Eos Management L.P. Grows Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Eos Management L.P. increased its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 48.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,105 shares of the specialty retailer's stock after buying an additional 19,998 shares during the quarter. Alibaba Group comprises approximately 3.6% of Eos Management L.P.'s holdings, making the stock its 7th largest holding. Eos Management L.P.'s holdings in Alibaba Group were worth $8,080,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. LRI Investments LLC raised its holdings in shares of Alibaba Group by 27.6% in the first quarter. LRI Investments LLC now owns 2,185 shares of the specialty retailer's stock worth $289,000 after buying an additional 473 shares during the period. Pittenger & Anderson Inc. grew its position in Alibaba Group by 76.7% in the 1st quarter. Pittenger & Anderson Inc. now owns 32,600 shares of the specialty retailer's stock valued at $4,311,000 after acquiring an additional 14,150 shares during the last quarter. Stephens Inc. AR increased its stake in Alibaba Group by 1.6% in the first quarter. Stephens Inc. AR now owns 7,366 shares of the specialty retailer's stock worth $974,000 after purchasing an additional 118 shares during the period. Kathmere Capital Management LLC lifted its position in shares of Alibaba Group by 72.1% during the first quarter. Kathmere Capital Management LLC now owns 9,159 shares of the specialty retailer's stock worth $1,211,000 after purchasing an additional 3,838 shares during the last quarter. Finally, Ballentine Partners LLC lifted its position in shares of Alibaba Group by 5.5% during the first quarter. Ballentine Partners LLC now owns 14,651 shares of the specialty retailer's stock worth $1,937,000 after purchasing an additional 759 shares during the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BABA. Robert W. Baird reduced their price target on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Wall Street Zen lowered shares of Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Arete downgraded shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price target for the company. in a research note on Tuesday, June 24th. Arete Research cut Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 24th. Finally, Morgan Stanley set a $180.00 target price on Alibaba Group in a research report on Wednesday, May 14th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Alibaba Group presently has an average rating of "Moderate Buy" and a consensus price target of $153.13.

Alibaba Group Trading Up 0.1%

BABA opened at $106.72 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. The firm has a market cap of $254.66 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 0.46 and a beta of 0.21. Alibaba Group Holding Limited has a 12 month low of $73.87 and a 12 month high of $148.43. The stock has a fifty day moving average price of $117.76 and a 200-day moving average price of $114.58.

Alibaba Group Cuts Dividend

The company also recently announced a -- dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th were issued a $0.95 dividend. The ex-dividend date was Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's dividend payout ratio is presently 12.75%.

Alibaba Group 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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