10 Best Undervalued Stocks to Buy According to Billionaires

4. JD.com Inc. (NASDAQ:JD)

Number of Billionaire Investors: 18; Holdings: $1.8 Billion

Number of Hedge Fund Holders: 78

Forward P/E: 9.3

JD.com Inc. (NASDAQ:JD) is one of China’s largest e-commerce platforms, known for its strong logistics network and commitment to product authenticity. Unlike traditional marketplace models, JD.com controls its own supply chain, offering fast and reliable deliveries through its extensive warehousing and fulfillment infrastructure.

Following strong 2024 earnings results, a Mizuho analyst raised the price target on JD.com Inc. (NASDAQ:JD) from $43 to $50 while reiterating an Outperform rating. The analyst noted that JD.com delivered better-than-expected results, with revenue growth and margin expansion driven by government trade-in programs for appliances and electronics, as well as an improved supermarket selection. The increase in price target reflected the company’s solid performance and positive outlook.