5 Most Undervalued Stocks To Buy Now

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1. Alibaba Group Holding Limited (NYSE:BABA)

Number of Q4 2023 Hedge Fund Shareholders: 116

Trailing P/E Ratio: 13.34

Average Analyst Share Price Upside: 50.60%

Alibaba Group Holding Limited (NYSE:BABA) is a Chinese technology and eCommerce firm headquartered in Hangzhou, China. Its chairman Joe Tsai was out with a set of rather candid remarks in April 2024 when he shared that Chinese firms lagged their American peers by at least two years in artificial intelligence development.

116 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 survey had invested in Alibaba Group Holding Limited (NYSE:BABA). David Tepper’s Appaloosa Management LP owned the biggest stake which was worth $337 million.

Follow Alibaba Group Holding Limited (NYSE:BABA)

Disclosure: None. You can also take a look at the 15 Biggest Waste Management Companies in the World and 11 Oversold Energy Stocks You Can Buy Right Now.

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