Alibaba: What Do Top Investors Think Of This Fallen Technology Giant?

For long-term investors, investing in Alibaba is clearly a great opportunity, no matter what Barron’s thinks. Shares trade at a forward P/E of just 20.2, which is only modestly higher than the NASDAQ’s forward P/E of 17.75. China’s economy will eventually recover and Alibaba has a lot of growth ahead.

Many hedge funds still own Alibaba. According to our extensive database of around 730 elite funds, 85 reported owning Alibaba stakes worth $4.77 billion, representing 2.30% of the company’s float, in the latest round of 13F filings, versus 86 funds with $5.8 billion in Alibaba holdings a quarter earlier. Rob Citrone‘s Discovery Capital Management owns 6.52 million shares of Alibaba, while Andreas Halvorsen’s Viking Global owns 6.04 million shares.

Alibaba is a buy for long term investors.

Disclosure: None