Alibaba Group Holding Limited (NYSE:BABA) Holdings Raised by TT International Asset Management LTD

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

Several other hedge funds and other institutional investors have also recently modified their holdings of BABA. Berkshire Asset Management LLC PA acquired a new position in Alibaba Group in the 4th quarter worth approximately $911,000. KMG Fiduciary Partners LLC acquired a new stake in Alibaba Group during the 1st quarter worth about $1,948,000. Bailard Inc. lifted its holdings in shares of Alibaba Group by 46.3% in the 4th quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer's stock valued at $869,000 after buying an additional 3,242 shares during the period. Avaii Wealth Management LLC acquired a new position in Alibaba Group in the first quarter valued at approximately $563,000. Finally, Fiduciary Alliance LLC grew its position in Alibaba Group by 18.3% during the first quarter. Fiduciary Alliance LLC now owns 117,943 shares of the specialty retailer's stock valued at $15,596,000 after buying an additional 18,230 shares during the period. 13.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BABA has been the topic of a number of recent analyst reports. Robert W. Baird decreased 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 upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Benchmark lowered their price objective on Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a report on Friday, May 16th. Mizuho reduced their target price on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Finally, Arete Research upgraded Alibaba Group to a "strong-buy" rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $154.13.

Alibaba Group Trading Up 3.4%

Shares of Alibaba Group stock traded up $3.86 on Tuesday, reaching $116.95. The company had a trading volume of 17,082,671 shares, compared to its average volume of 19,977,888. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.55. The firm has a market cap of $278.91 billion, a PE ratio of 15.70, a PEG ratio of 0.46 and a beta of 0.22. The firm's 50 day moving average price is $119.32 and its two-hundred day moving average price is $112.46. Alibaba Group Holding Limited has a 52-week low of $71.80 and a 52-week high of $148.43.

Alibaba Group Cuts Dividend

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

About Alibaba Group

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.