Alibaba Group Holding Limited (NYSE:BABA) is Hi Line Capital Management LLC's 9th Largest Position

Hi Line Capital Management LLC lifted its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 17.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 73,042 shares of the specialty retailer's stock after buying an additional 10,858 shares during the quarter. Alibaba Group makes up 3.6% of Hi Line Capital Management LLC's investment portfolio, making the stock its 9th largest holding. Hi Line Capital Management LLC's holdings in Alibaba Group were worth $9,658,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Appaloosa LP raised its holdings in shares of Alibaba Group by 18.4% in the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock valued at $1,004,181,000 after buying an additional 1,843,158 shares during the period. Norges Bank purchased a new stake in Alibaba Group during the 4th quarter worth about $585,479,000. Bank of America Corp DE increased its holdings in Alibaba Group by 7.0% during the 4th quarter. Bank of America Corp DE now owns 6,676,773 shares of the specialty retailer's stock worth $566,124,000 after purchasing an additional 438,537 shares during the period. Fisher Asset Management LLC increased its holdings in Alibaba Group by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer's stock worth $431,906,000 after purchasing an additional 78,757 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Alibaba Group by 19.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,610,035 shares of the specialty retailer's stock worth $390,885,000 after purchasing an additional 752,275 shares during the period. Hedge funds and other institutional investors own 13.47% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Arete downgraded Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price target on the stock. in a report on Tuesday. Morgan Stanley set a $180.00 price target on Alibaba Group in a report on Wednesday, May 14th. Arete Research downgraded Alibaba Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Wall Street Zen downgraded Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday. Finally, Citigroup lowered their price objective on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Alibaba Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $154.13.

Alibaba Group Stock Performance

Shares of NYSE BABA traded up $0.18 during trading hours on Friday, reaching $114.11. The stock had a trading volume of 12,343,000 shares, compared to its average volume of 19,968,758. The firm has a market cap of $272.13 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 0.48 and a beta of 0.22. 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 Holding Limited has a fifty-two week low of $71.80 and a fifty-two week high of $148.43. The firm has a 50-day moving average of $119.76 and a 200-day moving average of $112.82.

Alibaba Group Cuts Dividend

The company also recently announced a -- dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given 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 dividend payout ratio (DPR) 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.