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

Market Beat
2026.02.04 10:35
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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.