MYDA Advisors LLC Sells 30,000 Shares of Alibaba Group Holding Limited $BABA

Market Beat
2026.06.15 08:59
portai
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MYDA Advisors LLC reduced its stake in Alibaba Group (BABA) by 85.7% in Q4, selling 30,000 shares. Conversely, other institutions like Jennison Associates and Thornburg increased their holdings. Alibaba recently declared a $1.05 annual dividend. Analysts remain mixed but generally positive, with an average 'Moderate Buy' rating and a consensus price target of $188.76. Additionally, reports suggest Alibaba is bidding approximately $1.5 billion to acquire grocery delivery firm Pupu.