Cerity Partners LLC Increases Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Cerity Partners LLC lifted its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 299.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 82,888 shares of the specialty retailer's stock after acquiring an additional 62,163 shares during the period. Cerity Partners LLC's holdings in Alibaba Group were worth $6,428,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Princeton Global Asset Management LLC bought a new stake in Alibaba Group during the third quarter worth about $26,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Alibaba Group in the third quarter worth about $27,000. GPS Wealth Strategies Group LLC lifted its holdings in shares of Alibaba Group by 116.7% in the third quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer's stock worth $28,000 after acquiring an additional 175 shares during the last quarter. First Command Advisory Services Inc. bought a new position in shares of Alibaba Group in the third quarter worth about $30,000. Finally, Milestone Investment Advisors LLC bought a new position in shares of Alibaba Group in the third quarter worth about $31,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Macquarie downgraded Alibaba Group from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $88.50 to $85.40 in a research note on Thursday, February 8th. Susquehanna lowered their price objective on Alibaba Group from $150.00 to $135.00 and set a "positive" rating for the company in a research note on Thursday, February 8th. The Goldman Sachs Group lowered their price objective on Alibaba Group from $121.00 to $105.00 and set a "buy" rating for the company in a research note on Thursday, February 8th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $85.00 price objective on shares of Alibaba Group in a research note on Tuesday, April 9th. Finally, Mizuho reissued a "buy" rating and set a $95.00 target price on shares of Alibaba Group in a research report on Wednesday, March 27th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $112.91.

Alibaba Group Stock Down 1.4 %

NYSE:BABA traded down $1.01 during trading hours on Tuesday, hitting $69.61. 16,894,013 shares of the company traded hands, compared to its average volume of 18,466,467. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.12. The firm's 50-day simple moving average is $73.33 and its 200-day simple moving average is $76.10. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $102.50. The company has a market cap of $176.64 billion, a PE ratio of 12.84 and a beta of 0.47.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing the consensus estimate of $19.12 by ($0.15). Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The company had revenue of $260.35 billion for the quarter, compared to the consensus estimate of $260.26 billion. During the same quarter last year, the business posted $2.44 earnings per share. Alibaba Group's revenue was up 5.1% on a year-over-year basis. Equities analysts predict that Alibaba Group Holding Limited will post 7.97 earnings per share for the current year.

Alibaba Group 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.