Fahad Saleem
3 min read
In This Article:
CNBC host and analyst Joe Terranova recently said in a program that he sold Alibaba Group Holding Limited (NYSE:BABA).
“Bought it February 12th at 118, sold half at 135 the end of March, sold out of it today completely. Gave this the trade basically 90 days to work. It's right back to where I bought it initially. I know everyone's going to say "Well David Tepper in it." But David Ter's not calling me to tell me how he's managing the position.”
Appaloosa Management of David Tepper owns 9.23 million shares of Alibaba Group Holding Ltd (NYSE:BABA) as of the end of the first quarter.
An e-commerce platform displaying a wide range of products to customers online.
Loomis Sayles Global Growth Fund stated the following regarding Alibaba Group Holding Limited (NYSE:BABA) in its Q1 2025 investor letter:
“Alibaba Group Holding Limited (NYSE:BABA) is a leading China e-commerce and consumer-engagement platform provider, operating several businesses across commerce, technology, advertising, digital media and entertainment, logistics, payments, and local services. With over 40% of China’s e-commerce transactions estimated to take place through its Taobao and Tmall marketplaces, we believe Alibaba’s scale and brand would be difficult-to-replicate.
