Alibaba Group Holding Limited (NYSE:BABA) Holdings Lowered by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC trimmed its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 44.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm 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 reporting period.

A number of other large investors also recently modified their holdings of BABA. Appaloosa LP boosted its position in Alibaba Group by 18.4% during the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock worth $1,004,181,000 after acquiring an additional 1,843,158 shares during the period. Norges Bank acquired a new stake in Alibaba Group in the 4th quarter valued at $585,479,000. Bank of America Corp DE boosted its stake in Alibaba Group by 7.0% in the 4th quarter. Bank of America Corp DE now owns 6,676,773 shares of the specialty retailer's stock valued at $566,124,000 after buying an additional 438,537 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Alibaba Group by 19.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,610,035 shares of the specialty retailer's stock worth $390,885,000 after purchasing an additional 752,275 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Alibaba Group by 3,214.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,378,671 shares of the specialty retailer's stock worth $578,992,000 after acquiring an additional 4,246,564 shares during the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BABA shares. Morgan Stanley set a $180.00 target price on Alibaba Group in a research note on Wednesday, May 14th. Benchmark dropped their price target on Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a research note on Friday, May 16th. Loop Capital set a $176.00 price objective on Alibaba Group in a report on Friday, May 16th. Wall Street Zen lowered Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Finally, Citigroup lowered their price objective on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Three investment 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $154.13.

Alibaba Group Stock Down 2.2%

Shares of BABA stock traded down $2.37 on Monday, reaching $106.33. 17,375,569 shares of the stock were exchanged, compared to its average volume of 19,982,605. 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 business's 50 day moving average price is $119.19 and its 200 day moving average price is $114.03. The company has a market capitalization of $253.73 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 0.47 and a beta of 0.22. Alibaba Group Holding Limited has a twelve month low of $72.95 and a twelve month high of $148.43.

Alibaba Group Cuts Dividend

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

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.