5 High Growth Penny Stocks That Are Profitable

2. Tuniu Corporation (NASDAQ:TOUR)

Latest YoY Quarterly Revenue Growth: 128.87%

Number of Hedge Fund Holders: 3

Based in Nanjing, China, Tuniu Corporation (NASDAQ:TOUR) is a leading online leisure travel company in China that offers integrated travel service with a large selection of packaged tours, including organized and self-guided tours, as well as travel-related services for leisure travelers through its website tuniu.com and mobile platform.

On November 21, Tuniu Corporation (NASDAQ:TOUR) released its financial results for Q3 2023. Its revenue increased by 129% y-o-y to $24.4 million while it generated a net income of $5.4 million, compared to a net loss of $3.2 million.

As of Q4 2023, 2 leading hedge funds tracked by Insider Monkey owned shares of Tuniu Corporation (NASDAQ:TOUR). Its largest shareholder was Jim Simons’ Renaissance Technologies with ownership of 0.18 million shares valued at $0.1 million.

Like other stocks such as Global Blue Group Holding AG (NYSE:GB), Payoneer Global Inc. (NASDAQ:PAYO), and Baytex Energy Corp. (NYSE:BTE), Tuniu Corporation (NASDAQ:TOUR) is among the 13 high growth penny stocks that are profitable.