Top 5 Stocks for 2022 According To Chet Kapoor’s Tenzing Global Investors

2. Yelp Inc. (NYSE:YELP)

Tenzing has also been a shareholder of Yelp Inc (NYSE:YELP) since the final quarter of 2016, a lengthy period during which YELP shares have actually declined in value. Tenzing owned 1.76 million YELP shares at the end of Q3, being one of 26 of the hedge funds tracked by Insider Monkey to own the stock.

Yelp Inc (NYSE:YELP) shares have rebounded by 75% since the end of October 2020 on the back of stronger results in 2021 as the effect of the pandemic began to lessen and restaurant activity in particular improved. Yelp’s revenue rose by 52% during the second quarter of 2021, while its Q3 revenue of $269.1 million also topped estimates. Yelp Inc (NYSE:YELP) has also been successful when it comes to improving its bottom-line results, with past investments in its ad products paying huge dividends in recent quarters.