PRIMECAP Management acquired 18.2 Million Alibaba Group Holding Ltd shares worth $1.43 Billion. That's 1.06% of their equity portfolio (26th largest holding). The first Alibaba Group Holding Ltd trade was made in Q3 2014. Since then PRIMECAP Management bought shares eighteen more times and sold shares on nineteen occasions. The investor's estimated purchase price is $2.03 Billion, resulting in a loss of 30%.
Management is taking action, signaling it believes its shares are significantly undervalued.
The Motley Fool, 8 days agoThe U.S.-traded shares of XPeng Inc. (NYSE: XPEV ) experienced a notable decline on Friday, following Alibaba Group Holding Limited''s (NYSE: BABA ) announce...
Benzinga, 5 months agoAdam Coons of Winthrop Capital Management says the cheap valuations of some Chinese tech companies cannot be ignored, and investors should look to go overwei...
CNBC, 5 months agoOn October 2, 2023, it was reported that Osborne Partners Capital Management LLC has increased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 11.4...
Best Stocks, 7 months ago