Latest news with #TigerGlobalManagement
Time of India
05-08-2025
- Automotive
- Time of India
Ola Electric early investors Z47, Tiger Global pare stakes
Two early backers of Ola Electric Mobility, venture capital firm Z47 and hedge fund Tiger Global Management , have cut their stakes in the electric two-wheeler (E2W) maker between April and June this year, according to shareholding data with stock exchanges.Z47, formerly known as Matrix Partners India, sold less than a 1% stake in Ola Electric during the three months to June. It earned up to Rs 187 crore from this share investor now holds a 1.93% stake, or around 8.5 crore shares, in the electric scooter maker. At the last closing price of Rs 41 per share, this amounts to Rs 347 crore.Z47 first invested in Ola Electric in 2019, putting in a total of Rs 107 crore. The venture capital firm is also invested in the ride-hailing arm Ola Cabs and the AI venture Krutrim. ET reported in October last year that Z47 is trimming stake in Ola, business-to-business (B2B) commerce company OfBusiness, fintech firm Razorpay, and local language content app Dailyhunt, to net $150–180 Tiger Global Management brought down its stake in Ola Electric to 3.24% at the end of June 2025, from 3.45% three months ago. The company now holds Rs 585 crore in the EV maker through its Internet Fund June, Hyundai Motor Company and Kia Corporation sold around 10.88 crore and 2.7 crore shares, respectively, earning Rs 552 crore and Rs 137 Electric's operating revenue for the first quarter nearly halved from a year earlier, and its loss widened, as sales took a hit amid intensified competition in India's E2W market . The company posted a net loss of Rs 428 crore on revenue of Rs 828 crore for the quarter ended June 30. While net loss widened from Rs 347 crore a year earlier, it narrowed to less than half from Rs 870 crore in the January-March quarter. It had posted operating revenue of Rs 611 crore in the March company has now changed tack to target profitability, said founder and managing director Bhavish Aggarwal on an earnings call.'We have transitioned from aggressive penetration to a more balanced, profitable growth strategy,' Aggarwal said. 'The industry is consolidating after a hyper-growth phase and will see another surge in the near future. Until then, it's time to consolidate operations.'
Globe and Mail
22-05-2025
- Business
- Globe and Mail
2 "Magnificent Seven" Stocks Billionaires Are Buying
The " Magnificent Seven" includes some of the most profitable and dominant tech companies in the world. These are financially strong companies with a long history of delivering market-beating returns for shareholders, which is why they have earned the label "magnificent." The most recent quarterly Form 13Fs revealed two notable fund managers buying more shares of Microsoft (NASDAQ: MSFT) and Amazon (NASDAQ: AMZN) in the first quarter. Let's explore why these billionaires may favor these stocks in 2025. 1. Microsoft One of the most widely held stocks by investment managers is Microsoft. Billionaires Stephen Mandel of Lone Pine Capital and Chase Coleman of Tiger Global Management have held large stakes in Microsoft for several years, and both investors were buying more shares in the first quarter. One reason that may explain why billionaire fund managers like Microsoft right now is the momentum in the company's cloud computing business. Revenue from Microsoft Azure grew 33% year over year in the first quarter, accelerating over the prior quarter's 31% growth rate. "We continue to see strong demand for our cloud and AI offerings as they help customers drive productivity, increase efficiencies, and grow their businesses," Microsoft CFO Amy Hood said. Microsoft Azure is one of the top cloud services providers, and it is building a solid competitive advantage. It continues to expand its data center capacity worldwide. This is helping Azure offer superior regional availability for companies using popular enterprise software vendors like Oracle and SAP. Microsoft has certainly lived up to its label as a Magnificent Seven stock. Its dominance in the software market with Windows and Office has made it one of the most profitable companies in the world, and its growth opportunity in cloud services points to a bright future. Over the last five years, its revenue and earnings per share have roughly doubled, sending its stock higher. However, Microsoft will need to prove to investors that it can translate booming demand for cloud services into higher profits down the road. The capital required to build these data centers has weighed on the company's margins and earnings growth over the past year. On that note, Microsoft came through last quarter, delivering year-over-year earnings growth of 18%. The stock traded as low as 26 times this year's earnings during Q1, when Lone Pine Capital and Tiger Global may have been buying shares. The current forward earnings multiple of 34 is at the high end of the stock's previous trading history. Investors may want to wait for a better price before opening a position. But more results like Microsoft posted last quarter could support new highs. 2. Amazon Stephen Mandel and Chase Coleman also bought more shares of Microsoft's competitor in the cloud market. Amazon dominates the e-commerce market while also operating the leading cloud business with Amazon Web Services. There are a few reasons why these investors like Amazon. Like Microsoft, Amazon Web Services (AWS) has seen strong demand for cloud services. Revenue from AWS accelerated over the past year and grew 17% year over year in Q1. AWS is now generating trailing-12-month revenue of $112 billion, or 19% of Amazon's business. Demand for AI-related services has been growing at triple-digit rates. Amazon is leading the cloud market for similar reasons to why it dominates the U.S. e-commerce market. It is focused on making AI more affordable for businesses by offering its proprietary AI chips, such as Trainium3, that help reduce costs. It also offers tools for building AI applications, such as Amazon Bedrock. Perhaps the most important reason billionaires are buying Amazon shares is that it is growing profits at high rates. Amazon's earnings per share grew 62% year over year in Q1. This primarily reflects cost-saving measures, such as the use of robotics in warehouses to streamline Amazon's retail operation. Amazon has a strong competitive advantage based on over 200 million Prime members, a delivery network, and data center infrastructure to support growing cloud demand. While Microsoft Azure is growing faster than Amazon Web Services, the cloud market is growing around 20% year over year. The insatiable demand for AI services is a rising tide that can lift all boats. On the basis of Amazon's operating cash flow, the stock is trading at a multiple of 19, which is at the lower end of Amazon's trading history. Barring a sudden downturn in the stock market, investors should expect Amazon's stock to deliver solid returns in 2025 and beyond. Should you invest $1,000 in Microsoft right now? Before you buy stock in Microsoft, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Microsoft wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $644,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $807,814!* Now, it's worth noting Stock Advisor 's total average return is962% — a market-crushing outperformance compared to169%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 19, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Microsoft, and Oracle. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
Bloomberg
21-05-2025
- Business
- Bloomberg
Insight Partners-Backed Hinge Health IPO Raises $437 Million
Hinge Health Inc. and a group of investors raised $437 million in the digital physical therapy provider's US initial public offering, pricing shares at the top of a marketed range. The company and backers including Tiger Global Management and Insight Partners sold about 13.7 million shares in aggregate for $32 each, according to a statement Wednesday. The shares were offered for $28 to $32 each.
Yahoo
15-05-2025
- Business
- Yahoo
Chase Coleman's Strategic Moves: Apollo Global Management Inc. Sees Significant Reduction
Chase Coleman (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. Chase Coleman (Trades, Portfolio) is the founder of Tiger Global Management, which was established in 2001. As one of the tiger cubs who learned from legendary investor Julian Robertson, the guru is known for his interest in small caps and technology stocks. The firm applies a fundamentally oriented, long-term investment approach. It seeks to invest in high-quality companies that benefit from powerful secular growth trends and are led by excellent management teams. Warning! GuruFocus has detected 2 Warning Sign with META. Chase Coleman (Trades, Portfolio) added a total of 5 stocks, among them: The most significant addition was AppLovin Corp (NASDAQ:APP), with 1,668,240 shares, accounting for 1.66% of the portfolio and a total value of $442.03 million. The second largest addition to the portfolio was Zillow Group Inc (NASDAQ:Z), consisting of 5,215,000 shares, representing approximately 1.34% of the portfolio, with a total value of $357.54 million. The third largest addition was GE Vernova Inc (NYSE:GEV), with 1,055,294 shares, accounting for 1.21% of the portfolio and a total value of $322.16 million. Chase Coleman (Trades, Portfolio) also increased stakes in a total of 14 stocks, among them: The most notable increase was Veeva Systems Inc (NYSE:VEEV), with an additional 2,042,500 shares, bringing the total to 2,420,500 shares. This adjustment represents a significant 540.34% increase in share count, a 1.78% impact on the current portfolio, with a total value of $560.66 million. The second largest increase was Microsoft Corp (NASDAQ:MSFT), with an additional 896,700 shares, bringing the total to 6,240,865. This adjustment represents a significant 16.78% increase in share count, with a total value of $2,342.76 million. Chase Coleman (Trades, Portfolio) completely exited 9 holdings in the first quarter of 2025, as detailed below: Qualcomm Inc (NASDAQ:QCOM): Chase Coleman (Trades, Portfolio) sold all 1,857,700 shares, resulting in a -1.08% impact on the portfolio. Datadog Inc (NASDAQ:DDOG): Chase Coleman (Trades, Portfolio) liquidated all 979,400 shares, causing a -0.53% impact on the portfolio. Chase Coleman (Trades, Portfolio) also reduced positions in 2 stocks. The most significant changes include: Reduced Apollo Global Management Inc (NYSE:APO) by 6,062,828 shares, resulting in a -49.4% decrease in shares and a -3.78% impact on the portfolio. The stock traded at an average price of $153.77 during the quarter and has returned -11.31% over the past 3 months and -12.57% year-to-date. Reduced Uber Technologies Inc (NYSE:UBER) by 2,446,700 shares, resulting in a -94.18% reduction in shares and a -0.56% impact on the portfolio. The stock traded at an average price of $72.04 during the quarter and has returned 13.52% over the past 3 months and 49.47% year-to-date. At the first quarter of 2025, Chase Coleman (Trades, Portfolio)'s portfolio included 45 stocks, with top holdings including 16.18% in Meta Platforms Inc (NASDAQ:META), 8.81% in Microsoft Corp (NASDAQ:MSFT), 7.87% in Sea Ltd (NYSE:SE), 5.99% in Alphabet Inc (NASDAQ:GOOGL), and 4.71% in Inc (NASDAQ:AMZN). The holdings are mainly concentrated in 8 of the 11 industries: Communication Services, Technology, Consumer Cyclical, Healthcare, Financial Services, Basic Materials, Industrials, and Real Estate. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus.
Yahoo
15-05-2025
- Business
- Yahoo
Chase Coleman's Strategic Moves: Apollo Global Management Inc. Sees Significant Reduction
Chase Coleman (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. Chase Coleman (Trades, Portfolio) is the founder of Tiger Global Management, which was established in 2001. As one of the tiger cubs who learned from legendary investor Julian Robertson, the guru is known for his interest in small caps and technology stocks. The firm applies a fundamentally oriented, long-term investment approach. It seeks to invest in high-quality companies that benefit from powerful secular growth trends and are led by excellent management teams. Warning! GuruFocus has detected 2 Warning Sign with META. Chase Coleman (Trades, Portfolio) added a total of 5 stocks, among them: The most significant addition was AppLovin Corp (NASDAQ:APP), with 1,668,240 shares, accounting for 1.66% of the portfolio and a total value of $442.03 million. The second largest addition to the portfolio was Zillow Group Inc (NASDAQ:Z), consisting of 5,215,000 shares, representing approximately 1.34% of the portfolio, with a total value of $357.54 million. The third largest addition was GE Vernova Inc (NYSE:GEV), with 1,055,294 shares, accounting for 1.21% of the portfolio and a total value of $322.16 million. Chase Coleman (Trades, Portfolio) also increased stakes in a total of 14 stocks, among them: The most notable increase was Veeva Systems Inc (NYSE:VEEV), with an additional 2,042,500 shares, bringing the total to 2,420,500 shares. This adjustment represents a significant 540.34% increase in share count, a 1.78% impact on the current portfolio, with a total value of $560.66 million. The second largest increase was Microsoft Corp (NASDAQ:MSFT), with an additional 896,700 shares, bringing the total to 6,240,865. This adjustment represents a significant 16.78% increase in share count, with a total value of $2,342.76 million. Chase Coleman (Trades, Portfolio) completely exited 9 holdings in the first quarter of 2025, as detailed below: Qualcomm Inc (NASDAQ:QCOM): Chase Coleman (Trades, Portfolio) sold all 1,857,700 shares, resulting in a -1.08% impact on the portfolio. Datadog Inc (NASDAQ:DDOG): Chase Coleman (Trades, Portfolio) liquidated all 979,400 shares, causing a -0.53% impact on the portfolio. Chase Coleman (Trades, Portfolio) also reduced positions in 2 stocks. The most significant changes include: Reduced Apollo Global Management Inc (NYSE:APO) by 6,062,828 shares, resulting in a -49.4% decrease in shares and a -3.78% impact on the portfolio. The stock traded at an average price of $153.77 during the quarter and has returned -11.31% over the past 3 months and -12.57% year-to-date. Reduced Uber Technologies Inc (NYSE:UBER) by 2,446,700 shares, resulting in a -94.18% reduction in shares and a -0.56% impact on the portfolio. The stock traded at an average price of $72.04 during the quarter and has returned 13.52% over the past 3 months and 49.47% year-to-date. At the first quarter of 2025, Chase Coleman (Trades, Portfolio)'s portfolio included 45 stocks, with top holdings including 16.18% in Meta Platforms Inc (NASDAQ:META), 8.81% in Microsoft Corp (NASDAQ:MSFT), 7.87% in Sea Ltd (NYSE:SE), 5.99% in Alphabet Inc (NASDAQ:GOOGL), and 4.71% in Inc (NASDAQ:AMZN). The holdings are mainly concentrated in 8 of the 11 industries: Communication Services, Technology, Consumer Cyclical, Healthcare, Financial Services, Basic Materials, Industrials, and Real Estate. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
