Alibaba Group Holding Limited $BABA Holdings Lowered by IvyRock Asset Management HK Ltd

Market Beat
2026.06.05 10:21
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IvyRock Asset Management HK Ltd reduced its stake in Alibaba Group by 12.8% in Q4, holding 96,700 shares valued at $14.17 million. Other institutions like Jennison Associates and Thornburg increased their holdings. Meanwhile, Wall Street analysts generally upgraded price targets and ratings for BABA, with JPMorgan, Barclays, and Morgan Stanley raising targets to the $190-$205 range, resulting in a consensus 'Moderate Buy' rating.