Big Investors Shed Tech Stocks as Markets Tumbled Last Quarter [The New York Times]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: The New York Times
DealBook Business and Policy Get the DealBook newsletter to make sense of major and policy headlines — and the power-brokers who shape them. __________ Bets on Big Tech became, in Wall Street parlance, crowded last year. The belief that shares of the ’s giants — Alibaba, Alphabet, Amazon, Apple, Baidu, Facebook, Netflix and Tencent — would continue to rise became universally popular among some of the biggest names in investing. Last quarter, sentiment reversed, and those same investors dumped their shares. Investment firms run by George Soros and David Tepper unloaded their shares of Apple during the fourth quarter, according to filings Thursday with the Securities and Exchange Commission. The hedge fund Jana Partners also reduced its stake in the iPhone maker last quarter. Even Berkshire Hathaway, which has spent the past three years gobbling up shares of Apple, cut back its holdings in the company. And Apple was not the only titan that big investors were selling last quarter. Jan
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BABA
Earnings
- 2/7/24 - Beat
BABA
Sec Filings
- 4/2/24 - Form 6-K
- 3/26/24 - Form 6-K
- 2/23/24 - Form 20-F/A
- BABA's page on the SEC website