5 Best ADR Stocks To Buy Now

4. JD.Com, Inc. (NASDAQ:JD)

Number of Hedge Fund Holders: 62

JD.Com, Inc. (NASDAQ:JD) is a provider of supply chain-based technologies and services in China. The company provides computers, communication, and consumer electronic products, alongside home appliances and more.

A ‘Buy’ rating was reiterated on JD.Com, Inc. (NASDAQ:JD) shares on August 26 by Benchmark analyst Fawne Jiang. The analyst also raised the price target on the stock from $106 to $109.

This August, JD.Com, Inc. (NASDAQ:JD) shares gained in light of positive second-quarter earnings. The company’s $40 billion in revenue beat estimates by $1.4 billion, while its EPS of $0.59 also beat estimates by $0.20.

Our hedge fund data shows 62 hedge funds long JD.Com, Inc. (NASDAQ:JD) in the second quarter, compared to 59 hedge funds in the previous quarter. Their total stake values were $5.5 billion and $5.4 billion respectively.