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Fund 1 Investments bought $3.4M in Alibaba shares; Biglari Sardar sold most of its stake.
Fund 1 Investments LLC bought 30,000 shares of Alibaba (BABA) for about $3.4 million in the second quarter, reflecting rising institutional interest.
Meanwhile, Biglari Sardar sold 23,250 shares, cutting its stake by 75% and leaving it with 7,750 shares, or 1.9% of its portfolio.
Alibaba’s stock, trading around $155–$159, has a market cap of $371 billion, a P/E ratio of 21.49, and a “Moderate Buy” analyst rating with a $194 target.
The company operates globally through multiple segments including e-commerce, cloud, and digital media, and is set to report quarterly earnings soon.
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Fund 1 Investments compró $3.4M en acciones de Alibaba; Biglari Sardar vendió la mayor parte de su participación.