5 Best Fast Growth Stocks to Buy Now

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In this article we take a look at some of the best fast growth stocks to buy. For more such stocks click 12 Best Fast Growth Stocks to Buy Now.

5. PDD Holdings (NASDAQ:PDD)

Number of Hedge Fund Investors: 57

PDD ranks 5th in our list of the fast growth stocks to buy now according to hedge funds. In March, the company posted its Q4 of 2022 results. Revenue in the period increased by 46% year over year to reach $5.77 billion. However, the figure missed estimates by $140 million.

Hedge fund sentiment remains strong for PDD. Out of the 943 hedge funds tracked by Insider Monkey, 57 hedge funds reported owning stakes in the Chinese online retailer, up from 54 funds in the previous quarter. The most significant shareholder of the company was D E Shaw which owns a $468 million stake in the company.

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