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

Magnus Financial Group LLC lowered its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 7.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,806 shares of the specialty retailer’s stock after selling 732 shares during the quarter. Magnus Financial Group LLC’s holdings in Alibaba Group were worth $747,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sanders Capital LLC boosted its holdings in Alibaba Group by 0.3% in the third quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer’s stock valued at $1,959,021,000 after acquiring an additional 60,667 shares during the last quarter. Hhlr Advisors LTD. lifted its position in Alibaba Group by 64.1% during the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock valued at $936,785,000 after purchasing an additional 3,448,152 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Alibaba Group by 1,392.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer’s stock valued at $650,043,000 after purchasing an additional 5,715,155 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Alibaba Group by 3,180.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock worth $409,385,000 after buying an additional 3,740,150 shares during the period. Finally, FMR LLC lifted its holdings in Alibaba Group by 454.2% in the third quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock valued at $383,260,000 after buying an additional 2,959,954 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Up 1.3 %

NYSE:BABA opened at $86.49 on Thursday. The company has a market cap of $206.00 billion, a PE ratio of 17.54, a PEG ratio of 0.45 and a beta of 0.30. The stock has a 50-day simple moving average of $85.73 and a 200 day simple moving average of $88.01. 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.

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

Wall Street Analyst Weigh In

A number of research firms have commented on BABA. Robert W. Baird lifted their target price on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Barclays dropped their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, November 19th. Mizuho boosted their target price on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. 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, Benchmark restated a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and an average price target of $115.13.

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.