Should You Hold Alibaba Group Holding Limited (BABA) for the Long Term?

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Should You Hold Alibaba Group Holding Limited (BABA) for the Long Term?

Insider Monkey2023-09-04

L1 Capital, an investment management firm, released its “L1 Long Short Fund” second quarter 2023 investor letter, a copy of the same can be downloaded here. Global markets were mixed over the quarter,...

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Global markets were mixed over the quarter,...</p>\n\n<a href=\"https://finance.yahoo.com/news/hold-alibaba-group-holding-limited-110138538.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1267930227.SGD","symbol_name":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","start_time":0,"source_url":"https://finance.yahoo.com/news/hold-alibaba-group-holding-limited-110138538.html","article_id":"2364773121","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/G7rebqHRxS15_vQNJeV.Cg--~B/aD02Njk7dz0xMDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/bd5dff01a965b9f53de0a9efb2d88166"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2364773121","pubTimestamp":1693825298,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"L1 Capital, an investment management firm, released its “L1 Long Short Fund” second quarter 2023 investor letter, a copy of the same can bedownloaded here. 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In addition, please check out our hedge fund investor letters Q2 2023page for more investor letters from hedge funds and other leading investors.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","BK4548":"巴美列捷福持仓","BK4565":"NFT概念","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","BK4554":"元宇宙及AR概念","BABAF":"Alibaba Group Holding Limited","BK4531":"中概回港概念","BABA":"阿里巴巴","LU0821914370.USD":"贝莱德亚洲成长领袖A2","BK4534":"瑞士信贷持仓","LU1688375341.USD":"贝莱德中国灵活股票基金","BK4585":"ETF&股票定投概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4575":"芯片概念","BK4587":"ChatGPT概念","BK4558":"双十一","BK4524":"宅经济概念","BK4220":"综合零售","BK4535":"淡马锡持仓","LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","BK4527":"明星科技股","LU1051768304.USD":"贝莱德新兴市场股票收益A6","BK4538":"云计算","BK4579":"人工智能","BK4526":"热门中概股","BK4588":"碎股","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","LU1046422090.SGD":"Fidelity Pacific A-SGD","BK4503":"景林资产持仓","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","BK4122":"互联网与直销零售","BK4502":"阿里概念","BK4505":"高瓴资本持仓","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","BK4581":"高盛持仓","BK4504":"桥水持仓","09988":"阿里巴巴-W"},"translate_title":"你应该长期持有阿里巴巴-SW集团控股有限公司（BABA）吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BABAF":1,"BABA":0.9,"09988":0.6},"content_text":"L1 Capital, an investment management firm, released its “L1 Long Short Fund” second quarter 2023 investor letter, a copy of the same can be downloaded here. Global markets were mixed over the quarter, while the US stock market performed strongly due to the strength in technology mega-cap stocks. The portfolio returned 0.1% in the second quarter compared to 1.0% for the S&P ASX200 Accum Index. For the financial year, the portfolio returned 13.5%. In addition, please check the fund’s top 5 holdings to know about its top bets for 2023.\nL1 Long Short Fund highlighted stocks like Alibaba Group Holding Limited (NYSE:BABA) in the second quarter 2023 investor letter. Based in Hangzhou, the People’s Republic of China, Alibaba Group Holding Limited (NYSE:BABA) offers technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses. On September 1, 2023, Alibaba Group Holding Limited (NYSE:BABA) stock closed at $95.01 per share. One-month return of Alibaba Group Holding Limited (NYSE:BABA) was -1.95%, and its shares gained 3.50% of their value over the last 52 weeks. Alibaba Group Holding Limited (NYSE:BABA) has a market capitalization of $241.97 billion.\nL1 Long Short Fund made the following comment about Alibaba Group Holding Limited (NYSE:BABA) in its second quarter 2023 investor letter:\n\n\"Alibaba Group Holding Limited (NYSE:BABA) (Long -18%) shares weakened in recent months as Chinese reopening strength faded and macro-economic datapoints began sequentially declining. Nevertheless, we believe the Chinese government will use consumption as a key lever to reinvigorate the economy post-COVID lockdowns. Alibaba remains a high-quality business with leading positions in both eCommerce and Public Cloud, and management is taking proactive steps to unlock shareholder value. It has announced plans to split into six major business groups – Cloud Intelligence, Taobao Tmall, Local Services, Global Digital, Cainiao Smart Logistics and Digital Media, and Entertainment Group. Each group will be managed independently, with a separate CEO and board, have the flexibility to raise external capital and potentially pursue separate IPOs. We believe this restructure will be a strong positive catalyst to unlock the sum-of-the-parts valuation upside in the company.\"\n\n Pieter Beens / Shutterstock.com \nAlibaba Group Holding Limited (NYSE:BABA) is in 14th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 112 hedge fund portfolios held Alibaba Group Holding Limited (NYSE:BABA) at the end of second quarter which was 128 in the previous quarter.\nWe discussed Alibaba Group Holding Limited (NYSE:BABA) in another article and shared the list of biggest generative AI companies in the world. In addition, please check out our hedge fund investor letters Q2 2023 page for more investor letters from hedge funds and other leading investors.   \nSuggested Articles:\n\n20 Countries with Highest Rates of Hair Loss\n20 Most Sexist and Misogynistic Countries in the World\n25 Most Illiterate Cities in America\n\nDisclosure: None. This article is originally published at Insider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}