Magnus Financial Group LLC Boosts Position in Alibaba Group Holding Limited (NYSE:BABA)

Magnus Financial Group LLC raised its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 4.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,177 shares of the specialty retailer’s stock after buying an additional 371 shares during the quarter. Magnus Financial Group LLC’s holdings in Alibaba Group were worth $1,213,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in BABA. Sierra Ocean LLC bought a new stake in shares of Alibaba Group during the 4th quarter valued at about $32,000. Financial Management Professionals Inc. boosted its position in shares of Alibaba Group by 217.6% during the 1st quarter. Financial Management Professionals Inc. now owns 524 shares of the specialty retailer’s stock valued at $69,000 after acquiring an additional 359 shares during the last quarter. Strategic Investment Solutions Inc. IL boosted its position in shares of Alibaba Group by 59.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer’s stock valued at $46,000 after acquiring an additional 200 shares during the last quarter. Redwood Park Advisors LLC bought a new stake in shares of Alibaba Group during the 4th quarter valued at about $52,000. Finally, Vision Financial Markets LLC bought a new stake in shares of Alibaba Group during the 4th quarter valued at about $55,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of Alibaba Group stock opened at $119.48 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The business’s 50 day simple moving average is $118.11 and its two-hundred day simple moving average is $109.78. The stock has a market capitalization of $285.05 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a one year low of $71.80 and a one year high of $148.43.

Alibaba Group Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a dividend of $0.95 per share. The ex-dividend date is Thursday, June 12th. This represents a dividend yield of 0.8%. Alibaba Group’s dividend payout ratio is presently 13.83%.

Wall Street Analyst Weigh In

BABA has been the subject of a number of research analyst reports. Robert W. Baird dropped their price target on Alibaba Group from $147.00 to $142.00 and set an “outperform” rating for the company in a research report on Friday, May 16th. Arete Research upgraded Alibaba Group to a “strong-buy” rating in a research report on Friday, February 28th. Citigroup dropped their target price on Alibaba Group from $170.00 to $169.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Barclays boosted their target price on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, Sanford C. Bernstein upgraded Alibaba Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $104.00 to $165.00 in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $154.21.

About Alibaba Group

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.