Hexagon Capital Partners LLC Lowers Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Hexagon Capital Partners LLC reduced its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 44.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,281 shares of the specialty retailer’s stock after selling 5,887 shares during the period. Hexagon Capital Partners LLC’s holdings in Alibaba Group were worth $963,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Inlight Wealth Management LLC purchased a new position in Alibaba Group in the 1st quarter worth approximately $31,000. Bruce G. Allen Investments LLC bought a new stake in shares of Alibaba Group during the 1st quarter worth $31,000. LFA Lugano Financial Advisors SA purchased a new position in Alibaba Group in the first quarter worth $35,000. Valley National Advisers Inc. increased its stake in Alibaba Group by 151.9% in the first quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 161 shares during the last quarter. Finally, ORG Partners LLC raised its position in Alibaba Group by 950.0% during the first quarter. ORG Partners LLC now owns 315 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Alibaba Group stock opened at $108.67 on Friday. Alibaba Group Holding Limited has a 1-year low of $72.95 and a 1-year high of $148.43. The firm has a market cap of $259.31 billion, a P/E ratio of 14.59, a P/E/G ratio of 0.47 and a beta of 0.22. 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 50-day moving average of $119.19 and a 200-day moving average of $113.82.

Alibaba Group Cuts Dividend

The firm also recently disclosed a — dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a $0.95 dividend. The ex-dividend date is Thursday, June 12th. This represents a dividend yield of 0.8%. Alibaba Group’s dividend payout ratio is currently 13.83%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BABA. Arete Research cut Alibaba Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 24th. Mizuho cut their target price on Alibaba Group from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, May 16th. Citigroup reduced their price target on shares of Alibaba Group from $170.00 to $169.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Wall Street Zen lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Friday, June 27th. Finally, Morgan Stanley set a $180.00 target price on shares of Alibaba Group in a report on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and an average target price of $154.13.

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.