5 Best Stocks Under $20 According to Billionaire Andreas Halvorsen’s Viking Global

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In this piece, we will take a look at the top five best stocks to buy under $20 according to billionaire Andreas Halvorsen’s Viking Global. If you want to learn more about the hedge fund, its founder, and other stocks, then head on to 10 Best Stocks Under $20 According to Billionaire Andreas Halvorsen’s Viking Global.

5. Farfetch Limited (NYSE:FTCH)

Viking Global’s Stake Value: $198.7 million

Percentage of Viking Global’s 13F Portfolio: 0.57%

Number of Hedge Fund Holders: 47

Share Price on April 26, 2022: $11.58

Farfetch Limited (NYSE:FTCH) is an online marketplace provider for luxury fashion goods. The company is based out of London, United Kingdom and it provides its services in the U.S., the U.K., and globally.

Mr. Halvorsen’s hedge fund owned a $198 million stake in Farfetch Limited (NYSE:FTCH) as Q4 2021 came to an end. This was in the form of 5.9 million shares. During the same time period, 47 of the 924 hedge funds polled by Insider Monkey had also invested in the company.

Farfetch Limited (NYSE:FTCH)’s fiscal fourth quarter results saw the company post $666 million in revenue and -$0.03 in non-GAAP EPS, which missed analyst revenue estimates but beat them for EPS. BTIG lowered its price target to $26 from $34 in April 2022 outlining that the company’s performance had improved in March.

Stephen Mandel’s Lone Pine Capital is Farfetch Limited (NYSE:FTCH)’s largest investor. It owns 24.4 million shares that are worth $817 million.

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