Eos Management L.P. Has $3.65 Million Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Eos Management L.P. lifted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 6.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 34,383 shares of the specialty retailer’s stock after buying an additional 2,088 shares during the period. Alibaba Group makes up approximately 1.3% of Eos Management L.P.’s portfolio, making the stock its 16th largest position. Eos Management L.P.’s holdings in Alibaba Group were worth $3,649,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of BABA. First Personal Financial Services raised its stake in shares of Alibaba Group by 6,931.0% in the 3rd quarter. First Personal Financial Services now owns 7,031 shares of the specialty retailer’s stock valued at $746,000 after acquiring an additional 6,931 shares in the last quarter. Cowa LLC bought a new position in shares of Alibaba Group in the third quarter valued at approximately $326,000. Assetmark Inc. lifted its stake in shares of Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after buying an additional 275 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Alibaba Group during the 3rd quarter worth $3,123,000. Finally, Philip James Wealth Mangement LLC acquired a new position in Alibaba Group in the 3rd quarter valued at $11,770,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

NYSE:BABA opened at $94.19 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average price of $97.25 and a 200 day moving average price of $84.97. The firm has a market capitalization of $225.58 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 0.43 and a beta of 0.35. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $117.82.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, topping the consensus estimate of $1.87 by $14.57. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The business had revenue of $243.24 billion during the quarter, compared to the consensus estimate of $248.32 billion. During the same quarter last year, the company earned $2.47 EPS. Alibaba Group’s revenue was up 3.9% on a year-over-year basis. Research analysts anticipate that Alibaba Group Holding Limited will post 8.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Loop Capital restated a “buy” rating and set a $115.00 target price on shares of Alibaba Group in a research note on Thursday, August 29th. Robert W. Baird lifted their price target on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective for the company in a research report on Monday, October 7th. Finally, Sanford C. Bernstein boosted their target price on shares of Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a research report on Friday, August 16th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $113.13.

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.