5 Stocks To Buy According To Ronald Hua’s QTRON Investments

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1. Alibaba Group Holding Limited (NYSE:BABA)

QTRON Investments’ Stake Value: $34.37 million
Percentage of QTRON Investment’s 13F Portfolio: 8.7%
Number of Hedge Fund Holders: 146

Alibaba Group Holding Company (NYSE:BABA) is a Chinese multinational technology company that specializes in e-commerce, cloud services, and retail. Despite a government crackdown resulting in a pullback in share prices, the company remains a leader in the global technology and retail sectors.

According to the 13F Filings for the second quarter of 2021, the hedge fund managed by Ronald Hua holds 151,561 shares in the company, worth more than $34.37 million, accounting for 8.7% of his fund’s total portfolio value. By the end of June, 146 hedge funds tracked by Insider Monkey have positions in Alibaba Group Holdings Limited (NYSE:BABA), up from 135 in the previous quarter. These stakes are valued at over $16.7 billion.

Among the hedge funds being tracked by Insider Monkey, Ken Fisher’s Fisher Asset Management is a leading shareholder in Alibaba Group Holding Limited (NYSE:BABA) with 14 million shares worth more than $3.2 billion.

On October 25, Truist analyst Youssef Squali lowered his price target on Alibaba Group Holding Limited (NYSE:BABA) to $230 from $260, but maintained a Buy rating on the shares of the company.

You can also take a look at Larry Robbins’ Top Stock Picks and Billionaire Izzy Englander’s Top 10 Stock Picks

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