TT International Asset Management LTD Buys 232,792 Shares of Alibaba Group Holding Limited (NYSE:BABA)

TT International Asset Management LTD lifted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 84.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 509,354 shares of the specialty retailer's stock after purchasing an additional 232,792 shares during the quarter. Alibaba Group accounts for 9.8% of TT International Asset Management LTD's holdings, making the stock its 3rd biggest holding. TT International Asset Management LTD's holdings in Alibaba Group were worth $67,352,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of BABA. Bruce G. Allen Investments LLC bought a new stake in shares of Alibaba Group during the 1st quarter worth $31,000. ORG Partners LLC increased its stake in shares of Alibaba Group by 950.0% in the first quarter. ORG Partners LLC now owns 315 shares of the specialty retailer's stock valued at $42,000 after buying an additional 285 shares during the period. Strategic Investment Solutions Inc. IL grew its position in shares of Alibaba Group by 59.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock worth $46,000 after buying an additional 200 shares during the period. Redwood Park Advisors LLC acquired a new stake in Alibaba Group in the fourth quarter worth $52,000. Finally, Vision Financial Markets LLC acquired a new stake in Alibaba Group in the fourth quarter worth $55,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BABA shares. Bank of America raised their price objective on Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Wall Street Zen raised Alibaba Group from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Robert W. Baird reduced their price objective on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Loop Capital set a $176.00 price objective on Alibaba Group in a research note on Friday, May 16th. Finally, Citigroup reduced their price objective on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Fifteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Alibaba Group currently has an average rating of "Buy" and an average target price of $154.21.

Alibaba Group Stock Performance

Shares of Alibaba Group stock opened at $112.91 on Friday. The business's fifty day simple moving average is $119.34 and its 200 day simple moving average is $111.89. The firm has a market capitalization of $269.30 billion, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 0.47 and a beta of 0.22. Alibaba Group Holding Limited has a 12 month low of $71.80 and a 12 month high of $148.43. The company has a current ratio of 1.55, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group Cuts Dividend

The firm also recently declared a -- dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a dividend of $0.95 per share. The ex-dividend date is Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's dividend payout ratio (DPR) 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.

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