5 Best Economic Recovery Stocks to Buy

2. PDD Holdings Inc. (NASDAQ:PDD)

Number of Hedge Funds In Q1 2023: 62

PDD Holdings Inc. (NASDAQ:PDD) is an electronic commerce company that enables merchants to sell their products to general consumers. A whopping 20 out of 48 analysts had rated the shares as Strong Buy in June, and 25 more had rated them as Buy.

By the end of 2023’s first quarter, 62 out of the 943 hedge funds profiled by Insider Monkey had held the firm’s shares. Among these, Lei Zhang’s Hillhouse Capital Management is PDD Holdings Inc. (NASDAQ:PDD)’s biggest investor through an investment of $807 million.

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