Campbell Wilson’s Old Well Partners Is Buying These 5 Stocks

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

Old Well Partners’ Stake Value: $13.35 million

Percentage of Old Well Partners’ 13F Portfolio: 6.89%

Number of Hedge Fund Holders: 66

JD.com, Inc. (NASDAQ:JD) is next on the list of top stocks to buy according to Campbell Wilson’s Old Well Partners. According to his Q3 portfolio, Wilson owns around 185,000 shares of JD.com, Inc. (NASDAQ:JD), worth $13.35 million and amounting to a 6.89% slice of his overall portfolio.

On December 7, Macquarie analyst Ellie Jiang resumed coverage of JD.com, Inc. (NASDAQ:JD), setting an ‘Outperform’ rating and a $112 price target. Jiang believes the company will continue its growth momentum heading into 2022 and shows significant strength in its supply chain and logistics infrastructure.

Investment firm Argosy Investors mentioned JD.com, Inc. (NASDAQ:JD) in its investor letter for Q3 2021. Here’s what the fund said:

“We sold JD as a result of the furor over Chinese stocks during the quarter. We had been concerned about China’s lack of respect for investor rights for some time, and Beijing has become significantly more aggressive in asserting itself of late. In addition, the legal structure Chinese companies use to come public in the U.S., a Cayman Islands shell corporation leaves American investors with an unsure path to recovering value should these companies cease to trade on U.S. exchanges. Because of the uncertainty, we exited our position in JD completely. We still love JD’s long-term prospects, but we cannot estimate the legal/regulatory risk associated with these companies anymore. More broadly, we are freeing up cash for some other positions we already own which have declined in this market, and after additional review, remain attractive.”