That's a swarm - get in touch with your local beekeepers group/organisation and someone will probably come and collect it.

Otherwise don't fret, the bees will do their thing. Scout bees will leave the swarm and look for a new home for the colony (the queen plus a third to a half of the original hive). They report back with details, and a collective decision is made on the best choice. The swarm will then leave. (Honeybee Democracy https://press.princeton.edu/books/hardcover/9780691147215/honeybee-democracy is a good read on this.)

Back home the rest of the colony have a new queen pupating. She'll eventually hatch out, go on a mating flight, and come back to start laying eggs.

Good things to do: call a bee keeper. Do this.

Bad things to do: throw rocks. Don't do this.

That is likely a new swarm looking for a home. When an established hive gets too crowded, they will create a new queen who will then fly away with a subset of the workers to establish a new hive.

If you want to make your local beekeeper's club very happy, call them and tell them where this swarm is! They will come and collect it.

chillin' out, maxin', relaxin' all cool and all shootin' some bee ball outside of the school

when a couple of hives who were up to no good started makin' trouble in my neighborhood

Get two more and juggle them. Please post the video.

Bzz it, we ball.

Yo dawg, you wanna play some b-ball?

It looks kind of heart shaped