NTV Asset Management LLC reduced its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 15.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,550 shares of the specialty retailer’s stock after selling 4,575 shares during the quarter. Alibaba Group Holding Limited comprises approximately 1.2% of NTV Asset Management LLC’s holdings, making the stock its 24th largest position. NTV Asset Management LLC’s holdings in Alibaba Group Holding Limited were worth $4,240,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. First Eagle Investment Management LLC bought a new position in shares of Alibaba Group Holding Limited in the third quarter worth $104,000. Shine Investment Advisory Services Inc. acquired a new stake in shares of Alibaba Group Holding Limited in the second quarter valued at $102,000. Lee Financial Co lifted its holdings in shares of Alibaba Group Holding Limited by 45.5% in the second quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock valued at $113,000 after buying an additional 250 shares during the period. Winch Advisory Services LLC lifted its holdings in shares of Alibaba Group Holding Limited by 147.4% in the second quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 482 shares during the period. Finally, San Francisco Sentry Investment Group CA acquired a new stake in shares of Alibaba Group Holding Limited in the second quarter valued at $116,000. Hedge funds and other institutional investors own 37.47% of the company’s stock.

Alibaba Group Holding Limited (NYSE BABA) traded down $1.87 during mid-day trading on Tuesday, reaching $184.54. The company had a trading volume of 17,185,600 shares, compared to its average volume of 14,838,464. Alibaba Group Holding Limited has a 12-month low of $86.01 and a 12-month high of $191.22. The firm has a market cap of $467,080.00, a PE ratio of 54.19, a price-to-earnings-growth ratio of 1.41 and a beta of 2.60. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71.

Alibaba Group Holding Limited (NYSE:BABA) last released its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.21. The company had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 17.89% and a net margin of 30.87%. During the same period last year, the firm earned $0.74 EPS. equities research analysts forecast that Alibaba Group Holding Limited will post 4.31 earnings per share for the current year.

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Several analysts have recently weighed in on BABA shares. Zacks Investment Research upgraded Alibaba Group Holding Limited from a “hold” rating to a “buy” rating and set a $179.00 price objective for the company in a report on Thursday, August 17th. Vetr downgraded Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $175.06 target price for the company. in a report on Wednesday, August 16th. SunTrust Banks, Inc. began coverage on Alibaba Group Holding Limited in a report on Tuesday, August 15th. They set a “buy” rating and a $175.00 target price for the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $160.00 target price on shares of Alibaba Group Holding Limited in a report on Tuesday, August 15th. Finally, Stifel Nicolaus upped their target price on Alibaba Group Holding Limited from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have given a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $184.45.

About Alibaba Group Holding Limited

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

Institutional Ownership by Quarter for Alibaba Group Holding Limited (NYSE:BABA)

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