Cetera Advisors LLC Has $2.83 Million Stake in Alibaba Group Holding Ltd (BABA)

Cetera Advisors LLC lessened its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 1.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,509 shares of the specialty retailer’s stock after selling 184 shares during the quarter. Cetera Advisors LLC’s holdings in Alibaba Group were worth $2,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Norway Savings Bank lifted its stake in shares of Alibaba Group by 640.0% during the 4th quarter. Norway Savings Bank now owns 185 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 160 shares in the last quarter. Archford Capital Strategies LLC lifted its stake in shares of Alibaba Group by 80.4% during the 4th quarter. Archford Capital Strategies LLC now owns 184 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 82 shares in the last quarter. Sontag Advisory LLC purchased a new position in shares of Alibaba Group during the 4th quarter valued at $27,000. Cribstone Capital Management LLC purchased a new position in shares of Alibaba Group during the 1st quarter valued at $27,000. Finally, Capital Financial Planning LLC purchased a new position in shares of Alibaba Group during the 4th quarter valued at $29,000. Institutional investors and hedge funds own 40.49% of the company’s stock.

Alibaba Group stock opened at $175.57 on Friday. Alibaba Group Holding Ltd has a twelve month low of $129.77 and a twelve month high of $211.70. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $454.86 billion, a PE ratio of 48.91, a price-to-earnings-growth ratio of 1.47 and a beta of 2.27.

Alibaba Group (NYSE:BABA) last posted its earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $7.82. Alibaba Group had a net margin of 23.17% and a return on equity of 13.38%. The firm had revenue of $93.50 billion for the quarter, compared to the consensus estimate of $91.68 billion. During the same period in the previous year, the firm posted $5.73 EPS. The business’s quarterly revenue was up 51.0% on a year-over-year basis. On average, equities analysts forecast that Alibaba Group Holding Ltd will post 4.88 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on the stock. Argus restated a “buy” rating on shares of Alibaba Group in a research note on Friday, February 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $180.00 price target (up previously from $175.00) on shares of Alibaba Group in a research note on Thursday, January 31st. KeyCorp set a $200.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Benchmark reiterated a “buy” rating and issued a $220.00 price target (up previously from $205.00) on shares of Alibaba Group in a research note on Thursday. Finally, ValuEngine upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Tuesday, March 5th. One research analyst has rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $216.67.

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Alibaba Group Profile

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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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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