Deltec Asset Management LLC cut its position in Alibaba Group Holding Ltd. (NYSE:BABA) by 63.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,482 shares of the company’s stock after selling 135,643 shares during the period. Alibaba Group Holding comprises approximately 1.6% of Deltec Asset Management LLC’s investment portfolio, making the stock its 20th largest position. Deltec Asset Management LLC’s holdings in Alibaba Group Holding were worth $6,242,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Strs Ohio raised its stake in shares of Alibaba Group Holding by 225.3% in the second quarter. Strs Ohio now owns 151,900 shares of the company’s stock worth $12,080,000 after buying an additional 105,200 shares during the period. Cornerstone Advisors Inc. increased its position in shares of Alibaba Group Holding by 2.5% in the second quarter. Cornerstone Advisors Inc. now owns 1,594 shares of the company’s stock worth $127,000 after buying an additional 39 shares in the last quarter. Cottage Street Advisors LLC increased its position in shares of Alibaba Group Holding by 8.6% in the second quarter. Cottage Street Advisors LLC now owns 6,300 shares of the company’s stock worth $502,000 after buying an additional 500 shares in the last quarter. MSI Financial Services Inc increased its position in shares of Alibaba Group Holding by 27.0% in the second quarter. MSI Financial Services Inc now owns 15,871 shares of the company’s stock worth $1,262,000 after buying an additional 3,374 shares in the last quarter. Finally, Financial Architects Inc increased its position in shares of Alibaba Group Holding by 259.6% in the second quarter. Financial Architects Inc now owns 3,956 shares of the company’s stock worth $314,000 after buying an additional 2,856 shares in the last quarter. 29.00% of the stock is currently owned by institutional investors.

Shares of Alibaba Group Holding Ltd. (NYSE:BABA) traded down 1.53% on Tuesday, reaching $101.45. The company’s stock had a trading volume of 12,863,809 shares. The firm has a 50 day moving average of $95.33 and a 200 day moving average of $82.66. The company has a market cap of $250.89 billion, a PE ratio of 35.98 and a beta of 2.97. Alibaba Group Holding Ltd. has a 52-week low of $57.20 and a 52-week high of $105.50.

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

BABA has been the topic of a number of research analyst reports. Vetr upgraded Alibaba Group Holding from a “buy” rating to a “strong-buy” rating and set a $88.08 price target on the stock in a report on Monday, May 23rd. Brean Capital reiterated a “buy” rating on shares of Alibaba Group Holding in a report on Tuesday, May 24th. Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $100.00 price target on shares of Alibaba Group Holding in a report on Thursday, May 26th. Deutsche Bank AG reiterated a “buy” rating and set a $110.00 price target on shares of Alibaba Group Holding in a report on Thursday, May 26th. Finally, HSBC reiterated a “buy” rating on shares of Alibaba Group Holding in a report on Thursday, May 26th. Three analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price 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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