10 Michael Burry Stocks with Huge Upside Potential

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

Scion Asset Management’s Q4 Stake: $10.4 million

Analyst Upside as of May 9: 47.93%

Number of Hedge Fund Holders: 78

JD.com, Inc. (NASDAQ:JD) is a leading Chinese e-commerce company that focuses on computers and other electronic products, all the while serving as a supply chain-focused technology provider. Using its logistics network, JD.com has established itself as a major player in China’s online retail market.

On April 28, Citi analysts revised their outlook for JD.com, Inc. (NASDAQ:JD), lowering the price target to $51 from $56 while maintaining a Buy rating on the company’s stock. The adjustment comes after the company’s order volume rose from 5 million to 10 million within a span of merely ten days, showing a strong push into the food delivery market.

JD.com, Inc. (NASDAQ:JD) announced its financial results for the fourth quarter and full year 2024 on March 6, 2025, indicating strong year-over-year growth in a number of critical areas. The company reported Q4 net revenues of RMB347.0 billion ($147.5 billion), up 13.4% from the same period in 2023. Full-year net revenues also came in at RMB1,158.8 billion ($158.8 billion), up 6.8% from the previous year.

Patient Capital Opportunity Equity Strategy stated the following regarding JD.com, Inc. (NASDAQ:JD) in its Q1 2025 investor letter:

“We entered JD.com, Inc. (NASDAQ:JD), a leading e-commerce company in China.  Unlike competitors in the space, JD focuses on consumer electronics and home appliances supporting strong differentiation and defendable margins. The company has been on a year-long organizational restructuring following its ill-advised venture into the low-cost competitive space where it lacked an advantage. Not only will the company benefit from returning to their roots, but the government has rolled out a trade-in rebate policy for home appliances and consumer electronics further supporting demand. At the same time, the company has been disciplined in terms of spending, creating a margin expansion story as the topline demand improves. With the Chinese government increasing their focus on reigniting consumer consumption, we believe JD is well positioned to benefit from increased demand and improving margins. At the same time, the company is returning cash to shareholders via a dividend yield of 3.0%, and a buyback program that has seen 8.1% repurchased in 2024. While the risk of a trade war with China is an overhang on the stock, the company generates the majority of their revenues domestically.”