5 Best High Volume Stocks To Buy According to Hedge Funds

4. PDD Holdings Inc. (NASDAQ:PDD)

Number of Hedge Fund Investors In Q4 2023: 71

Average 3 Month Trading Volume: 8.68 million

PDD Holdings Inc. (NASDAQ:PDD) is a Chinese eCommerce company based in Dublin, Ireland. It’s one of the strongest rated stocks on our list, as the shares are rated Strong Buy on average with the average analyst share price target being $179.25.

As of Q4 2023 end, 71 out of the 933 hedge funds profiled by Insider Monkey had held a stake in the firm. PDD Holdings Inc. (NASDAQ:PDD)’s largest stakeholder among these is Lei Zhang’s Hillhouse Capital Management since it owns $1.4 billion worth of shares.

Follow Pinduoduo Inc. (NASDAQ:PDD)