Federated Hermes Inc. Acquires 24,243 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Federated Hermes Inc. increased its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,665,737 shares of the specialty retailer's stock after purchasing an additional 24,243 shares during the period. Federated Hermes Inc. owned approximately 0.07% of Alibaba Group worth $129,111,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BABA. Princeton Global Asset Management LLC bought a new position in Alibaba Group during the third quarter valued at approximately $26,000. Householder Group Estate & Retirement Specialist LLC bought a new position in Alibaba Group during the third quarter valued at approximately $27,000. GPS Wealth Strategies Group LLC grew its position in Alibaba Group by 116.7% during the third quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer's stock valued at $28,000 after acquiring an additional 175 shares during the last quarter. Baystate Wealth Management LLC grew its position in Alibaba Group by 184.6% during the fourth quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer's stock valued at $26,000 after acquiring an additional 216 shares during the last quarter. Finally, First Command Advisory Services Inc. purchased a new stake in shares of Alibaba Group during the third quarter valued at approximately $30,000. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Up 0.1 %

Alibaba Group stock traded up $0.06 on Thursday, hitting $68.88. 9,465,112 shares of the stock traded hands, compared to its average volume of 18,269,578. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. The firm has a market cap of $174.78 billion, a P/E ratio of 12.71 and a beta of 0.46. The business's fifty day simple moving average is $73.20 and its 200 day simple moving average is $76.00. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $102.50.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 EPS for the quarter, missing the consensus estimate of $19.12 by ($0.15). Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The firm had revenue of $260.35 billion for the quarter, compared to analysts' expectations of $260.26 billion. During the same period in the prior year, the business posted $2.44 EPS. The business's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Alibaba Group Holding Limited will post 7.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BABA has been the subject of a number of analyst reports. Macquarie lowered Alibaba Group from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $88.50 to $85.40 in a research note on Thursday, February 8th. Robert W. Baird dropped their price objective on Alibaba Group from $95.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, January 19th. StockNews.com raised Alibaba Group from a "hold" rating to a "buy" rating in a research note on Tuesday, February 27th. Mizuho reissued a "buy" rating and set a $95.00 price objective on shares of Alibaba Group in a research note on Wednesday, March 27th. Finally, The Goldman Sachs Group dropped their price target on Alibaba Group from $121.00 to $105.00 and set a "buy" rating for the company in a research note on Thursday, February 8th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $112.91.

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.