Andreas Halvorsen’s Viking Global Portfolio: 5 New Stock Picks

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In this article, we discuss the top 5 new stock picks of Andreas Halvorsen’s Viking Global. If you want our detailed analysis of these stocks, go directly to Andreas Halvorsen’s Viking Global Portfolio: 10 New Stock Picks

5. Farfetch Limited (NYSE:FTCH

Viking Global’s Stake Value: $432,446,000

Percentage of Viking Global’s 13F Portfolio: 1.19%

Number of Hedge Fund Holders: 51

Farfetch Limited (NYSE:FTCH), a British-Portuguese online fashion retailer offering over 700 global luxury brands, is a new addition to Halvorsen’s Q3 portfolio, with Viking Global purchasing 11.53 million shares in the company, worth $432.4 million, accounting for 1.19% of the firm’s total investments. 

Farfetch Limited (NYSE:FTCH), on November 18, posted its Q3 earnings. EPS in the period amounted to -$0.14, beating estimates by $0.02. Farfetch Limited (NYSE:FTCH) reported a quarterly revenue of $582.57 million, missing estimates by $8.78 million. 

UBS analyst Kunal Madhukar assumed coverage of Farfetch Limited (NYSE:FTCH) on December 3 with a Buy rating and a $45 price target. The analyst is bullish on the stock as the technology used by Farfetch Limited (NYSE:FTCH) cannot be replicated according to him, and the company is positioned to benefit from exciting online trends.  

Out of the 867 hedge funds monitored by Insider Monkey, 51 funds were long Farfetch Limited (NYSE:FTCH) in Q3 2021, with Stephen Mandel’s Lone Pine Capital holding a leading position in Farfetch Limited (NYSE:FTCH), with almost 23 million shares worth approximately $860 million.

Here is what U.S. SMID Company Growth Fund has to say about Farfetch Limited (NYSE:FTCH) in its Q3 2021 investor letter:

“Farfetch, an e-commerce luxury retailer, traded down during the quarter despite beating earnings expectations. We continue to believe Farfetch is well-positioned to capitalize on growth in ecommerce luxury retail because of its scale and carefully cultivated partnerships with leading luxury brands. We added to our position.”

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