5 Stocks Big Short Michael Burry Is Buying and Selling

In this article, we discuss 5 stocks that Michael Burry is buying and selling. If you want to see more stocks in this selection, check out 13 Stocks Big Short Michael Burry Is Buying and Selling. 

5. JD.com, Inc. (NASDAQ:JD)

Number of Hedge Fund Holders: 67

Scion Asset Management’s Stake Value: $4,209,750

JD.com, Inc. (NASDAQ:JD) is a Beijing-based provider of supply chain-based technologies, computers, communication, and consumer electronics products. Securities filings for the fourth quarter of 2022 reveal that Michael Burry acquired 75,000 shares of JD.com, Inc. (NASDAQ:JD), worth $4.20 million and representing 9.04% of the total securities. 

On February 7, James Lee, an analyst at Mizuho, increased the price target on JD.com, Inc. (NASDAQ:JD) from $82 to $85 and maintained a Buy rating on the company’s shares. According to the analyst, JD.com, Inc. (NASDAQ:JD) remains a top pick in the China Internet sector. The analyst is optimistic about the company’s prospects for 2023, citing factors such as ongoing recovery, strong performance, efficient fulfillment due to vertical logistics integration, and the potential for further margin expansion.

According to Insider Monkey’s data, 67 hedge funds were long JD.com, Inc. (NASDAQ:JD) at the end of Q3 2022, compared to 62 funds in the last quarter. Chase Coleman’s Tiger Global Management is the biggest stakeholder of the company, with 29.8 million shares worth $1.5 billion. 

Here is what Argosy Investors has to say about JD.com, Inc. (NASDAQ:JD) in its Q3 2021 investor letter:

“We sold JD as a result of the furor over Chinese stocks during the quarter. We had been concerned about China’s lack of respect for investor rights for some time, and Beijing has become significantly more aggressive in asserting itself of late. In addition, the legal structure Chinese companies use to come public in the U.S., a Cayman Islands shell corporation leaves American investors with an unsure path to recovering value should these companies cease to trade on U.S. exchanges. Because of the uncertainty, we exited our position in JD completely. We still love JD’s long-term prospects, but we cannot estimate the legal/regulatory risk associated with these companies anymore. More broadly, we are freeing up cash for some other positions we already own which have declined in this market, and after additional review, remain attractive.”