5 Chinese Stocks Billionaires Are Crazy About

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1. Alibaba Group Holding Limited (NYSE:BABA)

Number of Billionaire Investors In Q3 2023: 22

Alibaba Group Holding Limited (NYSE:BABA) is one of the biggest technology companies in the world, known for its retail and cloud business divisions. The firm has beaten analyst EPS estimates in all four of its latest quarters and analysts have rated the shares as Strong Buy on average and set an average share price target of $125.85.

110 out of the 910 hedge funds part of Insider Monkey’s Q3 2023 database were Alibaba Group Holding Limited (NYSE:BABA)’s shareholders. Ken Fisher’s Fisher Asset Management was the biggest investor out of these since it owns $334 million worth of shares.

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Disclosure: None. You can also take a look at Warren Buffett’s 10 Stock Picks with Huge Upside Potential and 25 Most Valuable European Companies Heading into 2024.

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