10 Best Foreign Stocks to Buy According to Billionaires

2. PDD Holdings Inc. (NASDAQ:PDD)

Number of Billionaire Investors: 21

Value of Billionaire Holdings: $2.14 billion

PDD Holdings Inc. (NASDAQ:PDD) is a global commerce company behind Pinduoduo, a popular e-commerce platform, and Temu, an online marketplace. The company was originally known as Pinduoduo Inc, and it rebranded to PDD Holdings Inc in 2023. Founded in 2015, it is headquartered in Dublin, Ireland. It is one of the best foreign stocks to buy according to billionaires.

On March 21, Bank of America analyst Joyce Ju maintained a Hold rating on PDD Holdings Inc. (NASDAQ:PDD) with a price target of $140. The company’s financial performance somewhat underwhelmed the analyst, since revenue growth in 2024 did not meet Street estimates.

PDD Holdings Inc. (NASDAQ:PDD)’s revenue increased 24% year-over-year to $15.15 billion in the fourth quarter of 2024, driven by increased online marketing and transaction services. Earnings per share came in at $2.71, and diluted EPS was $2.54 for Q4. The company generated $4.05 billion in operating cash flow. By the end of 2024, cash reserves had grown significantly to $45.4 billion, compared to $31.6 billion in 2023.

Artisan Partners Limited Partnership raised its position in PDD during the fourth quarter by 56.4%. The firm purchased 375,586 shares during Q4, bumping its total stake to over 1 million shares, worth $101 million.