Five ADRs To Buy Now

Hedge fund sentiment towards Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) improved significantly during the fourth quarter, with the number of funds withlong positions surging to 61 at the end of December from 43 at the end of September. Billionaire Ken Fisher is very bullish on this stock, having more than doubled his holding by the end of December. According to its latest 13F filing, Fisher Asset Management holds 8.84 million shares of Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) valued at $409 million. Daniel S. Och is also optimistic about the prospects of the company and has increased his stake to 7.94 million shares. Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) has recently posted fourth quarter financial results, reporting a 50% year-over-year increase in revenues to $440 million and a profit of $0.11 per share. The company’s forward guidance was unexpectedly weak and analysts at Oppenheimer have reduced their price target to $55 per share from $60 per share, but have maintained their Outperform rating. This represents a 26% premium over Friday’s closing price of $43.52 per share.

Head over to the next page to find out more about three other ARDs hedge fund managers are betting on.

According to data compiled by Insider Monkey, Baidu Inc (ADR) (NASDAQ:BIDU)‘s popularity among top hedge funds has slightly increased over the quarter, with 55 of them having reported a stake in the company, up from 52 a quarter before. The Chinese tech giant has joined the race for driver-less cars and is expecting to launch a commercially viable model by 2018. Since Baidu Inc (ADR) (NASDAQ:BIDU) is a technology company, it is probably more interested in becoming a key provider of the software used by driverless cars, rather than building the actual cars. Jonathan Auerbach, the manager of Hound Partners, thought it was a good time to buy Baidu Inc (ADR) (NASDAQ:BIDU) and has initiated a position that amassed 1.07 million shares at the end of the quarter. William Von Mueffling’s Cantillon Capital Management is also bullish and has slightly increased its investment to 2.23 million shares worth $421 million at the end of 2015.