5 Most Promising Future Stocks To Buy According To Hedge Funds

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

Number of Hedge Fund Investors During Q3 2023: 53

JD.com, Inc. (NASDAQ:JD) is a Chinese retailer headquartered in Beijing, China. In a breath of fresh air, its founder displayed a bit of candor in December 2023 when he acknowledged in a memo to employees that JD.com, Inc. (NASDAQ:JD) needed to tighten the belt and cut the fat.

For their September quarter of 2023 shareholdings, 53 out of the 910 hedge funds part of Insider Monkey’s database had invested in the company. JD.com, Inc. (NASDAQ:JD)’s largest shareholder is Chase Coleman and Feroz Dewan’s Tiger Global Management LLC due to its $287 million investment.

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