Alibaba Group Holding Limited (NYSE:BABA) Stock Holdings Boosted by Federated Hermes Inc.

Federated Hermes Inc. grew its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 54.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,978 shares of the specialty retailer's stock after buying an additional 44,278 shares during the quarter. Federated Hermes Inc.'s holdings in Alibaba Group were worth $10,597,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Foundations Investment Advisors LLC raised its stake in Alibaba Group by 21.1% in the 4th quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer's stock valued at $13,180,000 after purchasing an additional 27,088 shares during the last quarter. Berkshire Asset Management LLC PA acquired a new position in Alibaba Group in the 4th quarter valued at $911,000. Exchange Traded Concepts LLC lifted its stake in shares of Alibaba Group by 131.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer's stock worth $6,343,000 after purchasing an additional 42,446 shares during the period. Bailard Inc. lifted its position in Alibaba Group by 46.3% during the fourth quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer's stock worth $869,000 after buying an additional 3,242 shares during the period. Finally, Park Avenue Securities LLC grew its holdings in Alibaba Group by 31.3% in the 4th quarter. Park Avenue Securities LLC now owns 18,465 shares of the specialty retailer's stock valued at $1,566,000 after buying an additional 4,397 shares during the period. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

BABA has been the subject of a number of recent analyst reports. Citigroup lowered their target price on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Sanford C. Bernstein raised Alibaba Group from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $104.00 to $165.00 in a research note on Tuesday, February 25th. Mizuho boosted their price objective on shares of Alibaba Group from $140.00 to $170.00 and gave the stock an "outperform" rating in a research note on Friday, March 28th. Bank of America raised their price objective on Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Morgan Stanley raised Alibaba Group from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $100.00 to $180.00 in a research report on Monday, February 24th. Fifteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $150.36.

Alibaba Group Stock Performance

NYSE:BABA traded down $1.05 during trading hours on Tuesday, reaching $112.92. 8,100,699 shares of the stock were exchanged, compared to its average volume of 20,536,081. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $148.43. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $268.22 billion, a P/E ratio of 16.31, a P/E/G ratio of 0.61 and a beta of 0.24. The firm has a 50 day simple moving average of $126.89 and a 200-day simple moving average of $104.69.

Alibaba Group (NYSE:BABA - Get Free Report) last released its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The business had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. As a group, sell-side analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

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.