5 Stocks to Buy Now According to Chet Kapoor’s Tenzing Global

In this piece, we will take a look at the top 5 stocks to buy now according to Chet Kapoor’s Tenzing Global. If you want a detailed look at Mr. Kapoor’s portfolio, his background, and investment strategy, then head on to 11 Stocks to Buy Now According to Chet Kapoor’s Tenzing Global.

5. 2U, Inc. (NASDAQ:TWOU)

Tenzing Global’s Holdings: $10 million

Percentage of Tenzing Global Portfolio: 3.4%

Number of Hedge Fund Holders: 22

2U, Inc. (NASDAQ:TWOU) is an American company that targets the education sector by providing colleges and universities with online degree programs and short technical courses. It is headquartered in Maryland and caters to customers in the U.S., U.K., South Africa, and Hong Kong.

Mr. Kapoor’s investment firm held 300,000 2U, Inc. (NASDAQ:TWOU) shares as of Q3 2021. These were worth $10 million and represented 3.4% of its portfolio. During the same time period, 22 of the 867 hedge funds polled by Insider Monkey had holdings in the educational firm.

2U, Inc. (NASDAQ:TWOU) brought in $232 million in revenue and -$0.23 in non-GAAP EPS for its third fiscal quarter, meeting analyst estimates for revenue and beating them for EPS. Its price target was lowered to $40 from $46 by BMO Capital in a November 2021 analyst note that outlined a positive future for the company given the growth in online learning in the wake of the ongoing pandemic.

2U, Inc. (NASDAQ:TWOU)’s the largest investor is Catherine D. Wood’s ARK Investment Management. It owns a $282 million stake in the company through 8.4 million shares.