Hexagon Capital Partners LLC Buys 164 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Hexagon Capital Partners LLC increased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,664 shares of the specialty retailer’s stock after buying an additional 164 shares during the period. Hexagon Capital Partners LLC’s holdings in Alibaba Group were worth $517,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Arnhold LLC raised its stake in Alibaba Group by 52.9% in the fourth quarter. Arnhold LLC now owns 185,445 shares of the specialty retailer’s stock worth $14,374,000 after buying an additional 64,196 shares in the last quarter. MONECO Advisors LLC bought a new position in Alibaba Group in the fourth quarter worth approximately $388,000. Pekin Hardy Strauss Inc. raised its stake in Alibaba Group by 17.9% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 7,882 shares of the specialty retailer’s stock worth $611,000 after buying an additional 1,195 shares in the last quarter. Choreo LLC grew its holdings in Alibaba Group by 13.0% in the fourth quarter. Choreo LLC now owns 3,209 shares of the specialty retailer’s stock worth $252,000 after purchasing an additional 369 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Alibaba Group by 2.2% in the fourth quarter. Russell Investments Group Ltd. now owns 992,784 shares of the specialty retailer’s stock worth $76,951,000 after purchasing an additional 21,228 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Mizuho reaffirmed a “buy” rating and issued a $95.00 price target on shares of Alibaba Group in a report on Wednesday, March 27th. Barclays cut their price target on shares of Alibaba Group from $138.00 to $109.00 and set an “overweight” rating on the stock in a report on Friday, January 12th. Morgan Stanley reissued an “equal weight” rating and set a $85.00 price objective on shares of Alibaba Group in a report on Tuesday, April 9th. JPMorgan Chase & Co. dropped their price objective on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. Finally, Benchmark reissued a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a report on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $112.91.

Alibaba Group Price Performance

NYSE BABA traded down $1.55 during trading hours on Tuesday, hitting $74.86. 12,840,668 shares of the company’s stock traded hands, compared to its average volume of 17,863,781. The firm’s 50-day moving average is $73.28 and its 200-day moving average is $75.21. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $102.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.80 and a quick ratio of 1.80. The company has a market capitalization of $189.94 billion, a PE ratio of 13.81 and a beta of 0.47.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing the consensus estimate of $19.12 by ($0.15). The firm had revenue of $260.35 billion during the quarter, compared to analysts’ expectations of $260.26 billion. Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the company earned $2.44 EPS. Equities analysts forecast that Alibaba Group Holding Limited will post 7.54 EPS for the current fiscal year.

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.