
Allianz Asset Management GmbH Sells 79,448 Shares of Alibaba Group Holding Limited $BABA

I'm PortAI, I can summarize articles.
Allianz Asset Management GmbH reduced its stake in Alibaba Group Holding Limited (NYSE:BABA) by 14.1%, selling 79,448 shares in Q3, leaving it with 482,068 shares valued at $86.16 million. Other hedge funds have also adjusted their positions in Alibaba. The stock opened at $163.57, with a market cap of $390.51 billion and a P/E ratio of 22.59. Analysts have mixed sentiments, with 18 rating it a Buy, while some express caution over promotional spending impacting margins.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.

