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

Number of Hedge Fund Holders: 67

JD.com, Inc. (NASDAQ:JD) recently announced a better-than-expected profit for the fourth quarter. However, its quarterly sales fell short of expectations, sending its shares down to a nearly two-year low on Thursday, March 10, 2022.

The Chinese e-commerce giant reported adjusted earnings of 35 cents per share for the quarter, above expectations of 24 cents per share. In addition, JD.com, Inc. (NASDAQ:JD) posted revenue of $43.29 billion, up 23 percent on a year-over-year basis but marginally below analysts’ average estimate of $43.36 billion.

If we look at the performance of its flagship businesses, product revenue jumped 22.1 percent to $36.83 billion, while net service revenue climbed 28.3 percent to $6.47 billion in the quarter. Among other updates, JD.com, Inc. (NASDAQ:JD) reported that its annual active customer accounts increased to 569.7 million last year, representing a surge of 20.7 percent over 2020.

Discussing the results, CFO Sandy Xu said:

“During the quarter, we further optimized our operational efficiency through technology and innovation, increasing our competitiveness as well as our ability to support our business partners. In 2022, we will continue to execute our business strategies and focus on sustainable high-quality growth across all of our business lines.”