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Alibaba stock rallied sharply in late August last year on reports that Beijing and U.S. regulators were close to an audit-inspection deal. Jack Ma and Joe Tsai have spent hundreds of millions of dollars to acquire Alibaba shares on the open market, signaling confidence in the company’s prospects. Alibaba co-founder Jack Ma has piled into the company’s shares, according to a report. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.

Alibaba’s relative strength line has been trending sharply lower after several months of underperformance vs. the S&P 500. Increased regulatory scrutiny has weighed on Alibaba and other Chinese stocks for the past couple of years. Besides a strict regulatory environment, Chinese stocks have also been dealing with a slowing economy. In early November 2020, Chinese authorities suspended the $34.5 billion Ant Group IPO in Shanghai and Hong Kong. The decision to suspend the IPO came after Shanghai exchange officials said the exchange would halt the listing due to the company’s inability to fulfill conditions amid changes in the regulatory environment. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes.

For its fiscal second-quarter ended Sept. 30, Alibaba reported adjusted earnings of $2.16 per share on sales of $31 billion. BABA stock analysts expected Alibaba to post adjusted earnings of $2.10 per share on sales of $31 billion, according to FactSet. Chinese internet giant Alibaba (BABA) on Thursday called off plans to spin off its cloud services business, citing U.S. restrictions on chip exports.

The company’s Bank of America stake did better, rising by almost 120% in that period. Remarkably, Daily Journal held the exact same amount of Bank of America, Wells Fargo, and US Bancorp shares a decade later, on December 30 last year. While it slashed its Posco position to 9,745 shares in the fourth quarter of 2014, it didn’t touch it again until the fourth quarter of 2022, when it exited the holding.

  1. Historical stock price data shows that BABA dropped by 49% in 2021, ending the year at $118.79 a share, as worries about the Chinese market and a sell-off in technology stocks in the US exerted further downward pressure.
  2. Based on an average trading volume of 20,570,000 shares, the short-interest ratio is presently 2.1 days.
  3. The company’s Bank of America stake did better, rising by almost 120% in that period.
  4. The Hang Seng Index also fared dismally, dropping 1,030 points to a 13-year low, following investor concern that the new government would stifle the economy and private enterprise.
  5. As the S&P 500 hits new highs, Chinese stocks are closing in on lows reached more than a decade ago.

Months later, it scrapped those plans, citing U.S. semiconductor export controls. Around the same time the spinoff was canceled, Ma in a regulatory filing said that he would sell 10 million shares worth $870 million. It’s important to keep in mind that stock markets remain extremely volatile, making it difficult to accurately make an alibaba share price forecast for the following few hours, and even harder to give long-term estimates.


173 employees have rated Alibaba Group Chief Executive Officer Daniel Yong Zhang on Daniel Yong Zhang has an approval rating of 87% among the company’s employees. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. The scores are automated trading based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.

These consumers represent the more affluent group of online Chinese consumers, especially female consumers from tier-1 and tier-2 cities. This phenomenon tells me that T-Mall is very entrenched among high net worth customers. He bet on Alibaba at the start of 2021, quadrupled his wager by the end of the year, then halved it the next quarter after souring on the Chinese e-commerce titan and deciding he’d made a mistake. On the other hand, the good news is that CIG as a whole has been something of a money sink for Alibaba.

Alibaba Group’s stock was trading at $77.51 at the beginning of 2024. Since then, BABA shares have decreased by 6.9% and is now trading at $72.17. In contrast, Alibaba has been very shareholder-friendly in terms of share buybacks. In May 2019, the company announced a two-year buyback of $6 billion, then expanded it to $10 billion in December 2020 and again in August 2021 to $15 billion. In March of 2022, Alibaba’s board authorized to upsize its share repurchase program again to $25 billion from $15 billion.

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Alibaba stock jumped 3% on Feb. 9 on news that the Alibaba Dharma Academy — a science- and technology-focused research institute — is working on ChatGPT-like dialogue robot. But Alibaba stock gave back early gains, weighed down by weakness in the broad market. The company said each business will have the ability raise outside funding and even pursue an IPO. According to report, the company would likely hold on to its cloud/artificial intelligence business and its giant e-commerce operations. Alibaba came under selling pressure on Sept. 11 after outgoing CEO Daniel Zhang unexpectedly stepped down as head of the company’ cloud business. Alibaba Group’s stock is owned by many different retail and institutional investors.

With China’s zero-Covid policy now cemented in the near term, along with government support for Vladimir Putin, a bearish sentiment might continue for tech stocks as investors stick to a risk-off mode. According to Zacks, Alibaba is expected to earn $8.87 a share in its current fiscal year 2024, up 12% compared to fiscal 2023, with growth slowing a bit in fiscal 2025, up 4% to $9.19. In April 2020, China regulators fined Alibaba $2.8 billion after an antimonopoly probe. At the time, it looked like BABA stock was ready to break out of a downtrend. It tried to rally above the 50-day line again in late April but sellers knocked the stock lower again.

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Tencent has bought back shares, but it has issued more shares to its employees with the exception of 2023. Therefore, Tencent’s share count has been steadily increasing for many years. The company is integrating AI into its digital retail technologies, including the development of unified core technology and solving language translation challenges. In the digital media entertainment segment, the company is using AI to create next-generation content and to achieve process-based digitalized film and TV show production capabilities. Alibaba enjoys quantifiable pricing power in this market segment, and the company has reported consistently higher renewal rates compared to many of its peers. These observations suggest that Alibaba is well-positioned to make the most of the expected growth in the cloud market.

Never profitable, the unit cost Alibaba $750 million in losses last year. By closing down at least one part of this business and keeping it in-house, Alibaba stands to lose less money on CIG. It’s not immediately clear whether Alibaba might get some tax benefits out of this, as might be the case for a U.S. company, for example, making a charitable donation of equipment to a public university. Although a full business separation may not be in the cards anymore, Alibaba continues to find ways to manage its business units independently, which should enable the company to unlock hidden value in the coming years. Below are the latest news stories about ALIBABA GROUP HOLDING LTD that investors may wish to consider to help them evaluate BABA as an investment opportunity.

About Alibaba Group Stock (NYSE:BABA)

Ma stepped down as the company’s chairman in 2019 and remains a big shareholder. Valuations in the Chinese stock market are collapsing in the new year, heaping more pressure on shares of some of the most respectable companies trading in the world’s second-largest economy. According to 18 analysts, the average rating for BABA stock is “Strong Buy.” The 12-month stock price forecast is $128.39, which is an increase of 77.90% from the latest price.

BABA stock gapped above its 50-day moving average on Nov.15, helped by a strong earnings report from Chinese internet giant (JD). Chinese stocks also found a bid after China retail sales and industrial production in October came in better than expected. 15 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Alibaba Group in the last year. The consensus among Wall Street equities research analysts is that investors should “moderate buy” BABA shares.

The company operates through seven segments including China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. In support of this point, a portion of T-Mall’s consumer base will never buy branded products on Pinduoduo because they think the platform is “too low” for their social status. To be clear, they will still buy cheap products from Pinduoduo, but when it comes to quality products, T-Mall is their first choice.