Tiger Global Management LLC Cuts Share Stake In Alphabet Inc By 24% To 4.1M Shares Of Class A Stock; Raises Share Stake In Amazon By 24.1% To 4.9M Shares; Cuts Share Stake In Meta Platforms Inc By 16.1% To 7.5M Shares; Cuts Share Stake In Nvidia Corporation By 12.9% To 968,355 Shares; Cuts Share Stake In Microsoft Corp By 12.8% To 5.34M Shares; Dissolves Share Stake In Coinbase Global; Dissolves Share Stake In Confluent; Cuts Share Stake In JD.com Inc By 10.7% To 8.8M Class A ADRS
Portfolio Pulse from Benzinga Newsdesk
Tiger Global Management LLC has made significant adjustments to its portfolio, including reducing its share stakes in Alphabet Inc, Meta Platforms Inc, Nvidia Corporation, Microsoft Corp, and JD.com Inc, while increasing its stake in Amazon. Additionally, Tiger Global has completely dissolved its share stakes in Coinbase Global and Confluent.

February 14, 2024 | 6:18 pm
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NEGATIVE IMPACT
Tiger Global Management LLC dissolves its share stake in Confluent.
By dissolving its stake in Confluent, Tiger Global's action could negatively influence investor sentiment towards CFLT, potentially leading to a short-term decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
Tiger Global Management LLC dissolves its share stake in Coinbase Global.
Dissolving its stake in Coinbase Global, Tiger Global's move could be seen as a lack of confidence in COIN, potentially leading to a negative impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
Tiger Global Management LLC cuts its share stake in Alphabet Inc by 24% to 4.1M shares.
A significant reduction in share stake by a major investment firm like Tiger Global could signal a bearish outlook to the market, potentially leading to a short-term negative impact on Alphabet Inc's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tiger Global Management LLC cuts its share stake in JD.com Inc by 10.7% to 8.8M Class A ADRs.
The reduction in share stake in JD.com Inc by Tiger Global could signal a negative outlook, potentially impacting JD.com's stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tiger Global Management LLC cuts its share stake in Meta Platforms Inc by 16.1% to 7.5M shares.
The reduction in share stake by Tiger Global could indicate a less favorable outlook on Meta Platforms Inc, potentially leading to a short-term negative impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tiger Global Management LLC cuts its share stake in Microsoft Corp by 12.8% to 5.34M shares.
The reduction in Microsoft Corp's share stake by Tiger Global could lead to a short-term negative perception and impact on Microsoft's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tiger Global Management LLC cuts its share stake in Nvidia Corporation by 12.9% to 968,355 shares.
The decrease in Nvidia Corporation's share stake by Tiger Global could suggest a bearish view, potentially affecting Nvidia's stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tiger Global Management LLC raises its share stake in Amazon by 24.1% to 4.9M shares.
Increasing its stake in Amazon, Tiger Global Management LLC's move could be perceived positively by the market, potentially leading to a short-term bullish effect on Amazon's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80