5 Stocks to Buy Now According to Chet Kapoor’s Tenzing Global

3. Yelp Inc. (NYSE:YELP)

Tenzing Global’s Holdings: $58.6 million

Percentage of Tenzing Global Portfolio: 19.82%

Number of Hedge Fund Holders: 26

Yelp Inc. (NYSE:YELP) is an American online business catalog. It allows businesses to tailor their advertisements to reach specific customer subsets that they feel are best suited for their products. Additionally, the company also provides reservation services, waitlist subscription services, and a platform for businesses to analyze big data.

As Q3 2021 came to an end, Mr. Kapoor’s investment firm held 1.5 million Yelp Inc. (NYSE:YELP) shares. These were worth $58.6 million and represented 19.82% of its portfolio. At the same time, 26 of the 867 hedge funds polled by Insider Monkey owned the firm’s shares.

Yelp Inc. (NYSE:YELP) beat revenue and EPS estimates in its third quarter, by bringing in $269 million and $0.23 in the metrics, respectively. Credit Suisse raised Yelp Inc. (NYSE:YELP)’s price target to $53 from $43 in August 2021, outlining that increased traffic and decreasing costs were positives for the firm.

Yelp Inc. (NYSE:YELP)’s largest investor is Ken Fisher’s Fisher Asset Management. It owns 3.5 million shares worth $133 million.