$1.6 Trillion Asset Manager Recently Announced Investment in This Stock Selected by Michael Burry
$1.6 Trillion Asset Manager Bank of America Announces Stake in JD.com
Bank of America, a $1.6 trillion asset manager, has announced that it has acquired a stake in Chinese e-commerce giant JD.com. The decision is based on JD.com’s growth potential, making it a key pick in the stock portfolio of Michael Burry, known for his role in ‘The Big Short’ movie. As of the last quarter of 2024, JD.com accounted for 13.43% of Burry’s Scion Asset Management holdings, although he had reduced his stake by 40% from the previous quarter. While American stocks have experienced significant volatility, JD.com has stood out among Chinese equities in 2025, with a year-to-date gain of over 20% and a valuation of $40.91 as of press time.
BofA Acquires 1% Stake in JD.com
In an investor note on March 31, Bank of America analysts stated that the banking giant has acquired a 1% stake in JD.com. The decision is based on JD.com’s leading position in the e-commerce sector and its dual business model, which includes direct sales and a marketplace for third-party merchants. BofA also highlighted JD.com’s significant investments in logistics infrastructure as a key factor in their decision. JD’s logistics arm serves both JD.com and external clients, positioning the company for continued growth. The analysts believe that JD.com is an ideal pick as the technology firm is expected to grow faster than the industry average, supported by government stimulus policies. The 1% stake signals cautious confidence in the company’s prospects, reflecting BofA’s calculated investment approach.
“We like JD as JD.com is expected to grow faster than industry average and benefit from the government’s stimulus policies. Rest of the trades are driven by risk-reward constraints,” BofA said.
Wall Street Turns Bullish on JD.com
Following JD.com’s impressive quarter results, Wall Street has turned bullish on the equity. The e-commerce entity reported a 13.4% increase in revenue year over year, reaching $47.5 billion for the quarter. Susquehanna raised its price target to $45 from $35, citing JD.com’s solid Q4 performance driven by macroeconomic improvements. Citi analyst Alicia Yap lifted JD.com’s price target to $56 from $51, reaffirming a ‘Buy’ rating after the company surpassed revenue estimates. Mizuho Securities also raised JD.com’s price target to $50 from $43, pointing to its “clean beat” on earnings. These optimistic outlooks are based on expectations of continued revenue and profit growth, as well as enhanced internal efficiency for JD.com.
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