Brandes Investment Partners LP Sells 17,993 Shares of Alibaba Group Holding Limited $BABA
Brandes Investment Partners LP reduced its stake in Alibaba Group Holding Limited (NYSE:BABA) by 2.7% in the fourth quarter, selling 17,993 shares and holding 639,228 shares valued at $93.7 million. Despite this reduction, other institutional investors, such as Northwestern Mutual Wealth Management Co. and Capital World Investors, significantly increased their positions in Alibaba. The company also announced an annual dividend of $1.05 per share, payable on July 13th, and has received varied analyst ratings, with an average "Moderate Buy" and a consensus target price of $188.76.
https://www.marketbeat.com/instant-alerts/filing-brandes-investment-partners-lp-sells-17993-shares-of-alibaba-group-holding-limited-baba-2026-06-10/