5 Best Asian Stocks to Buy Now

Page 5 of 5

1. Alibaba Group Holding Limited (NYSE: BABA

Number of Hedge Fund Holders: 135

Alibaba Group Holding Limited (NYSE: BABA) tops our list of the best Asian stocks to buy now. It is a multinational technology and e-commerce company based in China. 

Alibaba Group Holding Limited (NYSE: BABA) reported revenue of 187 billion CNY in Q1 2021, compared with 114 billion CNY during the same period last year. The stock is also bouncing back after being hit by the Covid-19 pandemic. The share prices have gained 1.4% in the past month. On April 12, the BABA stock grew by over 9% with a share price of $244. This was recorded as the best performance of the stock since mid-October 2020 when it saw its all-time high, with $309.9 per share.

Investors have their eyes on Alibaba Group Holding Limited (NYSE: BABA) stock because of the growth it is projecting. According to the analysts, the revenues are expected to grow by 39% this year. 

As of Q1 2021, 135 hedge funds own positions in Alibaba Group Holding Limited (NYSE: BABA), worth $15.4 billion.

You can also take a peek at 10 Best Technology Stocks That Pay Dividends and 15 Biggest E-Commerce Companies in China.

Page 5 of 5