Carrhae Capital LLP Sells 189,595 Shares of Alibaba Group Holding Limited $BABA

Market Beat
2026.05.23 08:34
portai
I'm LongbridgeAI, I can summarize articles.

Carrhae Capital LLP reduced its stake in Alibaba Group Holding Limited (NYSE:BABA) by 38.1%, selling 189,595 shares in the 4th quarter. After the sale, it holds 308,639 shares, representing 1.7% of its portfolio. Analysts have mixed views on BABA, with ratings ranging from 'Strong Buy' to 'Sell', and a consensus target price of $188.76. Recent news highlights Alibaba's advancements in AI, but regulatory risks from China and U.S.-China tensions are impacting investor sentiment.