Highlander Partners L.P. Takes Position in Alibaba Group Holding Limited (NYSE:BABA)

Highlander Partners L.P. bought a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 87,200 shares of the specialty retailer's stock, valued at approximately $11,530,000. Alibaba Group makes up about 7.1% of Highlander Partners L.P.'s investment portfolio, making the stock its 5th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BABA. Hazlett Burt & Watson Inc. boosted its stake in Alibaba Group by 1,960.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 196 shares during the last quarter. Inlight Wealth Management LLC acquired a new stake in Alibaba Group during the 1st quarter worth $31,000. Bruce G. Allen Investments LLC acquired a new stake in Alibaba Group during the 1st quarter worth $31,000. LFA Lugano Financial Advisors SA acquired a new stake in Alibaba Group during the 1st quarter worth $35,000. Finally, Valley National Advisers Inc. boosted its stake in Alibaba Group by 151.9% during the 1st quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Arete cut shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price target on the stock. in a research report on Tuesday, June 24th. Morgan Stanley set a $180.00 price objective on shares of Alibaba Group in a report on Wednesday, May 14th. Citigroup cut their price target on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Barclays cut their target price on shares of Alibaba Group from $180.00 to $145.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 15th. Finally, Loop Capital set a $176.00 target price on shares of Alibaba Group in a research note on Friday, May 16th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $150.80.

Alibaba Group Price Performance

Shares of BABA stock traded down $0.48 during mid-day trading on Tuesday, reaching $119.79. The stock had a trading volume of 2,855,061 shares, compared to its average volume of 20,140,356. Alibaba Group Holding Limited has a 12-month low of $73.87 and a 12-month high of $148.43. The company has a market cap of $285.83 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 1.77 and a beta of 0.21. The business has a 50-day simple moving average of $116.76 and a 200 day simple moving average of $115.86. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19.

Alibaba Group Cuts Dividend

The business also recently disclosed a -- dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 12th were given a dividend of $0.95 per share. This represents a yield of 0.8%. The ex-dividend date was Thursday, June 12th. Alibaba Group's dividend payout ratio is presently 12.75%.

Alibaba Group 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.

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