NTV Asset Management LLC Acquires 300 Shares of Alibaba Group Holding Limited (NYSE:BABA)

NTV Asset Management LLC lifted its stake in Alibaba Group Holding Limited (NYSE:BABA) by 8.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,850 shares of the specialty retailer’s stock after purchasing an additional 300 shares during the period. NTV Asset Management LLC’s holdings in Alibaba Group were worth $326,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. FengHe Fund Management Pte. Ltd. bought a new position in Alibaba Group during the fourth quarter worth about $42,175,000. Sierra Ocean LLC bought a new position in Alibaba Group during the 4th quarter worth approximately $32,000. JFS Wealth Advisors LLC grew its holdings in Alibaba Group by 39.5% during the fourth quarter. JFS Wealth Advisors LLC now owns 727 shares of the specialty retailer’s stock valued at $62,000 after purchasing an additional 206 shares during the period. Blue Zone Wealth Advisors LLC increased its stake in Alibaba Group by 3.8% in the fourth quarter. Blue Zone Wealth Advisors LLC now owns 52,916 shares of the specialty retailer’s stock valued at $4,487,000 after purchasing an additional 1,919 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in Alibaba Group in the fourth quarter worth $3,020,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Trading Up 4.3 %

Shares of NYSE:BABA opened at $124.73 on Tuesday. The company has a market capitalization of $296.71 billion, a P/E ratio of 25.30, a P/E/G ratio of 0.42 and a beta of 0.31. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The business’s 50 day simple moving average is $91.25 and its 200 day simple moving average is $91.20. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $126.80.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. The company had revenue of $236.50 billion for the quarter, compared to analysts’ expectations of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. Alibaba Group’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business earned $1.82 earnings per share. On average, research analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BABA has been the topic of several recent analyst reports. Benchmark reiterated a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a report on Friday, November 15th. StockNews.com lowered Alibaba Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Barclays dropped their target price on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Robert W. Baird upped their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Citigroup raised their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $115.86.

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.