Alibaba Group Holding Limited (NYSE:BABA) Holdings Raised by Magnus Financial Group LLC

Magnus Financial Group LLC raised its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 5.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,538 shares of the specialty retailer’s stock after buying an additional 451 shares during the period. Magnus Financial Group LLC’s holdings in Alibaba Group were worth $1,012,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BABA. Strategic Investment Solutions Inc. IL acquired a new position in Alibaba Group during the second quarter worth about $27,000. First Command Advisory Services Inc. bought a new stake in shares of Alibaba Group in the 2nd quarter worth approximately $25,000. GPS Wealth Strategies Group LLC lifted its stake in Alibaba Group by 139.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 209 shares during the last quarter. Register Financial Advisors LLC bought a new stake in Alibaba Group during the first quarter worth approximately $31,000. Finally, Asset Dedication LLC increased its holdings in shares of Alibaba Group by 315.0% in the second quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of BABA stock opened at $101.85 on Wednesday. The firm has a market cap of $258.44 billion, a P/E ratio of 23.74, a PEG ratio of 0.55 and a beta of 0.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $117.82. The stock’s 50-day moving average is $90.97 and its two-hundred day moving average is $81.70.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, beating the consensus estimate of $1.87 by $14.57. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The firm had revenue of $243.24 billion for the quarter, compared to analyst estimates of $248.32 billion. During the same quarter last year, the firm earned $2.47 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Analysts predict that Alibaba Group Holding Limited will post 7.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group reissued a “buy” rating and set a $116.00 price objective on shares of Alibaba Group in a research note on Friday, July 26th. Benchmark reiterated a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research report on Friday, August 16th. Truist Financial cut their price objective on Alibaba Group from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Loop Capital reiterated a “buy” rating and issued a $115.00 target price on shares of Alibaba Group in a report on Thursday, August 29th. Finally, Robert W. Baird boosted their price target on shares of Alibaba Group from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $112.63.

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.