HSBC Maintains Alibaba Group Holding Limited ADR (BABA) Buy Recommendation

On April 4, 2023,
HSBC
maintained
coverage of Alibaba Group Holding Limited ADR with
a Buy recommendation.

Analyst Price Forecast Suggests 50.01% Upside

As of March 31, 2023,
the average one-year price target for Alibaba Group Holding Limited ADR is $147.60.
The forecasts range from a low of $95.95 to a high of $231.00.
The average price target represents an increase of 50.01% from its latest reported closing price of $98.39.

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

The projected annual revenue for Alibaba Group Holding Limited ADR
is $991,825MM, an increase of 14.72%.

The projected annual non-GAAP EPS
is $62.78.

What are Large Shareholders Doing?

Goldman Sachs Group
holds 21,581K shares

representing 0.83% ownership of the company.

In it’s prior filing, the firm reported owning 24,903K shares, representing
a decrease
of 15.39%.

The firm

decreased

its portfolio allocation in BABA by 7.60% over the last quarter.

Primecap Management
holds 17,279K shares

representing 0.67% ownership of the company.

In it’s prior filing, the firm reported owning 17,386K shares, representing
a decrease
of 0.62%.

The firm

increased

its portfolio allocation in BABA by 3.55% over the last quarter.

Dodge & Cox
holds 13,979K shares

representing 0.54% ownership of the company.

In it’s prior filing, the firm reported owning 14,174K shares, representing
a decrease
of 1.40%.

The firm

decreased

its portfolio allocation in BABA by 1.71% over the last quarter.

Hsbc Holdings
holds 13,086K shares

representing 0.51% ownership of the company.

In it’s prior filing, the firm reported owning 13,413K shares, representing
a decrease
of 2.50%.

The firm

decreased

its portfolio allocation in BABA by 24.35% over the last quarter.

JOHIX – JOHCM International Select Fund Institutional Shares
holds 11,630K shares

representing 0.45% ownership of the company.

In it’s prior filing, the firm reported owning 12,935K shares, representing
a decrease
of 11.23%.

The firm

decreased

its portfolio allocation in BABA by 17.00% over the last quarter.

What is the Fund Sentiment?

There are 1643 funds or institutions reporting positions in Alibaba Group Holding Limited ADR.

This is a decrease
of
6
owner(s) or 0.36% in the last quarter.

Average portfolio weight of all funds dedicated to BABA is 1.09%,
an increase
of 7.63%.

Total shares owned by institutions increased
in the last three months by 0.96% to 488,176K shares.

The put/call ratio of BABA is 0.48, indicating a

bullish
outlook.

Alibaba Group Holding Background Information
(This description is provided by the company.)

Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a good company that lasts for 102 years.

This story originally appeared on Fintel.

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