14 Best Affordable Stocks to Buy According to Hedge Funds

7. JD.com, Inc. (NASDAQ:JD)

Number of Hedge Fund Holders: 78

Share Price as of March 22: $42.24

P/E Ratio as of March 22: 11.35

JD.com, Inc. (NASDAQ:JD), a major e-commerce and supply chain company in China, operates an online platform selling electronics, home goods, personal care, and wellbeing products. In addition to that, the company provides logistics, digital solutions, and asset management services to businesses. It is one of the best affordable stocks that investors should look out for.

JD.com, Inc. (NASDAQ:JD)’s Q4 revenue increased 13.4% year-over-year to $147.5 billion, with full-year revenue up 6.8% to $158.8 billion. Operating income surged to $1.2 billion in Q4, compared to $0.3 billion the previous year, while full-year operating income reached $5.3 billion. Net income for shareholders nearly tripled in Q4 to $1.4 billion and totaled $5.7 billion for the year, reflecting solid financial performance.

On March 6, JD.com, Inc. (NASDAQ:JD) declared a $1 per ADS annual cash dividend, reflecting a 31.6% increase from the last dividend of $0.76. The dividend is distributable on April 29, to shareholders on record as of April 8. Last year, JD bought back 255.3 million shares for $3.6 billion, reducing its outstanding shares by 8.1%. The company also initiated a new $5 billion repurchase plan running through August 2027.

According to Insider Monkey’s fourth-quarter database, 78 hedge funds were long JD.com, Inc. (NASDAQ:JD), compared to 75 funds in the last quarter.