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Cortland Associates Has Lowered Alibaba Gp Hldg LTD (BABA) Stake by $11.85 Million; Endurance Intl Group Hldgs I (EIGI) Share Price Declined While Okumus Fund Management LTD Has Lifted Holding

Endurance International Group Holdings, Inc. (NASDAQ:EIGI) Logo

Ahmet Okumus increased its stake in Endurance Intl Group Hldgs I (EIGI) by 4.93% based on its latest 2017Q4 regulatory filing with the SEC. Okumus Fund Management Ltd bought 601,025 shares as the company’s stock declined 14.12% with the market. The hedge fund run by Ahmet Okumus held 12.80 million shares of the technology company at the end of 2017Q4, valued at $107.53M, up from 12.20M at the end of the previous reported quarter. Okumus Fund Management Ltd who had been investing in Endurance Intl Group Hldgs I for a number of months, seems to be bullish on the $1.05 billion market cap company. The stock decreased 0.67% or $0.05 during the last trading session, reaching $7.4. About 426,885 shares traded or 4.77% up from the average. Endurance International Group Holdings, Inc. (NASDAQ:EIGI) has declined 7.59% since April 26, 2017 and is downtrending. It has underperformed by 19.14% the S&P500.

Cortland Associates Inc decreased its stake in Alibaba Gp Hldg Ltd (BABA) by 22.38% based on its latest 2017Q4 regulatory filing with the SEC. Cortland Associates Inc sold 68,904 shares as the company’s stock rose 3.18% while stock markets declined. The institutional investor held 238,999 shares of the business services company at the end of 2017Q4, valued at $41.21M, down from 307,903 at the end of the previous reported quarter. Cortland Associates Inc who had been investing in Alibaba Gp Hldg Ltd for a number of months, seems to be less bullish one the $446.68 billion market cap company. The stock increased 2.13% or $3.62 during the last trading session, reaching $173.84. About 11.34 million shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 68.29% since April 26, 2017 and is uptrending. It has outperformed by 56.74% the S&P500.

Analysts await Alibaba Group Holding Limited (NYSE:BABA) to report earnings on May, 4 before the open. They expect $0.71 EPS, up 82.05% or $0.32 from last year’s $0.39 per share. BABA’s profit will be $1.82B for 61.21 P/E if the $0.71 EPS becomes a reality. After $1.34 actual EPS reported by Alibaba Group Holding Limited for the previous quarter, Wall Street now forecasts -47.01% negative EPS growth.

Among 38 analysts covering Alibaba (NYSE:BABA), 36 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 171 analyst reports since August 12, 2015 according to SRatingsIntel. On Monday, January 25 the stock rating was maintained by Morgan Stanley with “Overweight”. On Friday, August 12 the stock rating was maintained by Citigroup with “Buy”. M Partners maintained Alibaba Group Holding Limited (NYSE:BABA) rating on Wednesday, August 12. M Partners has “Buy” rating and $115 target. The firm has “Buy” rating given on Thursday, August 13 by Axiom Capital. The rating was maintained by Bank of America on Thursday, September 7 with “Buy”. Robert W. Baird initiated Alibaba Group Holding Limited (NYSE:BABA) rating on Thursday, January 7. Robert W. Baird has “Outperform” rating and $94.0 target. Bank of America maintained it with “Buy” rating and $16100 target in Sunday, June 11 report. Robert W. Baird maintained Alibaba Group Holding Limited (NYSE:BABA) rating on Thursday, November 2. Robert W. Baird has “Buy” rating and $190.0 target. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, September 10 report. Deutsche Bank maintained the shares of BABA in report on Monday, June 12 with “Buy” rating.

Cortland Associates Inc, which manages about $580.00 million and $548.87M US Long portfolio, upped its stake in Danaher Corp (NYSE:DHR) by 13,050 shares to 462,459 shares, valued at $42.93M in 2017Q4, according to the filing. It also increased its holding in Cognizant Tech Sol Cl A (NASDAQ:CTSH) by 22,123 shares in the quarter, for a total of 574,892 shares, and has risen its stake in Perrigo Co Plc (NYSE:PRGO).

Among 10 analysts covering Endurance International Group Holdings (NASDAQ:EIGI), 3 have Buy rating, 3 Sell and 4 Hold. Therefore 30% are positive. Endurance International Group Holdings had 27 analyst reports since November 2, 2015 according to SRatingsIntel. The stock of Endurance International Group Holdings, Inc. (NASDAQ:EIGI) earned “Outperform” rating by Oppenheimer on Thursday, November 5. The stock of Endurance International Group Holdings, Inc. (NASDAQ:EIGI) earned “Outperform” rating by Credit Suisse on Monday, April 4. The stock has “Sell” rating by Goldman Sachs on Tuesday, January 3. The stock of Endurance International Group Holdings, Inc. (NASDAQ:EIGI) earned “Underweight” rating by Morgan Stanley on Tuesday, February 21. Morgan Stanley reinitiated it with “Equal-Weight” rating and $12 target in Monday, March 28 report. The firm earned “Market Perform” rating on Monday, November 2 by Cowen & Co. The company was reinitiated on Friday, March 23 by Goldman Sachs. The company was maintained on Wednesday, November 1 by Jefferies. The firm has “Buy” rating by Jefferies given on Thursday, August 3. Cowen & Co maintained it with “Hold” rating and $9.0 target in Tuesday, October 31 report.

Endurance International Group Holdings, Inc. (NASDAQ:EIGI) Institutional Positions Chart

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