5 Best Cash App Stocks To Buy Now

3. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Investors In Q2 2023: 112

Alibaba Group Holding Limited (NYSE:BABA) is a Chinese technology behemoth. Among the countless products and services in its portfolio is AliPay, which allows digital payments through smartphones. A steady recovery in China after lock down restrictions were lifted has helped Alibaba Group Holding Limited (NYSE:BABA) since it has beaten analyst EPS estimates in all four of its latest quarters.

By the end of this year’s second quarter, 112 out of the 910 hedge funds part of Insider Monkey’s database had bought Alibaba Group Holding Limited (NYSE:BABA)’s shares. David Tepper’s Appaloosa Management LP is the biggest investor among these since it owns $372 million worth of shares.

Follow Alibaba Group Holding Limited (NYSE:BABA)