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Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Business

Business & Economics

Alibaba Group Holding (BABA): The Best Emerging Markets Stock to Buy According to Hedge Funds

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
Summary
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84% Informative

Alibaba Group Holding Limited (NYSE:BABA) is a multinational conglomerate operating across e-commerce, cloud computing services, digital media and digital media platforms.

Alibaba is the number of hedge funds holding the largest number of funds owning the stock as of Q4 2024 .

Alibaba has returned 373.4% since May 2014 , beating its benchmark benchmark by 218 percentage points.

Alibaba Group Holding Limited (NYSE:BABA) showed strong momentum across its core businesses in 2024 .

Cloud division posted solid growth, with revenue (excluding Alibaba -consolidated subsidiaries) rising 11% , while AI -related product revenue continued to see triple-digit growth for the sixth straight quarter .

BABA remains on solid footing with a strong net cash position and continued efforts to streamline its balance sheet.