NTV Asset Management LLC Has $827,000 Stake in Alibaba Group Holding Limited (NYSE:BABA)

NTV Asset Management LLC lifted its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 62.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,258 shares of the specialty retailer's stock after purchasing an additional 2,408 shares during the period. NTV Asset Management LLC's holdings in Alibaba Group were worth $827,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Marcum Wealth LLC boosted its stake in shares of Alibaba Group by 3.2% during the 1st quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer's stock valued at $363,000 after buying an additional 86 shares during the last quarter. Institute for Wealth Management LLC. boosted its stake in shares of Alibaba Group by 1.1% during the 1st quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer's stock valued at $1,134,000 after buying an additional 93 shares during the last quarter. Rings Capital Management LLC boosted its stake in shares of Alibaba Group by 1.4% during the 4th quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer's stock valued at $602,000 after buying an additional 100 shares during the last quarter. HM Payson & Co. boosted its stake in shares of Alibaba Group by 41.7% during the 1st quarter. HM Payson & Co. now owns 340 shares of the specialty retailer's stock valued at $45,000 after buying an additional 100 shares during the last quarter. Finally, Global Endowment Management LP boosted its stake in shares of Alibaba Group by 1.4% during the 4th quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer's stock valued at $642,000 after buying an additional 106 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on BABA shares. Citigroup reduced their price objective on Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley set a $180.00 price objective on Alibaba Group in a research note on Wednesday, May 14th. Robert W. Baird dropped their target price on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock 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 report on Friday, June 27th. Finally, Arete Research lowered Alibaba Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 24th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $154.13.

Alibaba Group Trading Down 3.4%

BABA traded down $3.71 during trading on Wednesday, reaching $104.28. The company had a trading volume of 24,510,536 shares, compared to its average volume of 20,024,541. The firm's 50-day simple moving average is $118.73 and its 200 day simple moving average is $114.15. The company has a market cap of $248.84 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 0.47 and a beta of 0.22. Alibaba Group Holding Limited has a 12-month low of $73.87 and a 12-month high of $148.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55.

Alibaba Group Cuts Dividend

The business also recently declared a -- dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid 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 Company 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.