Alibaba Group Holding Limited (NYSE:BABA) Holdings Lifted by NTV Asset Management LLC

NTV Asset Management LLC boosted its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 62.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,258 shares of the specialty retailer's stock after acquiring an additional 2,408 shares during the quarter. NTV Asset Management LLC's holdings in Alibaba Group were worth $827,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Marcum Wealth LLC boosted its position in shares of Alibaba Group by 3.2% during the first quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer's stock valued at $363,000 after purchasing an additional 86 shares in the last quarter. Institute for Wealth Management LLC. boosted its position in shares of Alibaba Group by 1.1% during the first quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer's stock valued at $1,134,000 after purchasing an additional 93 shares in the last quarter. Rings Capital Management LLC boosted its position in shares of Alibaba Group by 1.4% during the fourth quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer's stock valued at $602,000 after purchasing an additional 100 shares in the last quarter. HM Payson & Co. boosted its position in shares of Alibaba Group by 41.7% during the first quarter. HM Payson & Co. now owns 340 shares of the specialty retailer's stock valued at $45,000 after purchasing an additional 100 shares in the last quarter. Finally, Global Endowment Management LP boosted its position in shares of Alibaba Group by 1.4% during the fourth quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer's stock valued at $642,000 after purchasing an additional 106 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BABA. Morgan Stanley set a $180.00 price target on Alibaba Group in a report on Wednesday, May 14th. Arete Research cut Alibaba Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 24th. Mizuho reduced their price target on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Wall Street Zen lowered Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Finally, Arete lowered Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price target for the company. in a research note on Tuesday, June 24th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $154.13.

Alibaba Group Price Performance

Shares of BABA stock traded up $1.70 during midday trading on Tuesday, reaching $107.97. 11,267,680 shares of the company traded hands, compared to its average volume of 19,947,915. The firm's 50 day simple moving average is $118.95 and its two-hundred day simple moving average is $114.20. Alibaba Group Holding Limited has a 1-year low of $72.95 and a 1-year high of $148.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market cap of $257.64 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 0.47 and a beta of 0.22.

Alibaba Group Cuts Dividend

The company also recently disclosed a -- dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a $0.95 dividend. The ex-dividend date is Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's dividend payout ratio is currently 13.83%.

Alibaba Group Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.