Chase Coleman’s Tiger Global Management Portfolio: 5 New Stock Picks

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

5. Matterport, Inc. (NASDAQ:MTTR

Tiger Global Management LLC’s Stake Value: $141,825,000

Percentage of Tiger Global Management LLC’s 13F Portfolio: 0.27%

Number of Hedge Fund Holders: 22

Matterport, Inc. (NASDAQ:MTTR) is a spatial data company that allows space images to be converted into 3D designs and builds, to understand and study the concept of space conveniently. Tiger Global Management owns 7.5 million Matterport, Inc. (NASDAQ:MTTR) shares, worth $141.8 million as of September this year, representing 0.27% of the firm’s total investment securities. 

Matterport, Inc. (NASDAQ:MTTR), on November 3, reported its Q3 earnings. EPS in the period equaled -$0.06, beating estimates by $0.01. The $27.66 million revenue, however, failed to meet analysts’ expected revenue by -$1.49 million. 

Credit Suisse analyst John Walsh raised the price target on Matterport, Inc. (NASDAQ:MTTR) to $34 from $25 on November 23, and kept an Outperform rating on the shares, stating that he expects 86% of revenue to be ARR in 2025.

As of the third quarter of 2021, 22 hedge funds monitored by Insider Monkey were bullish on Matterport, Inc. (NASDAQ:MTTR), with total stakes amounting to $371.5 million. 

Here is what Miller Value Partners has to say about Matterport, Inc. (NASDAQ:MTTR) in its Q3 2021 investor letter:

“Matterport Inc. (MTTR) took off during the quarter climbing 78.90% following the company’s de-SPAC in July. The company announced they have expanded ‘Matterport Capture Services’, their on demand digitization service, to 22 new US cities and added four in the United Kingdom. This will allow customers to schedule a technician to digitize any commercial or residential property and is now available in 51 US cities in total. The company also announced a beta version of its Notes collaboration tool, a conversational, real-time team collaboration, communication and file sharing tool inside the Matterport digital twin.”

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