<div id="readability-page-1"><p>Zweig DiMenna Associates LLC bought a new position in shares of  Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 131,100 shares of the specialty retailer's stock, valued at approximately $17,335,000. Alibaba Group makes up  about  2.7% of Zweig DiMenna Associates LLC's investment portfolio, making the stock its 8th largest holding.</p><div><p><span></span><span>Get <strong>Alibaba Group</strong> alerts:</span></p></div><ul><li>2 Chinese Stocks That Could Leave U.S. Tech in the Dust</li></ul><p>A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Hazlett Burt &amp; Watson Inc. lifted its position in  Alibaba Group by 1,960.0% during the 1st quarter. Hazlett Burt &amp; Watson Inc. now owns 206 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 196 shares during the period.  Bruce G. Allen Investments LLC acquired a new stake in  Alibaba Group during the 1st quarter worth approximately $31,000.  Inlight Wealth Management LLC acquired a new stake in  Alibaba Group during the 1st quarter worth approximately $31,000.  Valley National Advisers Inc. lifted its position 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 acquiring an additional 161 shares during the period.  Finally, LFA Lugano Financial Advisors SA acquired a new stake in  Alibaba Group during the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own  13.47% of the company's stock. </p><h2>Alibaba Group Price Performance</h2><p>Alibaba Group stock opened at $121.12 on Friday. Alibaba Group Holding Limited has a 52 week low of $73.87 and a 52 week high of $148.43. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. The firm's 50-day simple moving average is $116.02 and its 200 day simple moving average is $116.43. The firm has a market capitalization of $289.00 billion, a PE ratio of 16.26, a P/E/G ratio of 1.80 and a beta of 0.21. </p><h2>Alibaba Group Cuts Dividend</h2><ul><li>Alibaba Expands Data Centers Across Asia: A New Growth Catalyst?</li></ul><p>The firm also recently disclosed a -- dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 12th were given a $0.95 dividend. The ex-dividend date  was Thursday, June 12th. This represents a dividend yield of 0.8%. Alibaba Group's dividend payout ratio  is presently 12.75%. </p><h2>Analysts Set New Price Targets</h2><p>Several brokerages have recently weighed in on BABA. Barclays lowered their target price on shares of Alibaba Group from $180.00 to $145.00 and set an &#34;overweight&#34; rating on the stock in a report on Tuesday, July 15th. Morgan Stanley  set a $180.00 target price on shares of Alibaba Group in a report on Wednesday, May 14th. Arete Research downgraded shares of Alibaba Group from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report on Tuesday, June 24th. Wall Street Zen downgraded shares of Alibaba Group from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a report on Friday, June 27th. Finally, Citigroup lowered their target price on shares of Alibaba Group from $170.00 to $169.00 and set a &#34;buy&#34; rating on the stock in a 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. According to data from MarketBeat, the stock currently has an average rating of &#34;Moderate Buy&#34; and an average target price of $150.80.</p><ul><li>Alibaba Call Options Surge, New Hopes of a Trade Deal?</li></ul><p><b>View Our Latest Report on BABA</b></p><h2>About Alibaba Group</h2> (Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Alibaba Group</li><li>How Investors Can Find the Best Cheap Dividend Stocks</li><li>Congress Is Dumping These 5 Stocks—Should You Follow?</li><li>Natural Gas Prices Continue To Rally, These Stocks Should Benefit</li><li>GE Vernova's Q2 Electrifies Stock, What's Next For This Top Name?</li><li>Do ETFs Pay Dividends? What You Need to Know</li><li>From Zero to Hero? Why GoPro's Rally Could Be More Than It Seems</li></ul><p><strong>Want to see what other hedge funds are holding BABA?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABA - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJBQkE?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJBQkE"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Alibaba Group Right Now?</h2><p>Before you consider Alibaba Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alibaba Group wasn't on the list.</p><p>While Alibaba Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Zweig DiMenna Associates LLC has invested $17.34 million in Alibaba Group Holding Limited (NYSE:BABA) by acquiring 131,100 shares during the first quarter. This investment represents about 2.7% of their portfolio, making Alibaba their 8th largest holding. Other institutional investors have also increased their stakes in Alibaba. The stock opened at $121.12, with a 52-week range of $73.87 to $148.43. Analysts have mixed ratings on the stock, with an average target price of $150.80 and a current average rating of "Moderate Buy."</p>

- Zweig DiMenna Associates LLC acquired 131,100 shares of Alibaba Group, valued at approximately $17.3 million, making it the 8th largest holding in their portfolio.  
- Other institutional investors also increased their stakes in Alibaba during the first quarter, with notable increases from Hazlett Burt & Watson Inc. and Valley National Advisers Inc.  
- Alibaba's stock has a market capitalization of $289 billion, with a current price of $121.12, and analysts maintain a "Moderate Buy" rating with an average target price of $150.80.

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Zweig DiMenna Associates LLC Invests $17.34 Million in Alibaba Group Holding Limited (NYSE:BABA)