5 Healthcare Stocks to Buy According to Tiger Cub Chase Coleman

2. Oscar Health, Inc. (NYSE:OSCR)

Tiger Global Management’s Stake Value: $130,678,000

Percentage of Tiger Global Management’s 13F Portfolio: 0.25%

Number of Hedge Fund Holders: 17

Headquartered in New York City, Oscar Health, Inc. (NYSE:OSCR) is a healthcare insurance company that uses technological interfaces focused on healthcare to provide a transparent claims pricing system to patients. Oscar Health, Inc. (NYSE:OSCR) stock represents 0.25% of Tiger Global Management’s 13F portfolio, with the hedge fund owning 7.51 million shares of the company, worth $130.67 million in the third quarter. Coleman’s fund increased its stake in Oscar Health, Inc. (NYSE:OSCR) by 22% in Q3. 

As of September 2021, Joshua Kushner’s Thrive Capital is the largest Oscar Health, Inc. (NYSE:OSCR) stakeholder, with 37.6 million shares worth $654.1 million. Overall, 17 hedge funds tracked by Insider Monkey were long Oscar Health, Inc. (NYSE:OSCR), up from 16 funds in the prior quarter. 

On November 10, Oscar Health, Inc. (NYSE:OSCR) posted its Q3 results, announcing a loss per share of $1.02, missing estimates by $0.37. Revenue over the period totaled $668.38 million, outperforming estimates by $27.38 million. 

Morgan Stanley analyst Ricky Goldwasser on November 12 lowered the price target on Oscar Health, Inc. (NYSE:OSCR) to $22 from $26 and kept an Overweight rating on the shares.