Hexagon Capital Partners LLC Sells 5,887 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Hexagon Capital Partners LLC cut its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 44.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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.

Several other institutional investors also recently modified their holdings of the stock. Bruce G. Allen Investments LLC bought a new stake in Alibaba Group during the first quarter worth about $31,000. Inlight Wealth Management LLC acquired a new stake in Alibaba Group in the first quarter worth $31,000. Valley National Advisers Inc. raised its holdings in Alibaba Group by 151.9% in the first quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 161 shares during the period. LFA Lugano Financial Advisors SA acquired a new stake in shares of Alibaba Group during the first quarter worth $35,000. Finally, ORG Partners LLC raised its holdings in shares of Alibaba Group by 950.0% during the first quarter. ORG Partners LLC now owns 315 shares of the specialty retailer's stock worth $42,000 after acquiring an additional 285 shares during the period. Institutional investors own 13.47% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Loop Capital set a $176.00 price target on shares of Alibaba Group in a report on Friday, May 16th. Mizuho dropped their target price on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Wall Street Zen cut shares of Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Citigroup dropped their price target on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Robert W. Baird reduced their price objective on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $154.13.

Alibaba Group Stock Down 2.0%

Shares of NYSE BABA traded down $2.17 during mid-day trading on Monday, hitting $106.53. The company had a trading volume of 7,226,133 shares, compared to its average volume of 19,946,048. Alibaba Group Holding Limited has a one year low of $72.95 and a one year high of $148.43. 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 company has a market capitalization of $254.21 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 0.47 and a beta of 0.22. The firm has a 50-day simple moving average of $119.19 and a two-hundred day simple moving average of $114.03.

Alibaba Group Cuts Dividend

The business also recently declared a -- dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's dividend payout ratio (DPR) is currently 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.