5 Best Stocks to Buy According to Billionaire Izzy Englander

4. Alibaba Group Holding Limited (NYSE: BABA) 

Englander’s Stake Value: $766,009,000
Percentage of Izzy Englander’s 13F Portfolio: 0.46%
Number of Hedge Fund Holders: 146

Alibaba Group Holding Limited (NYSE: BABA), through its subsidiaries, provides merchants, brands, retailers, and other companies with technical infrastructure and marketing reach to interact with their users and consumers globally. It was incorporated in 1999 and stands fourth on the list of 10 best stocks to buy according to billionaire Izzy Englander. Alibaba Group Holding Limited (NYSE: BABA) currently has a market capitalization of $476.7 billion. 

On September 6, KGI Securities initiated coverage of Alibaba Group Holding Limited (NYSE: BABA) with a “Neutral” rating and HK$205 price target.

The hedge fund managed by Izzy Englander owns 3.38 million shares in Alibaba Group Holding Limited (NYSE: BABA), worth over $766 million, representing 0.46% of their portfolio. Millennium Management has decreased its stake in the firm by 17% in the second quarter of 2021. Alibaba Group Holding Limited (NYSE: BABA) saw an increase in hedge fund sentiment recently. The number of long hedge fund positions increased to 146 in the second quarter of 2021, compared to 135 positions in the previous quarter.

Tweedy, Browne Company LLC, in its second-quarter 2021investor letter, mentioned Alibaba Group Holding Limited (NYSE: BABA). Here is what the fund said: 

“A position that we established around year-end, and have added to across three of our Funds during the quarter, is Alibaba, the Chinese internet giant. Our pricing opportunity in these shares is in part related to increased regulatory scrutiny of the internet sector by the Chinese government which we continue to monitor closely…” (Click here to see the full text)