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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 Limited (BABA): Among Billionaire David Tepper’s Top Stock Picks

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
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David Tepper is the founder and president of Appaloosa Management , a global hedge fund based in Miami Beach , Florida .

Tepper owns the Carolina Panthers of the National Football League ( NFL ) and Charlotte FC of Major League Soccer ( MLS ) In 2018 , he secured third place on Forbes ’ list of the highest-earning hedge fund managers with $1.5 billion in annual earnings.

Alibaba Group Holding Limited (NYSE:BABA) is a Chinese multinational technology conglomerate whose operations span ecommerce, cloud computing, logistics, and digital services.

Alibaba Cloud also returned to doubledigit growth, with revenue up 13% yearoveryear, driven by rapid expansion in AIrelated services.

BABA ranks 1st on our list of billionaire David Tepper’s top stock picks.