5 Growth Stocks Under $20 in Billionaire Ken Fisher’s Portfolio

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In this article, we discuss the 5 growth stocks under $20 in billionaire Ken Fisher’s portfolio. If you want to read our detailed analysis of these stocks, go directly to the 10 Growth Stocks Under $20 in Billionaire Ken Fisher’s Portfolio.

5. iQIYI, Inc. (NASDAQ:IQ)

Number of Hedge Fund Holders: 23 

Price as of December 5, 2021: $4.71 per share      

iQIYI, Inc. (NASDAQ:IQ) provides online entertainment services.  Regulatory filings show that Fisher Asset Management owned 67,088 shares in the company at the end of the third quarter of 2021 worth over $539,000. 

iQIYI, Inc. (NASDAQ:IQ) recently posted earnings for the third quarter, reporting a revenue of more than $1.2 billion, smashing analyst predictions by $10 million. Citi analyst Alicia Yap has a Neutral rating on the stock with a price target of $8.8. 

Among the hedge funds being tracked by Insider Monkey, China-based investment firm Hillhouse Capital Management is a leading shareholder in iQIYI, Inc. (NASDAQ:IQ) with 38 million shares worth more than $310 million.

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