13 Most Undervalued NASDAQ Stocks To Buy According To Hedge Funds

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6. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Holders: 80

Forward P/E Ratio as of March 12: 8.87

Comcast Corporation (NASDAQ:CMCSA) is one of the most undervalued stocks on our list. It is a Pennsylvania-based media and technology firm that operates across Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. On March 11, Comcast announced a free upgrade to Xfinity Internet speeds for over 20 million customers. With this upgrade, upload speeds will increase by 50% to 100%, making it faster to share large files, work remotely, and upload videos to social media.

In 2024, Comcast Corporation (NASDAQ:CMCSA) achieved record revenue of $124 billion and an all-time high adjusted EBITDA of $38 billion. The company also saw a 9% increase in adjusted EPS and generated $12.5 billion in free cash flow, despite facing strong competition and strategic challenges. Total revenue grew by 2% for both the fourth quarter and the full year, driven by steady mid-single-digit growth across primary segments.

Among the hedge funds tracked by Insider Monkey, 80 funds were bullish on Comcast Corporation (NASDAQ:CMCSA) at the end of Q4 2024, compared to 72 funds that invested in the stock in the last quarter. Jean-Marie Eveillard’s First Eagle Investment Management was the biggest stakeholder of the company, with 34.1 million shares worth $1.28 billion.

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