5 Best Emerging Market Stocks to Buy According to Hedge Funds

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

Number of Hedge Fund Holders: 64

At the close of the fourth quarter of 2022, 64 hedge funds were long JD.Com, Inc. (NASDAQ:JD) and held collective stakes worth $3.51 billion in the company. Of those, Tiger Global Management LLC was the leading investor in the company and held a stake worth $1.22 billion.

On March 13, Barclays analyst Jiong Shao raised his price target on JD.com, Inc. (NASDAQ:JD) to $74 from $72 and maintained an Overweight rating on the shares. JD.Com, Inc. (NASDAQ:JD) is placed third on our list of the best emerging market stocks to buy now.

On March 9, JD.Com, Inc. (NASDAQ:JD) released earnings for the fiscal fourth quarter of 2022. The company reported an EPS of $0.69 and outperformed EPS expectations by $0.19. The company’s revenue for the quarter amounted to $42.43 billion.

Follow Jd.com Inc (NASDAQ:JD)