Tiger Global’s 15 Long-Term Stock Picks

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

Number of Hedge Fund Holders: 75 

JD.com, Inc. (NASDAQ:JD) provides supply chain-based technologies and services in the People’s Republic of China. Between the second quarter of 2024 and the end of the third quarter of 2024, Tiger Global slashed its stake in the company by close to 60%. Latest disclosures show that the fund now owns just over 344,000 shares in the company worth $13.7 million, representing 0.05% of the 13F portfolio. However, the stock remains one of the long-term stock picks of Tiger Global since it has consistently featured in the 13F portfolio for the past three years.

However, Tiger Global has been selling JD.com, Inc. (NASDAQ:JD) steadily over the past few quarters. In ten of the last eleven quarters, the fund has reduced its stake in the company. In the second quarter of 2022, the company represented over 16% of the 13F portfolio of the fund. Even as Tiger Globals sells the stock, Wall Street analysts remain bullish on the company. Bernstein recently upgraded the stock to Outperform from Market Perform with a price target of $46, up from $43. A macro environment in China where government support acts as a periodic crutch for durables consumption should favor JD, the advisory told investors in a research note. Bernstein added that the company’s greater focus on profit growth versus market share should help to protect its earnings in a downside case for macro and consumption incentives. It upgraded JD as part of its China internet outlook for 2025.

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