Morgan Stanley (NYSE:MS) really likes Tesla Motors Inc (NASDAQ:TSLA). Just a few days ago, the company released a report on the company that set its twelve month price target at $103. That was before the auto maker announced that it was going to take on debt and sell additional shares. Now Morgan Stanley (NYSE:MS) is aiming even higher. The report boosts its Base Case twelve month valuation for the EV manufacturer by close to...
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Hedge funds filed their Q1 equity holdings over the last couple of days. While many of the stock picks and exits were expected, like everyone buying Hess Corp. (NYSE:HES) and Dell Inc. (NASDAQ:DELL) which are targets of proxy fights from their famous shareholders, there are also some moves that stood out. Here are the surprise buys/sells from the top investors in hedge fund industry. Loeb Exits Morgan Stanley, Already! If we look at Dan...
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JPMorgan Chase & Co. (NYSE:JPM) sent a formal demand letter to Bloomberg requesting data on all staff members since 2008, who have used its terminals to track activities of the bank’s Bloomberg subscribers. In its letter sent this week, the largest U.S. bank is seeking logs for five years of what precisely Bloomberg journalists accessed concerning the use of terminals by JPMorgan Chase & Co. (NYSE:JPM) employees. JPMorgan Chase & Co. (NYSE:JPM) is one of the...
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Billionaire investor, George Soros’ latest 13F filing with the Securities and Exchange Commission (SEC) showed that market value of his hedge fund was $8,560, 747, 477 for the first quarter of 2013. New Stockholdings During the period, Soros Fund Management’s purchased 88 new equities and some of its significant stock acquisitions include Brocade Communications Systems, Inc. (NASDAQ:BRCD), BMC Software, Inc. (NASDAQ:BMC), MeadWestvaco Corp. (NYSE:MWV), Red Hat Inc (NYSE:RHT), and Akamai Technologies, Inc. (NASDAQ:AKAM). Soros...
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Alden Global Capital’s latest 13F filing with the Securities and Exchange Commission indicates that is portfolio was worth $5.8 billion at the end of March. The firm purchased seven new stocks, including Zynga Inc (NASDAQ:ZNGA) and Dell Inc (NASDAQ:DELL), during the first quarter and increased its holdings in two others. It also sold out of four stocks and reduced its holdings in seven others. At the end of the first quarter, the firm’s top...
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Dan Loeb’s Third Point fund had a market value of $5.3 billion at the end of the first quarter, according to its latest 13F filing with the Securities and Exchange Commission. The firm bought 17 new stocks and increased its position in six others during the first three months of the year. It also sold out of 17 companies and reduced its stake in 12 others. As of the end of March, the company’s...
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Moore Capital Management has filed its 13 F form with the SEC for the period ending March 31 2013. The investment firm showed that the equities it holds long under management increased from $3,892,100,970 to $6,193,598,980 in the first three months of the year, a phenomenal increase of more than 59 percent. Moore Capital Changes In Stock Holdings The company changed several of its holdings in the financial sector during the first three months...
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YouTube can contribute gross revenue of $20 billion and operating income of $5 billion to Google Inc (NASDAQ:GOOG), says a report from Morgan Stanley (NYSE:MS). Google has been actively drawing revenues from its advertising and at present YouTube contributes 1.5 percent of WW TV Ad spending. And if YouTube captures an amount equivalent 6 percent by 2020, then it could contribute $20 billion to revenues. Google Inc (GOOG)’s YouTube a Dominant Player YouTube holds...
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Tesla Motors Inc (NASDAQ:TSLA) appears to have thrown off most of the mainstream skepticism that weighed it down for months as major financial institutions appear certain that the stock is one of the best bets on the market right now. A new report from Morgan Stanley (NYSE:MS) raises the price target on the company from $47 to $103, in a truly stunning report. The report is one of the most universally positive on Tesla,...
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Goodhaven Capital Management’s 13f filing with the Securities and Exchange Commission (SEC) for the first quarter of 2013 showed that the market value of its total stockholdings increased from approximately $257.49 million to more than $346.62 million. Larry Pitkowsky and Keith Trauner, former analysts, portfolio managers, and executives of Fairhome Capital Management established Goodhaven Capital Management in 2011. To demonstrate their commitment in generating high returns from the equities they recommend to their clients,...
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UniCredit SpA (BIT:UCG) (BIT:UCGR) showed a year over year decrease in profits and revenue for the first quarter of 2013. Profits declined from 914 million euros last year to 449 million euros; and revenues fell from 7.11 billion euros last year to 6.08 billion euros. Its rival, BNP Paribas SA (EPA:BNP), also experienced a profit decrease year over year from 2.9 billion euros to 1.6 billion euros. However, BNP Paribas had revenues increase by 169...
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