5 Stocks to Sell Now According to Billionaire Larry Robbins

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01. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Holders as of Q2 2022: 106

On August 8, Alibaba Group Holding Limited (NYSE:BABA) price target was increased by Deutsche Bank analyst Leo Chiang to $160 from $155 while maintaining a Buy recommendation for the stock. According to Chiang, Alibaba Group Holding Limited (NYSE:BABA) June quarter net income exceeded expectations, and adjusted net margins topped expectations, mainly because losses from new projects were reduced more quickly than anticipated.

Glenview sold 78,789 shares of Alibaba Group Holding Limited (NYSE:BABA) during Q2, worth roughly $8.572 million.

You can also take a peek at 10 Russell 2000 Basic Materials Dividend Stocks to Buy and 10 Utilities Stocks with Over 3% Dividend Yield.

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