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

Hexagon Capital Partners LLC reduced its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 44.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BABA. Brighton Jones LLC lifted its position in shares of Alibaba Group by 40.4% during the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer's stock worth $289,000 after purchasing an additional 981 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Alibaba Group by 96.0% during the fourth quarter. Bank of New York Mellon Corp now owns 172,748 shares of the specialty retailer's stock worth $14,647,000 after purchasing an additional 84,604 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Alibaba Group during the fourth quarter worth $1,063,000. Assetmark Inc. lifted its position in shares of Alibaba Group by 3,405.5% during the fourth quarter. Assetmark Inc. now owns 13,917 shares of the specialty retailer's stock worth $1,180,000 after purchasing an additional 13,520 shares in the last quarter. Finally, Atria Investments Inc lifted its position in shares of Alibaba Group by 1.2% during the fourth quarter. Atria Investments Inc now owns 35,191 shares of the specialty retailer's stock worth $2,984,000 after purchasing an additional 414 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Price Performance

Shares of Alibaba Group stock traded down $2.04 on Friday, hitting $108.67. The company had a trading volume of 11,847,157 shares, compared to its average volume of 19,992,757. The business has a 50-day simple moving average of $119.19 and a 200-day simple moving average of $113.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market cap of $259.31 billion, a PE ratio of 14.59, a PEG ratio of 0.47 and a beta of 0.22. Alibaba Group Holding Limited has a 52 week low of $72.95 and a 52 week high of $148.43.

Alibaba Group Cuts Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BABA shares. Morgan Stanley set a $180.00 target price on shares of Alibaba Group in a research report on Wednesday, May 14th. Arete Research lowered shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 24th. Mizuho dropped their price target on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Loop Capital set a $176.00 price target on shares of Alibaba Group in a research note on Friday, May 16th. Finally, Wall Street Zen lowered shares of Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $154.13.

About Alibaba Group

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.