5 Stocks Under $25 to Buy According to Billionaire Philippe Laffont

4. Dingdong (Cayman) Limited (NYSE:DDL)

Coatue Management’s Stake Value: $160,968,000

Percentage of Coatue Management’s 13F Portfolio: 0.65%

Number of Hedge Fund Holders: 5

Share Price as of January 12: $11.55

Billionaire Philippe Laffont, via Coatue Management, boosted his stake in Dingdong (Cayman) Limited (NYSE:DDL) by 3505% in the third quarter, holding over 7 million shares worth $160.9 million. The stock represents 0.65% of the fund’s total Q3 investments. On November 19. JPMorgan analyst Andre Chang initiated coverage of Dingdong (Cayman) Limited (NYSE:DDL) with an Underweight rating and a $21 price target.

Dingdong (Cayman) Limited (NYSE:DDL) is a Chinese e-commerce company, delivering household necessities and groceries to customers on a daily basis. The company reported Q3 results on November 15, posting a loss per share of $0.95, beating estimates by $0.02. 

Dingdong (Cayman) Limited (NYSE:DDL) announced on December 20 that its board of directors has authorized a share repurchase program under which the company may repurchase up to $30 million of its shares until December 19, 2022.

5 hedge funds in the database of Insider Monkey were bullish on Dingdong (Cayman) Limited (NYSE:DDL) as of September 2021, and one of the leading shareholders of the company is Tiger Global Management, with a $24.8 million stake.