Benjamin Edwards Inc. Has $1.61 Million Stock Holdings in Alibaba Group Holding Limited $BABA

Market Beat
2026.05.07 07:17
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Benjamin Edwards Inc. increased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 95.8% in Q4, owning 10,981 shares valued at $1.61 million. Other institutional investors also adjusted their holdings, with notable increases from Bruce G. Allen Investments LLC and Richardson Financial Services Inc. Despite market challenges, positive sentiment surrounds Alibaba due to anticipated growth in cloud services and AI, although competitive pressures in the sector remain a concern. Recent analyst ratings have varied, with some downgrades and target price reductions noted.