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Should You Invest in Alibaba Group Holding Limited (BABA)?

Soumya Eswaran
·2 分鐘文章

Harding Loevner, an asset management company, released its “Emerging Markets Equity Strategy” first-quarter 2023 investor letter. A copy of the same can be downloaded here. In the first quarter, the strategy returned 3.3% net of fees compared to a 4.02% return for the MSCI Emerging Markets Index. The fund rose as investors weighed the global economic risks related to higher interest rates and prospects for China’s economic recovery. In addition, please check the fund’s top five holdings to know its best picks in 2023.

Harding Loevner Emerging Markets Equity Strategy highlighted stocks like Alibaba Group Holding Limited (NYSE:BABA) in the first quarter 2023 investor letter. Headquartered in Hangzhou, the People’s Republic of China, Alibaba Group Holding Limited (NYSE:BABA) provides technology infrastructure and marketing reach. On June 6, 2023, Alibaba Group Holding Limited (NYSE:BABA) stock closed at $86.70 per share. One-month return of Alibaba Group Holding Limited (NYSE:BABA) was 4.52%, and its shares lost 27.52% of their value over the last 52 weeks. Alibaba Group Holding Limited (NYSE:BABA) has a market capitalization of $222.179 billion.

Harding Loevner Emerging Markets Equity Strategy made the following comment about Alibaba Group Holding Limited (NYSE:BABA) in its Q1 2023 investor letter:

"As Xi Jinping formally commenced his third term as president, Chinese officials asserted their support for the rapid development of the domestic tech sector and suggested that regulators may soften their stance toward the country's internet giants. Meanwhile, Alibaba Group Holding Limited (NYSE:BABA) and JD.com both announced grand restructuring plans to spin off some business units into separate publicly traded entities, which the market applauded."

Alibaba Group Holding Ltd (NYSE:BABA), sign on a building, logo, share, stock, New York, offering
Alibaba Group Holding Ltd (NYSE:BABA), sign on a building, logo, share, stock, New York, offering

Christopher Penler / Shutterstock.com

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Alibaba Group Holding Limited (NYSE:BABA) is in 14th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 128 hedge fund portfolios held Alibaba Group Holding Limited (NYSE:BABA) at the end of first quarter 2023 which was 113 in the previous quarter.

We discussed Alibaba Group Holding Limited (NYSE:BABA) in another article and shared the list of international stocks billionaires are loading up on. In addition, please check out our hedge fund investor letters Q1 2023 page for more investor letters from hedge funds and other leading investors.

 

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Disclosure: None. This article is originally published at Insider Monkey.