NTV Asset Management LLC decreased its position in Alibaba Group Holding Ltd (NYSE:BABA) by 1.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,310 shares of the specialty retailer’s stock after selling 400 shares during the period. Alibaba Group comprises approximately 1.1% of NTV Asset Management LLC’s holdings, making the stock its 26th largest holding. NTV Asset Management LLC’s holdings in Alibaba Group were worth $3,888,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Girard Partners LTD. boosted its position in shares of Alibaba Group by 13.0% in the 4th quarter. Girard Partners LTD. now owns 1,258 shares of the specialty retailer’s stock worth $172,000 after purchasing an additional 145 shares during the last quarter. CX Institutional raised its stake in Alibaba Group by 1,240.0% during the 1st quarter. CX Institutional now owns 268 shares of the specialty retailer’s stock worth $49,000 after buying an additional 248 shares during the period. Capital Financial Planning LLC acquired a new stake in Alibaba Group during the 4th quarter worth $29,000. Optimus Prime Fund Management Co. Ltd. acquired a new stake in Alibaba Group during the 4th quarter worth $15,434,000. Finally, Kistler Tiffany Companies LLC raised its stake in Alibaba Group by 10.9% during the 4th quarter. Kistler Tiffany Companies LLC now owns 5,480 shares of the specialty retailer’s stock worth $751,000 after buying an additional 538 shares during the period. 40.58% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on the company. Benchmark reissued a “buy” rating and issued a $220.00 price target (up previously from $205.00) on shares of Alibaba Group in a research note on Thursday, May 16th. Zacks Investment Research upgraded Alibaba Group from a “sell” rating to a “hold” rating in a report on Monday, April 22nd. Mizuho raised their price objective on Alibaba Group from $215.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Stifel Nicolaus raised their price objective on Alibaba Group from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Finally, Barclays raised their price objective on Alibaba Group from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Monday. One research analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $216.85.
Shares of NYSE BABA traded down $1.00 during midday trading on Friday, reaching $155.00. The company’s stock had a trading volume of 21,286,129 shares, compared to its average volume of 18,862,390. Alibaba Group Holding Ltd has a fifty-two week low of $129.77 and a fifty-two week high of $211.70. The company has a market cap of $418.57 billion, a price-to-earnings ratio of 43.18, a PEG ratio of 1.19 and a beta of 2.27. The company has a current ratio of 1.30, a quick ratio of 1.25 and a debt-to-equity ratio of 0.18.
Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Wednesday, May 15th. The specialty retailer reported $8.57 EPS for the quarter, beating the consensus estimate of $0.75 by $7.82. Alibaba Group had a net margin of 23.17% and a return on equity of 12.72%. The business had revenue of $93.50 billion during the quarter, compared to the consensus estimate of $91.68 billion. During the same period in the previous year, the business earned $5.73 earnings per share. The company’s revenue was up 51.0% on a year-over-year basis. On average, equities research analysts forecast that Alibaba Group Holding Ltd will post 5.1 earnings per share for the current year.
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About Alibaba Group
Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
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