5 Latest Stock Picks of Legendary Investor Julian Robertson’s Tiger Management

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1. Agora, Inc. (NASDAQ:API)

Number of Hedge Fund Holders: 11    

Agora, Inc. (NASDAQ:API) is an application software firm focusing on real-time engagement platforms. Latest data shows that Tiger Management bought a new stake in the company in the third quarter, worth $296,000.

In earnings results for the third quarter, posted on November 15, Agora, Inc. (NASDAQ:API) reported a revenue of $45 million, up 46% compared to the revenue over the same period last year and beating estimates by $5.3 million. 

At the end of the third quarter of 2021, 11 hedge funds in the database of Insider Monkey held stakes worth $354 million in Agora, Inc. (NASDAQ:API), down from 17 in the preceding quarter worth $564 million.

In its Q3 2021 investor letter, Tao Value, an asset management firm, highlighted a few stocks and Agora, Inc. (NASDAQ:API)  was one of them. Here is what the fund said:

“As witnessed in the past quarter, the government intervention in Chinese private sector is elevated to an unprecedented level. Given this background, I thoroughly reviewed all our Chinese holdings and made a few changes. We exited Agora (ticker: API) as we estimated that it has 25+% of evaporating revenue tied to online education use cases, but the management seemed to be evasive about the potential impact.”

You can also take a peek at 9 Tech and Software Stocks to Buy According to Hamilton Helmer’s Strategy Capital and Analysts Are Downgrading These 10 Stocks.

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