5 Best Low Risk High Growth Stocks to Buy Now

4. PDD Holdings Inc. (NASDAQ:PDD)

Number of Hedge Fund Holders: 62

PDD Holdings Inc. (NASDAQ:PDD) is a notable Chinese e-commerce company. In May PDD Holdings Inc. (NASDAQ:PDD) reported solid Q1 results. Adjusted EPADS in the quarter came in at $1.01, beating estimates by $0.38. Revenue in the period jumped about 58% year over year to $5.48 billion, surpassing estimates by $920 million.

Hedge funds tracked by Insider Monkey are also bullish on PDD Holdings Inc. (NASDAQ:PDD). As of the end of the first quarter of 2023, 62 hedge funds out of the 943 funds in our database held stakes in PDD Holdings Inc. (NASDAQ:PDD). The biggest stakeholder of PDD Holdings Inc. (NASDAQ:PDD) was Lei Zhang’s Hillhouse Capital Management which owns an $808 million stake in the company.