Atalanta Sosnoff Capital LLC Cuts Stake in Alibaba Group Holding Ltd (BABA)

Atalanta Sosnoff Capital LLC trimmed its position in Alibaba Group Holding Ltd (NYSE:BABA) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 465,591 shares of the specialty retailer’s stock after selling 15,619 shares during the period. Alibaba Group makes up approximately 2.6% of Atalanta Sosnoff Capital LLC’s investment portfolio, making the stock its 11th largest holding. Atalanta Sosnoff Capital LLC’s holdings in Alibaba Group were worth $80,282,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of BABA. First Eagle Investment Management LLC bought a new stake in shares of Alibaba Group in the third quarter valued at about $104,000. Lorber David A bought a new stake in shares of Alibaba Group in the third quarter valued at about $109,000. San Francisco Sentry Investment Group CA bought a new stake in shares of Alibaba Group in the second quarter valued at about $116,000. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of Alibaba Group by 29.0% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 890 shares of the specialty retailer’s stock valued at $125,000 after purchasing an additional 200 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Alibaba Group by 22.3% in the second quarter. Tower Research Capital LLC TRC now owns 983 shares of the specialty retailer’s stock valued at $139,000 after purchasing an additional 179 shares in the last quarter. Institutional investors own 37.94% of the company’s stock.

A number of research firms recently issued reports on BABA. Macquarie reaffirmed a “buy” rating and issued a $245.00 target price on shares of Alibaba Group in a research report on Monday, October 16th. They noted that the move was a valuation call. Barclays lifted their target price on Alibaba Group from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 31st. Zacks Investment Research raised Alibaba Group from a “hold” rating to a “buy” rating and set a $198.00 target price on the stock in a research report on Monday, December 4th. Robert W. Baird lifted their target price on Alibaba Group from $190.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Finally, BidaskClub raised Alibaba Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $186.06.

Shares of Alibaba Group Holding Ltd (BABA) traded up $0.47 during midday trading on Tuesday, reaching $190.80. The company’s stock had a trading volume of 19,490,632 shares, compared to its average volume of 20,810,000. The firm has a market capitalization of $488,670.00, a P/E ratio of 52.71, a PEG ratio of 1.44 and a beta of 2.52. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.21. Alibaba Group Holding Ltd has a 1 year low of $93.31 and a 1 year high of $192.49.

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Alibaba Group Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

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

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