reported closing price of $134.01 per share.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Alibaba Group Holding Limited – Depositary Receipt is $1,089,219 million, reflecting an increase of 10.94%. Additionally, the projected annual non-GAAP EPS is 69.64.

Fund Sentiment Overview

Currently, 1,589 funds or institutions report positions in Alibaba Group Holding Limited – Depositary Receipt, representing a decrease of 17 owners, or 1.06%, in the last quarter. The average portfolio weight of all funds dedicated to BABA stands at -7.50%, marking a significant increase of 1,048.17%. Over the last three months, total shares owned by institutions decreased by 5.42% to 477,981K shares. Notably, the put/call ratio of BABA is 0.49, indicating a bullish outlook.

Institutional Investor Activity

QCSTRX – Stock Account Class R1 currently holds 29,991K shares. In the firm’s prior filing, they reported owning 32,111K shares, indicating a decrease of 7.07%. The firm increased its portfolio allocation in BABA by 33.14% over the last quarter.

Primecap Management holds 21,955K shares, up from 21,918K shares previously, representing an increase of 0.17%. However, they decreased their portfolio allocation in BABA by 15.69% during the last quarter.

Dodge & Cox currently owns 14,470K shares, down from 18,087K shares, marking a substantial decrease of 25.00%. Their portfolio allocation for BABA was reduced by 34.22% over the last quarter.

TEQKX – TIAA-CREF Emerging Markets Equity Index Fund Retail Class holds 13,446K shares, compared to 13,444K shares in its previous filing, representing a slight increase of 0.01%. The firm increased its allocation in BABA by 18.93% over the last quarter.

JPMorgan Chase reports holding 12,994K shares, down from 13,984K shares, which reflects a decrease of 7.62% in their holdings. This firm also decreased its portfolio allocation in BABA by 27.25% over the past quarter.

Background on Alibaba Group Holding

Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce, envisioning a space where customers can meet, work, and live at Alibaba. Its goal is to be a robust company that endures for 102 years.

Fintel is a comprehensive investing research platform available to individual investors, traders, financial advisors, and small hedge funds.

The platform provides data covering global fundamentals, analyst reports, ownership and fund sentiment, options sentiment, and insider trading, along with option flow, unusual options trades, and more. Our exclusive Stock picks are powered by advanced, backtested quantitative models for improved profitability.

Click to learn more.

This story originally appeared on Fintel.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.