5 Stocks to Sell According to Julian Robertson’s Tiger Management

In this article, we discuss the 5 stocks to sell according to Julian Robertson’s Tiger Management. If you want to see our detailed analysis of Robertson’s history, investment philosophy, and hedge fund performance, go directly to 10 Stocks to Sell According to Julian Robertson’s Tiger Management.

5. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 156

Mastercard Incorporated (NYSE:MA), a multinational financial services company that provides transaction processing and other payment-related products and services. Ranked fifth on the list of the 10 stocks to sell according to Julian Robertson’s Tiger Management, Mastercard Incorporated (NYSE:MA) has a market capitalization of $353.42 billion.

At the end of the second quarter of 2021, Tiger Management sold off its entire stake in Mastercard Incorporated (NYSE:MA), reducing its shares of the company to 0%.

On July 29, Mastercard Incorporated (NYSE:MA) released its quarterly earnings report for the second quarter of 2021, with reported earnings per share at $1.95, beating estimates by $0.20. The company also reported revenues of $4.53 billion, beating forecast estimates by $160.71 million. At the end of the second quarter of 2021, 156 hedge funds in the database of Insider Monkey held stakes worth $17.10 billion in Mastercard Incorporated (NYSE:MA), up from 154 the preceding quarter worth $17.09 billion.

On August 17, JPMorgan analyst Tien-tsin Huang raised the firm’s price target on Mastercard Incorporated (NYSE:MA) to $430 from $427 and kept an Overweight rating on the shares.

In the Q2 2021 investor letter of Qualivian Investment Partners, the fund mentioned Mastercard Incorporated (NYSE:MA). Here is what the fund said:

“Mastercard: Q2 revenue and EPS beat consensus estimates by 3.7% and 12% respectively. Operating margins also beat consensus by +240 bps. Gross domestic volume growth of +38.3% (+32.8% in constant currency) was buttressed by continued e-commerce strength and better in-store performance, while purchase volumes grew 41.8% (35.5% in constant currency). Cross border performance was strong, but durability remains uncertain given uncertainty arising from the Delta variant and its impact on travel and tourism. We believe Mastercard has a robust runway for growth given further travel recovery, new/existing partnerships, traction in digital payments, and ongoing economic recovery.”