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

3. FIGS, Inc. (NYSE:FIGS)

Viking Global’s Stake Value: $406 million

Percentage of Viking Global’s 13F Portfolio: 1.17%

Number of Hedge Fund Holders: 16

Share Price on April 26, 2022: $16.03

FIGS, Inc. (NYSE:FIGS) is an American healthcare apparel provider. It offers garments such as scrubs, lifestyle garments, socks, masks, lab coats, and outerwear.

Mr. Halvorsen’s hedge fund held a $406 million stake in FIGS, Inc. (NYSE:FIGS) for its Q4 2021 investment portfolio via owning 14.7 million shares. Insider Monkey’s 924 hedge fund portfolio analysis for the same time period revealed 16 as having invested in the company.

FIGS, Inc. (NYSE:FIGS) raked in $128 million in revenue and $0.09 in non-GAAP EPS for its fiscal fourth quarter, beating analyst estimates for both. Truist set a $32 price target for the company in April 2022, sharing that it believes that the company can post as much as $1 billion in sales in 2025.

George Soros’s Soros Fund Management is FIGS, Inc. (NYSE:FIGS)’s largest investor after Viking Global through a $49.6 million stake that comes via 1.8 million shares.