5 Undervalued Stocks to Buy Today According to Paul Tudor Jones

In this article, we discuss 5 undervalued stocks to buy today according to Paul Tudor Jones. If you want to see more undervalued stocks in the billionaire’s portfolio, click 10 Undervalued Stocks to Buy Today According to Paul Tudor Jones. 

5. CBRE Group, Inc. (NYSE:CBRE)

Number of Hedge Fund Holders: 55

P/E Ratio as of May 27: 14.53

CBRE Group, Inc. (NYSE:CBRE) is a Texas-based commercial real estate services and investment company. It operates through three segments – Advisory Services, Global Workplace Solutions, and Real Estate Investments. Paul Tudor Jones reported owning 109,564 shares of CBRE Group, Inc. (NYSE:CBRE) in Q1 2022, worth $10 million. The billionaire elevated his position in the company by 26% in the March quarter. 

On April 5, Goldman Sachs analyst Chandni Luthra initiated coverage of CBRE Group, Inc. (NYSE:CBRE) with a Buy rating and a $111 price target. The analyst likes CBRE Group, Inc. (NYSE:CBRE) for its “strong” sales growth given robust macro and micro fundamentals, the “high quality” earnings profile, and the fortress balance sheet with increasing optionality to return cash to shareholders. 

Among the hedge funds tracked by Insider Monkey, 55 funds were long CBRE Group, Inc. (NYSE:CBRE) at the end of March 2022, up from 48 funds in the prior quarter. Harris Associates is the leading shareholder of the company, with 9.8 million shares worth $904.6 million. 

Here is what Baron Real Estate Fund has to say about CBRE Group, Inc. (NYSE:CBRE) in its Q1 2022 investor letter:

“Following strong share price performance in 2021, the shares of leading commercial real estate services firm, CBRE Group, Inc. (NYSE:CBRE) declined in the most recent quarter. We believe the current valuations of  the company are compelling. Further, we believe the company is well-positioned to benefit from long-term growth opportunities that include a growing list of companies looking to outsource their commercial real estate needs, the growth in institutional ownership of commercial real estate, and attractive acquisition opportunities given their highly desirable global platforms and strong balance sheets.”