5 Best Emerging Market Stocks to Buy According to Hedge Funds

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1. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Holders: 113

Alibaba Group Holding Limited (NYSE:BABA) is the best emerging market stock to buy now. 113 hedge funds disclosed having stakes in the company at the end of Q4 2022. The total value of these stakes amounted to $5.65 billion.

This April, HSBC analyst Charlene Liu raised her price target on Alibaba Group Holding Limited (NYSE:BABA) to $143 from $138 and maintained a Buy rating on the shares. As of April 7, the stock has gained 29.66% over the past 6 months.

As of December 31, Coatue Management is the largest shareholder in Alibaba Group Holding Limited (NYSE:BABA) and has a stake worth $440.5 million.

Follow Alibaba Group Holding Limited (NYSE:BABA)

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