Magnus Financial Group LLC Sells 732 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Magnus Financial Group LLC cut its position in Alibaba Group Holding Limited (NYSE:BABA) by 7.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,806 shares of the specialty retailer’s stock after selling 732 shares during the period. Magnus Financial Group LLC’s holdings in Alibaba Group were worth $747,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new position in shares of Alibaba Group in the 2nd quarter valued at about $27,000. Concord Wealth Partners grew its holdings in Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 155 shares during the period. Decker Retirement Planning Inc. acquired a new position in Alibaba Group during the fourth quarter worth approximately $31,000. Highline Wealth Partners LLC bought a new stake in Alibaba Group in the third quarter valued at approximately $36,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Alibaba Group during the 2nd quarter worth approximately $38,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BABA shares. Barclays dropped their price target on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 19th. Benchmark restated a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. Bank of America upped their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. StockNews.com downgraded shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 14th. Finally, Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a research report on Monday, October 7th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $115.13.

Alibaba Group Stock Performance

BABA opened at $86.49 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $117.82. The firm has a market cap of $206.00 billion, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 0.45 and a beta of 0.30. The business’s fifty day moving average is $85.73 and its 200-day moving average is $88.01.

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

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.