Magnus Financial Group LLC purchased a new position in Alibaba Group Holding Ltd (NYSE:BABA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,927 shares of the specialty retailer’s stock, valued at approximately $327,000.
A number of other institutional investors have also bought and sold shares of the business. RDA Financial Network purchased a new position in Alibaba Group during the 1st quarter worth approximately $1,341,000. M Holdings Securities Inc. grew its position in Alibaba Group by 8.5% during the 1st quarter. M Holdings Securities Inc. now owns 8,790 shares of the specialty retailer’s stock worth $1,604,000 after purchasing an additional 685 shares in the last quarter. Soma Equity Partners LP boosted its stake in shares of Alibaba Group by 6.7% during the 1st quarter. Soma Equity Partners LP now owns 480,000 shares of the specialty retailer’s stock valued at $87,576,000 after buying an additional 30,000 shares during the period. Dixon Hubard Feinour & Brown Inc. VA boosted its stake in shares of Alibaba Group by 5.5% during the 1st quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 25,166 shares of the specialty retailer’s stock valued at $4,592,000 after buying an additional 1,320 shares during the period. Finally, TCG Advisors LP acquired a new stake in shares of Alibaba Group during the 1st quarter valued at $105,000. Hedge funds and other institutional investors own 42.12% of the company’s stock.
Shares of BABA stock traded down $0.98 on Tuesday, hitting $177.30. The company’s stock had a trading volume of 4,357,470 shares, compared to its average volume of 20,564,710. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.38 and a quick ratio of 1.38. Alibaba Group Holding Ltd has a fifty-two week low of $129.77 and a fifty-two week high of $195.72. The firm’s fifty day moving average price is $169.83 and its 200-day moving average price is $172.79. The stock has a market capitalization of $444.25 billion, a price-to-earnings ratio of 49.39, a P/E/G ratio of 1.57 and a beta of 2.30.
Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, August 15th. The specialty retailer reported $1.45 EPS for the quarter, topping the consensus estimate of $1.13 by $0.32. Alibaba Group had a net margin of 24.40% and a return on equity of 14.36%. The firm had revenue of $114.92 billion for the quarter, compared to the consensus estimate of $111.65 billion. During the same quarter last year, the firm posted $1.01 EPS. The business’s quarterly revenue was up 42.0% on a year-over-year basis. Analysts predict that Alibaba Group Holding Ltd will post 5.04 EPS for the current fiscal year.
BABA has been the subject of a number of research reports. TH Capital lifted their target price on shares of Alibaba Group from $180.00 to $220.00 in a research note on Monday, May 13th. Jefferies Financial Group initiated coverage on shares of Alibaba Group in a research note on Monday, August 5th. They set a “buy” rating and a $216.00 target price for the company. UBS Group set a $210.00 target price on shares of Alibaba Group and gave the company a “buy” rating in a research note on Tuesday, June 11th. Morgan Stanley set a $207.00 target price on shares of Alibaba Group and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, Raymond James decreased their target price on shares of Alibaba Group from $285.00 to $280.00 and set a “strong-buy” rating for the company in a research note on Thursday, May 16th. One analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $218.96.
About Alibaba Group
Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
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