Cerity Partners LLC Has $36.72 Million Stake in Alibaba Group Holding Limited (NYSE:BABA)

Cerity Partners LLC lowered its position in Alibaba Group Holding Limited (NYSE:BABA) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 432,177 shares of the specialty retailer’s stock after selling 3,394 shares during the quarter. Cerity Partners LLC’s holdings in Alibaba Group were worth $36,719,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BABA. Foundations Investment Advisors LLC increased its holdings in shares of Alibaba Group by 21.1% during the 4th quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer’s stock worth $13,180,000 after acquiring an additional 27,088 shares during the last quarter. Berkshire Asset Management LLC PA acquired a new position in shares of Alibaba Group in the fourth quarter valued at $911,000. Exchange Traded Concepts LLC raised its position in shares of Alibaba Group by 131.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock valued at $6,343,000 after purchasing an additional 42,446 shares during the period. Bailard Inc. raised its position in shares of Alibaba Group by 46.3% in the fourth quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer’s stock valued at $869,000 after purchasing an additional 3,242 shares during the period. Finally, Park Avenue Securities LLC lifted its stake in shares of Alibaba Group by 31.3% during the 4th quarter. Park Avenue Securities LLC now owns 18,465 shares of the specialty retailer’s stock worth $1,566,000 after buying an additional 4,397 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of Alibaba Group stock opened at $105.92 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The company has a market cap of $251.58 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The company has a 50 day moving average of $126.09 and a 200-day moving average of $104.36. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $148.43.

Alibaba Group (NYSE:BABA) last released its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The business had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. As a group, equities research analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BABA has been the topic of several research analyst reports. Arete Research raised shares of Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. Benchmark increased their target price on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Citigroup boosted their price target on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Bank of America upped their price objective on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $100.00 to $180.00 in a report on Monday, February 24th. Fifteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Alibaba Group currently has a consensus rating of “Buy” and a consensus target price of $148.14.

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.