5 Best Asian Stocks To Buy Today

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

Number of Hedge Fund Holders: 64

JD.com, Inc. (NASDAQ:JD) was incorporated in 2006 and is headquartered in Beijing, China. The company specializes in supply chain-based technologies and services, in addition to providing computers, communication, consumer electronics products, home appliances, and general merchandise products. JD.com, Inc. (NASDAQ:JD) is one of the best Asian stocks to consider. On March 9, the company declared a $0.62 per share cash dividend, which is payable on May 4 to shareholders of record on April 6. 

On March 13, Barclays analyst Jiong Shao raised the firm’s price target on JD.com, Inc. (NASDAQ:JD) to $74 from $72 and maintained an Overweight rating on the shares. According to the analyst, JD.com, Inc. (NASDAQ:JD) has clarified that the recently announced RMB 10 billion subsidies will not result in additional spending and are not expected to significantly affect margins. The analyst noted that JD.com, Inc. (NASDAQ:JD)’s lower Q1 revenue outlook is mainly due to the company’s shift of certain low-margin supermarket products from first party to third party.

According to Insider Monkey’s fourth quarter database, 64 hedge funds were long JD.com, Inc. (NASDAQ:JD), compared to 67 funds in the prior quarter. Chase Coleman’s Tiger Global Management is the biggest stakeholder of the company, with 21.8 million shares worth $1.2 billion. 

Here is what Argosy Investors has to say about JD.com, Inc. (NASDAQ:JD) in its Q3 2021 investor letter:

“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.”