Chase Coleman’s Tiger Global Management Portfolio: 5 New Stock Picks

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1. Warby Parker Inc. (NYSE:WRBY

Tiger Global Management LLC’s Stake Value: $802,789,000

Percentage of Tiger Global Management LLC’s 13F Portfolio: 1.54%

Number of Hedge Fund Holders: 12

Coleman’s fund bought an $802 million stake in Warby Parker Inc. (NYSE:WRBY) in the third quarter. Warby Parker Inc. (NYSE:WRBY) is an American retailer selling prescription and fashion eyewear via its website. The company also has retail stores across the US and Canada. 

On November 12, the Q3 EPS for Warby Parker Inc. (NYSE:WRBY) totaled $0.02, exceeding estimates by $0.24. Revenue for the quarter came in at $137.37 million, outperforming estimates by $4.28 million. 

Loop Capital analyst Anthony Chukumba on November 15 raised the price target on Warby Parker Inc. (NYSE:WRBY) to $60 from $51 but kept a Hold rating on the shares. The analyst stated that the revenue and EBITDA results were better than expected, given that it was Warby Parker Inc. (NYSE:WRBY)’s first quarter as a publicly listed company. 

A total of 12 hedge funds tracked by Insider Monkey reported owning stakes in Warby Parker Inc. (NYSE:WRBY) as of Q3 2021, with a total stake value of $1.41 billion. 

You can also take a look at 10 Reddit Stocks to Buy in November and 10 Best Cybersecurity Stocks Under $10

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