Was Ronald Hua’s QTRON Investments Right About These 5 Stocks?

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1. Alibaba Group Holding Limited (NYSE:BABA)

QTRON Investments’ Stake Value: $22.2 million
Percentage of QTRON Investments’ 13F Portfolio: 5.97%
Alibaba’s Performance Over the Past 12 Months as of November 19: -42%

Ranked first on the list of top 10 stock picks of Ronald Hua’s QTRON Investments is Alibaba Group Holding Limited (NSYE:BABA). It is the largest online and mobile commerce company in the world. The company is engaged in operating China’s online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer).

According to the 13F Filings for the third quarter of 2021, Alibaba Group Holding Limited (NYSE:BABA) represents 5.97% of the total investment portfolio. By the end of September, 115 hedge funds tracked by Insider Monkey held positions in Alibaba Group Holdings Limited (NYSE:BABA). These stakes are valued at $10.2 billion. In the quarter ended September, Alibaba Group Holding Limited (NYSE:BABA) posted EPS of $1.76, missing the estimates by $0.19.

CLSA analyst Elinor Leung kept the buy rating on Alibaba Group Holding Limited (NYSE:BABA), but decreased the price target to $250 from $273. The analyst believes in the company’s strategic investments.

Baron Funds, an asset management firm, published its third-quarter 2021 investor letter and mentioned Alibaba Group Holding Limited (NYSE:BABA). Here is what the fund has to say:

“Alibaba Group Holding Limited is the largest retailer and e-commerce company in China. Alibaba operates shopping platforms Taobao and T-Mall and owns 33% of Ant Group, which operates Alipay, China’s largest thirdparty online payment provider. Shares of Alibaba were down given crackdowns by Chinese regulators on various aspects of digital technology and consumer data, as President Xi and the Chinese Communist Party seek to seize greater control of social discourse and consumer data and curb monopolistic behavior. We decreased our Alibaba weighting in light of this uncertainty. Despite the uncertain environment, we do retain conviction that Alibaba will benefit from rapid growth in cloud services, logistics, and digital retail.”

You can also take a peek at 10 Best Stocks Under $10 to Buy Right Now and 10 Best Oil Stocks to Buy Amid Post-COVID Demand Boom and Price Volatility.

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