|Bid||360.00 x 1100|
|Ask||365.24 x 800|
|Day's Range||363.00 - 366.04|
|52 Week Range||298.00 - 415.66|
|Beta (5Y Monthly)||0.71|
|PE Ratio (TTM)||4.44|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Recently a number of reports emerged, including a Jan. 5 article in Barron’s magazine, that Charlie Munger has “doubled down” into shares of Alibaba Group Holding (NYSE:BABA). In the past, I have written why BABA stock looks cheap. But I wanted to write about why he might see Alibaba as a worthwhile investment to buy more shares. Source: Nopparat Khokthong / Shutterstock.com Charlie Munger is 98 years old and is the Vice Chairman of Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B). He has worked with
What happened Shares of Chinese e-commerce giant Alibaba Group Holding (NYSE: BABA) stock bounced back from yesterday's tech stock sell-off to gain 5.1% as of 10:45 a.m. ET Wednesday. And you can thank legendary investor Charlie Munger for that.
The U.S. company raised its holding by 99.3% to 602,060 sponsored American Depository Shares as of Dec. 31, Daily Journal said in a regulatory filing on Tuesday, making the stake worth about $72 million as of Jan. 4. Munger, 98, has long been bullish on China. The vice chairman of Berkshire Hathaway had previously praised the country's crackdown on Jack Ma's Ant Group, the fintech giant whose record $37 billion IPO was derailed by regulators in November 2020.