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

Key Points

• Eos Management L.P. raised its position in Alibaba Group by 12.0% during the second quarter, making it the firm's 6th biggest investment at approximately $7.76 million.
• Multiple other institutions increased their stakes in Alibaba during the first and second quarters, indicating a growing interest among investor parties in the company's performance.
• Wall Street analysts have varying forecasts for Alibaba, with price targets ranging from $153.00 to $240.00, showcasing a mix of optimism and caution in ratings.

Eos Management L.P. increased its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 12.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,447 shares of the specialty retailer's stock after acquiring an additional 7,342 shares during the period. Alibaba Group makes up about 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.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BABA. Accent Capital Management LLC raised its stake in shares of Alibaba Group by 5.5% during the 1st quarter. Accent Capital Management LLC now owns 1,582 shares of the specialty retailer's stock worth $209,000 after buying an additional 82 shares during the last quarter. Greenleaf Trust increased its holdings in Alibaba Group by 1.0% during the 1st quarter. Greenleaf Trust now owns 8,336 shares of the specialty retailer's stock valued at $1,102,000 after acquiring an additional 85 shares in the last quarter. Principal Securities Inc. raised its position in Alibaba Group by 0.5% during the first quarter. Principal Securities Inc. now owns 16,823 shares of the specialty retailer's stock worth $2,225,000 after acquiring an additional 89 shares during the last quarter. CWM LLC raised its position in Alibaba Group by 0.8% during the second quarter. CWM LLC now owns 12,029 shares of the specialty retailer's stock worth $1,364,000 after acquiring an additional 92 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Alibaba Group by 1.0% in the second quarter. Fifth Third Bancorp now owns 9,779 shares of the specialty retailer's stock valued at $1,109,000 after purchasing an additional 94 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Stock Performance

Alibaba Group stock opened at $167.03 on Monday. The stock has a fifty day moving average price of $150.98 and a 200 day moving average price of $128.64. Alibaba Group Holding Limited has a 52 week low of $80.06 and a 52 week high of $192.67. The firm has a market capitalization of $398.21 billion, a P/E ratio of 19.42, a PEG ratio of 2.23 and a beta of 0.18. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.19.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Robert W. Baird raised their price objective on shares of Alibaba Group from $153.00 to $174.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 24th. JPMorgan Chase & Co. dropped their price target on Alibaba Group from $245.00 to $240.00 and set an "overweight" rating for the company in a research report on Thursday, October 9th. Zacks Research downgraded Alibaba Group from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 14th. Bank of America lifted their price objective on Alibaba Group from $168.00 to $195.00 and gave the stock a "buy" rating in a research report on Wednesday, September 24th. Finally, Mizuho upped their target price on shares of Alibaba Group from $149.00 to $159.00 and gave the company an "outperform" rating in a report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Alibaba Group has an average rating of "Moderate Buy" and a consensus target price of $188.06.

Alibaba Group Company Profile

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.

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