The average analyst price target on Alibaba is just over $120 with two analysts forecasting prices of at least $130. The stock currently trades around $106.
The newly minted Emerging Markets Internet & Ecommerce ETF (NYSEArca: EMQQ) is another idea for investors to consider in the search for Chinese Internet exposure. EMQQ, which debuted in November, is not a dedicated China ETF, but the Emerging Markets Internet & Ecommerce Index devotes a significant portion of its weight to Chinese Internet names, including Alibaba, Tencent Holdings (OTC: TCEHY), JD.com.(NasdaqGS: JD), Baidu (NasdaqGS: BIDU) and Vipshop. Those stocks combine for a third of the index’s weight.
Nearly 30 of EMQQ’s holdings are Chinese companies. EMQQ’s underlying index allocates a combined 7.5% to Vipshop and Bitauto.
KraneShares CSI China Internet Fund
Todd Shriber owns shares of Alibaba.