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

Page 5 of 5

1. Gogo Inc. (NASDAQ:GOGO)

Tenzing Global’s Holdings: $72.6 million

Percentage of Tenzing Global Portfolio: 24.5%

Number of Hedge Fund Holders: 19

Gogo Inc. (NASDAQ:GOGO) is an internet and entertainment services provider for airlines and the aviation sector. Its services include wireless entertainment and inflight connectivity to commercial and business aviation customers in the U.S. and globally.

Mr. Kapoor’s Tenzing Global owned a stake worth $72 million in Gogo Inc. (NASDAQ:GOGO) as of the third quarter of this year. This was through 4.2 million shares and represented 24.5% of the firm’s investment portfolio. Insider Monkey’s survey of 867 hedge funds during the same time period revealed that 19 had owned a stake in the connectivity and entertainment firm.

Gogo Inc. (NASDAQ:GOGO)’s largest investor is D. E. Shaw’s investment firm D E Shaw who owns 4.3 million shares worth $74 million.

During its third quarter, Gogo Inc. (NASDAQ:GOGO) earned $87 million in revenue and $0.16 in GAAP EPS, beating analyst estimates for both. JPMorgan increased the company’s price target to $16 from an earlier $11 in October 2021, highlighting that record equipment sales brightened up the company’s future outlook.

You can also take a peek at the 10 Back-to-Work Stocks to Buy Now and 10 Remote Work Stocks to Buy Now.

Page 5 of 5