5 Stocks Under $50 Billionaires Are Loading Up On

4. JD.Com, Inc. (NASDAQ:JD)

Number of Billionaire Holders: 17

JD.Com, Inc. (NASDAQ:JD) is the largest online retailer in China as well as the biggest internet company in the country by revenue. Its online retail platform offers products ranging from fresh food and apparel to electronics and cosmetics.

On May 18, JD.Com, Inc. (NASDAQ:JD) released its financial and operational results for Q1 2023. It generated a revenue of $35.4 billion and a net income of $0.9 billion. It recorded a normalized EPS of $0.69 which exceeded consensus estimates by $0.18.

As of March 31, JD.Com, Inc. (NASDAQ:JD) shares were owned by 59 of the 943 hedge funds tracked by Insider Monkey, with a total value of the share owned by these hedge funds valued at $2.5 billion. Tiger Global Management LLC was the largest hedge fund shareholder with ownership of 24 million shares valued at $1.1 billion.