5 Stocks Under $25 to Buy According to Billionaire Philippe Laffont

2. DiDi Global Inc. (NYSE:DIDI)

Coatue Management’s Stake Value: $301,190,000

Percentage of Coatue Management’s 13F Portfolio: 1.22%

Number of Hedge Fund Holders: 15

Share Price as of January 12: $4.99

Priced at $4.99 as of January 12, DiDi Global Inc. (NYSE:DIDI) is one of the best stocks to buy under $25 according to billionaire Philippe Laffont. DiDi Global Inc. (NYSE:DIDI) is a Chinese company offering vehicles-for-hire, providing cab rides, food delivery, package delivery, freight moving, and bicycle sharing services via an application that operates in Asia Pacific, Latin America, Africa, Central Asia, and Russia.

Philippe Laffont, via Coatue Management, owns 40.4 million DiDi Global Inc. (NYSE:DIDI) shares, worth $301.1 million, accounting for 1.22% of the firm’s Q3 investments.

A total of 15 hedge funds were long DiDi Global Inc. (NYSE:DIDI) as of September 2021, holding stakes amounting to $701.6 million. One of the leading DiDi Global Inc. (NYSE:DIDI) stakeholders is Third Point, with a $99.4 million position in the company. 

Chinese regulators called on top executives of DiDi Global Inc. (NYSE:DIDI) on November 26 to establish a plan to delist from the New York Stock Exchange over data security concerns. The regulators offered alternatives to DiDi Global Inc. (NYSE:DIDI) including privatization or a share float in Hong Kong after a delisting from the United States.