5 Best E-Commerce Stocks to Buy Now

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In this article, we will discuss the 5 best e-commerce stocks to buy now. If you want to explore similar stocks, you can read 15 Best E-Commerce Stocks to Buy Now.

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

Number of Hedge Fund Holders: 67

JD.com, Inc (NASDAQ:JD) is a leading Chinese e-commerce company that offers a wide range of products, including electronics, apparel, home appliances, and other products. Founded in 2006, JD.com, Inc. (NASDAQ:JD) has grown to become one of the largest e-commerce companies in China and the world. The company’s business model is based on providing customers with a convenient, secure, and cost-effective shopping experience. JD.com, Inc. (NASDAQ:JD) has a robust and growing presence in China’s e-commerce market and is ranked high among the best e-commerce stocks to buy now since the company is uniquely positioned to capitalize on the rapid growth of China’s e-commerce market.

Wall Street is bullish on JD.com, Inc. (NASDAQ:JD). This November, Citi analyst Alicia Yap raised her price target on JD.com, Inc. (NASDAQ:JD) to $90 from $85 and reiterated a Buy rating on the shares. On November 21, Barclays analyst Jiong Shao raised his price target on JD.com, Inc. (NASDAQ:JD) to $72 from $59 and maintained an Overweight rating on the shares.

At the end of Q3 2022, 67 hedge funds were long JD.com, Inc. (NASDAQ:JD) and disclosed positions of $3.71 billion in the company. Of those, Tiger Global Management LLC was the top investor in the company and held a position worth $1.50 billion.

Follow Jd.com Inc (NASDAQ:JD)

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