Alibaba Group Holding Limited $BABA Holdings Lifted by Eos Management L.P.

Eos Management L.P. boosted its position in Alibaba Group Holding Limited (NYSE:BABA) by 12.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,447 shares of the specialty retailer’s stock after acquiring an additional 7,342 shares during the quarter. Alibaba Group accounts for 3.4% of Eos Management L.P.’s investment portfolio, making the stock its 6th biggest position. Eos Management L.P.’s holdings in Alibaba Group were worth $7,763,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BABA. Brighton Jones LLC increased its position in Alibaba Group by 40.4% during the 4th quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock worth $289,000 after purchasing an additional 981 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Alibaba Group by 3.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 72,581 shares of the specialty retailer’s stock valued at $9,597,000 after buying an additional 2,731 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Alibaba Group by 15.3% during the first quarter. Janney Montgomery Scott LLC now owns 51,233 shares of the specialty retailer’s stock worth $6,775,000 after buying an additional 6,795 shares during the period. Johnson Investment Counsel Inc. increased its position in shares of Alibaba Group by 14.5% in the first quarter. Johnson Investment Counsel Inc. now owns 6,966 shares of the specialty retailer’s stock worth $921,000 after acquiring an additional 880 shares in the last quarter. Finally, ORG Partners LLC increased its position in shares of Alibaba Group by 950.0% in the first quarter. ORG Partners LLC now owns 315 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 285 shares in the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $167.03 on Monday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a fifty-two week low of $80.06 and a fifty-two week high of $192.67. The business has a 50 day moving average price of $150.98 and a two-hundred day moving average price of $128.64. The firm has a market cap of $398.21 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 2.23 and a beta of 0.18.

Analyst Ratings Changes

Several research firms have commented on BABA. Zacks Research lowered Alibaba Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. CLSA increased their target price on Alibaba Group from $155.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. Citigroup reissued a “buy” rating on shares of Alibaba Group in a research report on Wednesday, September 24th. Susquehanna upped their price target on Alibaba Group from $175.00 to $190.00 and gave the stock a “positive” rating in a report on Thursday, September 18th. Finally, Wall Street Zen downgraded shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Alibaba Group presently has an average rating of “Moderate Buy” and an average price target of $188.06.

About Alibaba Group

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.