5 Stocks To Buy According To William Dollens’ Global Frontier Investments

4. Alibaba Group Holding Limited (NYSE:BABA)

Global Frontier Investments’ Stake Value: $7,402,000

Percentage of Global Frontier Investments’ 13F Portfolio: 5.40%

Number of Hedge Fund Holders: 115

Alibaba Group Holding Limited (NYSE:BABA) is one of the most popular stocks in Global Frontier Investments’ portfolio at the end of September this year. William Dollens owns 50,000 shares in Alibaba Group Holding Limited (NYSE:BABA), worth $7.40 million, representing 5.40% of Dollens’ 13F portfolio. Alibaba Group Holding Limited (NYSE:BABA) is a Chinese multinational tech corporation that is a leading player in the e-commerce, retail, and internet sectors. 

As of the end of the third quarter of 2021, 115 hedge funds tracked by Insider Monkey’s database of exclusive funds were bullish on Alibaba Group Holding Limited (NYSE:BABA), up from 146 in the prior quarter. 

Jiong Shao, a Barclays analyst, on November 2 initiated coverage of Alibaba Group Holding Limited (NYSE:BABA) with a $275 price target and an Overweight rating. The Chinese tech sector is too good of an investment to pass up, according to Shao, and Alibaba Group Holding Limited (NYSE:BABA) has the most compelling valuation among the companies observed by Barclays. 

Here is what Polen Capital Management has to say about Alibaba Group Holding Limited (NYSE:BABA) in its Q2 2021 investor letter:

“Alibaba also detracted from performance as the company continues to remain under regulatory scrutiny from both the Chinese State Administration for Market Regulation on antitrust concerns and the U.S. Securities and Exchange Commission on ADR listing requirements. Despite the regulatory overhang, we believe that Alibaba’s competitive positioning and growth outlook remains intact, even if the company must pay fines or modify some business practices. We viewed the current valuation at <20x next twelve month’s earnings as a compelling opportunity to add to our position. Alibaba is the second largest position in the Portfolio.”