NTV Asset Management LLC Purchases 8,484 Shares of Alibaba Group Holding Limited $BABA

Key Points

• NTV Asset Management grew its stake in Alibaba by 127.4%, buying an additional 8,484 shares to hold 15,143 shares worth about $2.707 million as of its latest 13F filing.
• Analyst sentiment is broadly positive with 17 Buy, 2 Hold, and 1 Sell ratings and a consensus price target of $194, while recent targets from firms ranged roughly $172–$195.
• Alibaba shares opened at $155.70, with a market cap of about $371.5 billion, a P/E of 21.51, and a 52‑week range of $80.06–$192.67; institutional and hedge fund ownership is reported at about 13.47%.

NTV Asset Management LLC grew its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 127.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,143 shares of the specialty retailer's stock after acquiring an additional 8,484 shares during the period. NTV Asset Management LLC's holdings in Alibaba Group were worth $2,707,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BABA. Ransom Advisory Ltd acquired a new stake in Alibaba Group during the first quarter worth approximately $26,000. 1248 Management LLC acquired a new position in Alibaba Group in the first quarter valued at approximately $26,000. Rosenberg Matthew Hamilton bought a new position in shares of Alibaba Group during the 2nd quarter worth approximately $26,000. Mather Group LLC. acquired a new stake in shares of Alibaba Group during the 3rd quarter worth approximately $30,000. Finally, NewSquare Capital LLC grew its position in shares of Alibaba Group by 65.0% during the 2nd quarter. NewSquare Capital LLC now owns 330 shares of the specialty retailer's stock worth $37,000 after buying an additional 130 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BABA has been the topic of several research analyst reports. Sanford C. Bernstein cut their target price on shares of Alibaba Group from $200.00 to $190.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 26th. Barclays lifted their price target on shares of Alibaba Group from $190.00 to $195.00 and gave the company an "overweight" rating in a research note on Wednesday, November 26th. Arete Research set a $172.00 price objective on shares of Alibaba Group in a research report on Tuesday, December 9th. Macquarie restated an "outperform" rating on shares of Alibaba Group in a research note on Tuesday, November 25th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Alibaba Group in a research report on Wednesday, October 8th. Seventeen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Alibaba Group currently has an average rating of "Moderate Buy" and a consensus price target of $194.00.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $155.70 on Friday. The stock has a market cap of $371.53 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 2.27 and a beta of 0.33. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.46 and a current ratio of 1.46. Alibaba Group Holding Limited has a fifty-two week low of $80.06 and a fifty-two week high of $192.67. The firm's 50-day simple moving average is $158.22 and its 200 day simple moving average is $144.47.

Alibaba Group Profile

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

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