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HSBC maintains buy recommendation for Alibaba Group Holding Limited ADR (BABA)

HSBC on April 4, 2023
maintained
Coverage of Alibaba Group Holding Limited ADR buy recommendation.

Analyst price forecast suggests a 50.01% gain

Average 1 year as of March 31, 2023 price target The ADR of Alibaba Group Holding Limited is $147.60. Predictions range from as low as $95.95 to as high as $231.00. The average price target represents a 50.01% increase from the latest reported closing price of $98.39.

see us corporate leaderboard Maximum price target upwards.

Alibaba Group Holding Limited’s ADR forecast annual revenue increased by 14.72% to $991,825 million. Projected annual non-GAAP EPS
It’s $62.78.

What do major shareholders do?

goldman sachs group
holds 21,581,000 shares representing 0.83% ownership of the company. In previous filings, the company reported he owned 24,903,000 shares.
Decrease
15.39%.office

decreased

Portfolio allocation at BABA increased by 7.60% last quarter.

Primecap management
It holds 17,279K shares representing a 0.67% ownership interest in the company. In previous filings, the company reported he owned 17,386,000 shares.
Decrease
0.62%.office

gain

Portfolio allocation at BABA increased 3.55% last quarter.

Dodge & Cox
It holds 13,979K shares representing a 0.54% ownership interest in the company. In previous filings, the company reported he owned 14,174,000 shares.
Decrease
1.40%.office

decreased

Portfolio allocation at BABA increased by 1.71% last quarter.

Hsbc Holdings
holds 13,086,000 shares representing a 0.51% ownership interest in the company. In previous filings, the company reported he owned 13,413,000 shares.
Decrease
2.50%.office

decreased

Portfolio allocation at BABA increased by 24.35% last quarter.

JOHIX – JOHCM International Select Fund Institutional Equity
It holds 11,630K shares representing a 0.45% ownership interest in the company. In previous filings, the company reported he owned 12,935,000 shares.
Decrease
11.23%.office

decreased

Portfolio allocation at BABA increased by 17.00% last quarter.

What is Fund Sentiment?

there is 1643 funds or institutions reporting positions ADR of Alibaba Group Holding Limited. That’s a decline of his six owners or 0.36% in the last quarter.Portfolio average weight of all funds BABA dedicated was 1.09%, an increase of 7.63%. The total number of shares owned by the institution has increased by 0.96% to his 488,176,000 shares in the past three months.of put/call ratio 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 commercial infrastructure of the future. We envision that our customers will meet, work and live in Alibaba, and become a good company that will last 102 years.

This story was originally Fintel.

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

Summarize this content to 100 words

HSBC on April 4, 2023
maintained
Coverage of Alibaba Group Holding Limited ADR buy recommendation.
Analyst price forecast suggests a 50.01% gain

Average 1 year as of March 31, 2023 price target The ADR of Alibaba Group Holding Limited is $147.60. Predictions range from as low as $95.95 to as high as $231.00. The average price target represents a 50.01% increase from the latest reported closing price of $98.39.
see us corporate leaderboard Maximum price target upwards.

Alibaba Group Holding Limited’s ADR forecast annual revenue increased by 14.72% to $991,825 million. Projected annual non-GAAP EPS
It’s $62.78.

What do major shareholders do?
goldman sachs group
holds 21,581,000 shares representing 0.83% ownership of the company. In previous filings, the company reported he owned 24,903,000 shares.
Decrease
15.39%.office

decreased

Portfolio allocation at BABA increased by 7.60% last quarter.

Primecap management
It holds 17,279K shares representing a 0.67% ownership interest in the company. In previous filings, the company reported he owned 17,386,000 shares.
Decrease
0.62%.office

gain

Portfolio allocation at BABA increased 3.55% last quarter.

Dodge & Cox
It holds 13,979K shares representing a 0.54% ownership interest in the company. In previous filings, the company reported he owned 14,174,000 shares.
Decrease
1.40%.office

decreased

Portfolio allocation at BABA increased by 1.71% last quarter.

Hsbc Holdings
holds 13,086,000 shares representing a 0.51% ownership interest in the company. In previous filings, the company reported he owned 13,413,000 shares.
Decrease
2.50%.office

decreased

Portfolio allocation at BABA increased by 24.35% last quarter.

JOHIX – JOHCM International Select Fund Institutional Equity
It holds 11,630K shares representing a 0.45% ownership interest in the company. In previous filings, the company reported he owned 12,935,000 shares.
Decrease
11.23%.office

decreased

Portfolio allocation at BABA increased by 17.00% last quarter.

What is Fund Sentiment?

there is 1643 funds or institutions reporting positions ADR of Alibaba Group Holding Limited. That’s a decline of his six owners or 0.36% in the last quarter.Portfolio average weight of all funds BABA dedicated was 1.09%, an increase of 7.63%. The total number of shares owned by the institution has increased by 0.96% to his 488,176,000 shares in the past three months.of put/call ratio 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 commercial infrastructure of the future. We envision that our customers will meet, work and live in Alibaba, and become a good company that will last 102 years.
This story was originally Fintel.

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

https://www.nasdaq.com/articles/hsbc-maintains-alibaba-group-holding-limited-adr-baba-buy-recommendation HSBC maintains buy recommendation for Alibaba Group Holding Limited ADR (BABA)

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