Atalanta Sosnoff Capital LLC decreased its position in Alibaba Group Holding Ltd. (NYSE:BABA) by 6.6% during the second quarter, Holdings Channel reports. The institutional investor owned 376,102 shares of the company’s stock after selling 26,759 shares during the period. Atalanta Sosnoff Capital LLC’s holdings in Alibaba Group Holding were worth $29,912,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. UBS Asset Management Americas Inc. increased its position in Alibaba Group Holding by 193.7% in the first quarter. UBS Asset Management Americas Inc. now owns 5,060,947 shares of the company’s stock worth $399,967,000 after buying an additional 3,337,825 shares in the last quarter. Vontobel Asset Management Inc. increased its position in Alibaba Group Holding by 48.0% in the second quarter. Vontobel Asset Management Inc. now owns 9,750,216 shares of the company’s stock worth $783,980,000 after buying an additional 3,164,167 shares in the last quarter. Wellington Management Group LLP increased its position in Alibaba Group Holding by 27.0% in the first quarter. Wellington Management Group LLP now owns 14,748,142 shares of the company’s stock worth $1,165,545,000 after buying an additional 3,136,366 shares in the last quarter. Primecap Management Co. CA increased its position in Alibaba Group Holding by 15.8% in the first quarter. Primecap Management Co. CA now owns 15,674,905 shares of the company’s stock worth $1,238,788,000 after buying an additional 2,133,100 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in Alibaba Group Holding by 101.8% in the second quarter. BNP Paribas Arbitrage SA now owns 3,098,510 shares of the company’s stock worth $252,972,000 after buying an additional 1,562,933 shares in the last quarter. 29.00% of the stock is currently owned by institutional investors.

Alibaba Group Holding Ltd. (NYSE:BABA) traded down 1.53% on Tuesday, hitting $101.45. 12,863,809 shares of the stock traded hands. The stock has a market capitalization of $250.89 billion, a P/E ratio of 35.98 and a beta of 2.97. The company’s 50 day moving average price is $95.81 and its 200-day moving average price is $82.87. Alibaba Group Holding Ltd. has a 12-month low of $57.20 and a 12-month high of $105.50.

Alibaba Group Holding (NYSE:BABA) last posted its earnings results on Thursday, August 11th. The company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.11. Alibaba Group Holding had a net margin of 42.95% and a return on equity of 12.31%. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same quarter in the prior year, the firm earned $0.59 EPS. Analysts predict that Alibaba Group Holding Ltd. will post $3.29 EPS for the current year.

BABA has been the topic of a number of recent analyst reports. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $114.00 price target (up previously from $110.00) on shares of Alibaba Group Holding in a research note on Wednesday, July 20th. Needham & Company LLC reissued a “buy” rating and issued a $105.00 target price (up previously from $95.00) on shares of Alibaba Group Holding in a research note on Saturday, August 13th. Cantor Fitzgerald reissued a “buy” rating on shares of Alibaba Group Holding in a research note on Sunday, August 28th. Citigroup Inc. raised their target price on shares of Alibaba Group Holding to $104.00 and gave the company a “buy” rating in a research note on Sunday, August 7th. Finally, Vetr raised shares of Alibaba Group Holding from a “hold” rating to a “buy” rating and set a $106.15 target price on the stock in a research note on Thursday, September 1st. Three analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $105.93.

Alibaba Group Holding Company Profile

Alibaba Group Holding Limited is a holding company. The Company is principally engaged in online and mobile commerce through products, services and technology. The Company provides retail and wholesale marketplaces available through both personal computer and mobile interfaces in the PRC and internationally.

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