Hexagon Capital Partners LLC Has $997,000 Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Hexagon Capital Partners LLC boosted its position in Alibaba Group Holding Limited (NYSE:BABA) by 106.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,783 shares of the specialty retailer’s stock after buying an additional 7,119 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Alibaba Group were worth $997,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of BABA. Baystate Wealth Management LLC increased its stake in shares of Alibaba Group by 184.6% in the fourth quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 216 shares during the period. EdgeRock Capital LLC bought a new position in Alibaba Group in the 4th quarter worth approximately $26,000. Anchor Investment Management LLC acquired a new position in shares of Alibaba Group during the fourth quarter worth approximately $31,000. Headinvest LLC bought a new stake in shares of Alibaba Group in the third quarter valued at approximately $35,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of Alibaba Group in the fourth quarter worth $32,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of NYSE BABA traded up $0.18 during mid-day trading on Monday, hitting $72.18. 8,982,206 shares of the stock were exchanged, compared to its average volume of 17,734,590. The company has a market cap of $183.16 billion, a P/E ratio of 16.84, a PEG ratio of 0.44 and a beta of 0.33. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 1.79. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $102.50. The stock’s fifty day simple moving average is $78.23 and its two-hundred day simple moving average is $75.03.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.13. The firm had revenue of $30.73 billion during the quarter, compared to the consensus estimate of $30.59 billion. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. As a group, analysts forecast that Alibaba Group Holding Limited will post 6.96 EPS for the current fiscal year.

Alibaba Group Dividend Announcement

The business also recently disclosed a None dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 13th will be issued a dividend of $1.66 per share. This represents a yield of 3%. The ex-dividend date of this dividend is Thursday, June 13th. Alibaba Group’s dividend payout ratio is currently 22.84%.

Wall Street Analyst Weigh In

BABA has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price target on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. Morgan Stanley restated an “equal weight” rating and set a $85.00 price target on shares of Alibaba Group in a research note on Tuesday, April 9th. Mizuho decreased their price objective on Alibaba Group from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Benchmark restated a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research report on Wednesday, May 15th. Finally, Barclays reduced their target price on Alibaba Group from $109.00 to $107.00 and set an “overweight” rating for the company in a research report on Thursday, May 16th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $108.79.

Alibaba Group 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.