5 Most Undervalued Stocks To Buy Now

In this piece, we will take a look at the five most undervalued value stocks to buy now. If you want to take a deeper look at what undervalued and value stocks are all about, then read 10 Most Undervalued Stocks To Buy Now.

5. Baidu, Inc. (NASDAQ:BIDU)

Number of Q4 2023 Hedge Fund Shareholders: 48

Trailing P/E Ratio: 13.99

Average Analyst Share Price Upside: 51.24%

Baidu, Inc. (NASDAQ:BIDU) is a Chinese internet technology company headquartered in Beijing, China. The firm’s shares saw a lot of positive momentum in March 2024 when media reports claimed that Cupertino, California technology giant Apple could end up using Baidu, Inc. (NASDAQ:BIDU)’s artificial intelligence products in China.

By Q4 of 2023 end, 48 out of the 933 hedge funds surveyed by Insider Monkey had bought and owned Baidu, Inc. (NASDAQ:BIDU)’s shares. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital owned the biggest stake which was worth $274 million.

4. Liberty Broadband Corporation (NASDAQ:LBRDK)

Number of Q4 2023 Hedge Fund Shareholders: 53

Trailing P/E Ratio: 10.96

Average Analyst Share Price Upside: 86.12%

Liberty Broadband Corporation (NASDAQ:LBRDK) is an American communications products and services provider headquartered in Englewood, Colorado. Amidst a tough operating environment that has seen wireline providers suffer and fixed wireless providers gain share, the firm’s CEO stressed in March 2024 that this is a temporary trend due to limited capacity in the wireless arena.

For their December quarter of 2023 investments, 53 out of the 933 hedge funds profiled by Insider Monkey had bought a stake in the company. Liberty Broadband Corporation (NASDAQ:LBRDA)’s largest hedge fund shareholder is Robert Henry Lynch’s Aristeia Capital as it owns a $497 million stake.

3. Cheniere Energy, Inc. (NYSE:LNG)

Number of Q4 2023 Hedge Fund Shareholders: 64

Trailing P/E Ratio: 3.85

Average Analyst Share Price Upside: 27.99%

Cheniere Energy, Inc. (NYSE:LNG) is an American liquefied natural gas storage and transportation services provider headquartered in Houston, Texas. The shares are rated Strong Buy on average, and the average analyst share price target is $200.63.

During last year’s fourth quarter, 64 out of the 933 hedge funds covered by Insider Monkey’s survey had invested in Cheniere Energy, Inc. (NYSE:LNG). Israel Englander’s Millennium Management owned the biggest stake which was worth $399 million.

2. Charter Communications, Inc. (NASDAQ:CHTR)

Number of Q4 2023 Hedge Fund Shareholders: 69

Trailing P/E Ratio: 8.92

Average Analyst Share Price Upside: 42.63%

Charter Communications, Inc. (NASDAQ:CHTR) is a mega American telecommunications services provider headquartered in Stamford, Connecticut. 2024 is shaping up to be a crucial month for the behemoth, as it is in intense discussions to renegotiate a carriage agreement with the media giant Paramount Global. The agreement could impact both Paramount and Charter Communications, Inc. (NASDAQ:CHTR)’s share price, and set the tone for mega media deals in the months to come.

For their December quarter of 2023 shareholdings, 69 out of the 933 hedge funds part of Insider Monkey’s database were the firm’s shareholders. Charter Communications, Inc. (NASDAQ:CHTR)’s largest hedge fund investor is Natixis Global Asset Management’s Harris Associates due to its $2 billion stake.

1. Alibaba Group Holding Limited (NYSE:BABA)

Number of Q4 2023 Hedge Fund Shareholders: 116

Trailing P/E Ratio: 13.34

Average Analyst Share Price Upside: 50.60%

Alibaba Group Holding Limited (NYSE:BABA) is a Chinese technology and eCommerce firm headquartered in Hangzhou, China. Its chairman Joe Tsai was out with a set of rather candid remarks in April 2024 when he shared that Chinese firms lagged their American peers by at least two years in artificial intelligence development.

116 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 survey had invested in Alibaba Group Holding Limited (NYSE:BABA). David Tepper’s Appaloosa Management LP owned the biggest stake which was worth $337 million.

Disclosure: None. You can also take a look at the 15 Biggest Waste Management Companies in the World and 11 Oversold Energy Stocks You Can Buy Right Now.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Follow Insider Monkey on Twitter