As Tesla (TSLA) Stock Value Rose, Holder Whale Rock Capital Management Decreased Its Stake; Third Point Increases Holding in Mohawk Inds (MHK)

January 13, 2018 - By Ellis Scott

Dan Loeb increased its stake in Mohawk Inds Inc (MHK) by 2.86% based on its latest 2017Q3 regulatory filing with the SEC. Third Point Llc bought 25,000 shares as the company’s stock rose 3.82% with the market. The hedge fund run by Dan Loeb held 900,000 shares of the consumer durables company at the end of 2017Q3, valued at $222.76 million, up from 875,000 at the end of the previous reported quarter. Third Point Llc who had been investing in Mohawk Inds Inc for a number of months, seems to be bullish on the $20.37 billion market cap company. The stock increased 0.86% or $2.35 during the last trading session, reaching $274.07. About 668,067 shares traded or 35.46% up from the average. Mohawk Industries, Inc. (NYSE:MHK) has risen 20.32% since January 13, 2017 and is uptrending. It has outperformed by 3.62% the S&P500.

Alex Sacerdote decreased its stake in Tesla Inc (TSLA) by 14.93% based on its latest 2017Q3 regulatory filing with the SEC. Whale Rock Capital Management Llc sold 27,506 shares as the company’s stock rose 14.18% with the market. The hedge fund run by Alex Sacerdote held 156,672 shares of the capital goods company at the end of 2017Q3, valued at $53.44M, down from 184,178 at the end of the previous reported quarter. Whale Rock Capital Management Llc who had been investing in Tesla Inc for a number of months, seems to be less bullish one the $56.51 billion market cap company. The stock decreased 0.51% or $1.73 during the last trading session, reaching $336.22. About 4.83M shares traded. Tesla, Inc. (NASDAQ:TSLA) has risen 44.43% since January 13, 2017 and is uptrending. It has outperformed by 27.73% the S&P500.

Whale Rock Capital Management Llc, which manages about $1.16 billion and $1.92 billion US Long portfolio, upped its stake in Lumentum Hldgs Inc by 735,239 shares to 1.59M shares, valued at $86.44 million in 2017Q3, according to the filing. It also increased its holding in Alibaba Group Hldg Ltd (NYSE:BABA) by 38,430 shares in the quarter, for a total of 793,542 shares, and has risen its stake in Facebook Inc (NASDAQ:FB).

Analysts await Tesla, Inc. (NASDAQ:TSLA) to report earnings on February, 28. They expect $-3.75 earnings per share, down 200.00% or $2.50 from last year’s $-1.25 per share. After $-3.59 actual earnings per share reported by Tesla, Inc. for the previous quarter, Wall Street now forecasts 4.46% negative EPS growth.

Investors sentiment increased to 1.3 in Q3 2017. Its up 0.03, from 1.27 in 2017Q2. It increased, as 93 investors sold TSLA shares while 134 reduced holdings. 73 funds opened positions while 223 raised stakes. 93.25 million shares or 1.29% more from 92.06 million shares in 2017Q2 were reported. Commerce National Bank & Trust invested in 2,063 shares or 0.01% of the stock. Pittenger And Anderson Incorporated has invested 0.01% in Tesla, Inc. (NASDAQ:TSLA). Bartlett Ltd has invested 0% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). Oppenheimer & Comm Inc accumulated 0.04% or 3,984 shares. Schaller Investment Gru has invested 0.89% in Tesla, Inc. (NASDAQ:TSLA). Williams Jones Assocs Ltd Limited Liability Company invested in 0.01% or 665 shares. New York-based First Manhattan has invested 0% in Tesla, Inc. (NASDAQ:TSLA). Lord Abbett And Lc stated it has 0.14% in Tesla, Inc. (NASDAQ:TSLA). Ameriprise Fincl Inc holds 0% of its portfolio in Tesla, Inc. (NASDAQ:TSLA) for 24,340 shares. Moreover, Rathbone Brothers Plc has 0.19% invested in Tesla, Inc. (NASDAQ:TSLA). Profund Advsr Llc accumulated 10,159 shares. Harbourvest Partners Limited Liability reported 0.71% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). Koshinski Asset Mngmt Incorporated accumulated 0.13% or 1,129 shares. North Star Invest Corp stated it has 0.02% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). Plante Moran Financial Limited Liability Co reported 2 shares.

Among 34 analysts covering Tesla Motors Inc (NASDAQ:TSLA), 11 have Buy rating, 10 Sell and 13 Hold. Therefore 32% are positive. Tesla Motors Inc had 118 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by JP Morgan on Tuesday, April 19 with “Underweight”. Robert W. Baird upgraded the stock to “Outperform” rating in Monday, March 14 report. The firm has “Sell” rating given on Friday, October 30 by UBS. The firm earned “Outperform” rating on Wednesday, November 25 by Credit Suisse. On Tuesday, December 5 the stock rating was maintained by Morgan Stanley with “Hold”. The stock of Tesla, Inc. (NASDAQ:TSLA) earned “Market Perform” rating by JMP Securities on Monday, December 14. The firm has “Hold” rating by RBC Capital Markets given on Thursday, November 2. Deutsche Bank maintained Tesla, Inc. (NASDAQ:TSLA) rating on Monday, March 20. Deutsche Bank has “Hold” rating and $240 target. Robert W. Baird maintained the shares of TSLA in report on Friday, September 29 with “Buy” rating. Robert W. Baird maintained the shares of TSLA in report on Thursday, November 2 with “Buy” rating.

Since August 1, 2017, it had 0 insider buys, and 8 selling transactions for $19.84 million activity. The insider FIELD JOHN DOUGLAS sold 1,400 shares worth $476,944. Another trade for 2,190 shares valued at $748,311 was made by Musk Kimbal on Monday, October 2. On Tuesday, August 22 the insider Jurvetson Stephen T sold $15.24 million.

Investors sentiment increased to 1.1 in 2017 Q3. Its up 0.01, from 1.09 in 2017Q2. It improved, as 27 investors sold MHK shares while 171 reduced holdings. 59 funds opened positions while 158 raised stakes. 55.82 million shares or 0.01% less from 55.83 million shares in 2017Q2 were reported. Barclays Public Limited Co has invested 0.05% in Mohawk Industries, Inc. (NYSE:MHK). 68,632 are owned by Schroder Invest Mngmt Grp Incorporated. 25,504 were reported by Weiss Multi. The Arizona-based Cue Grp has invested 0.47% in Mohawk Industries, Inc. (NYSE:MHK). Nordea Invest Mngmt Ab holds 0.06% or 99,104 shares. Korea Invest Corporation owns 17,985 shares or 0.02% of their US portfolio. Principal Finance Group Incorporated has invested 0.29% in Mohawk Industries, Inc. (NYSE:MHK). Cibc Asset Mngmt holds 0.01% or 6,401 shares. Stellar Cap Limited Liability Com invested in 2.43% or 13,960 shares. Grandfield & Dodd Ltd Co owns 1,251 shares for 0.03% of their portfolio. Patten Group reported 11 shares stake. Select Equity Gru Lp has invested 4.03% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK). First Citizens Bankshares Com holds 0.32% or 9,860 shares. Glg LP has 0.4% invested in Mohawk Industries, Inc. (NYSE:MHK) for 30,691 shares. Royal Comml Bank Of Canada holds 279,607 shares.

Since August 11, 2017, it had 0 insider purchases, and 2 selling transactions for $5.06 million activity. On Tuesday, September 5 the insider LORBERBAUM JEFFREY S sold $5.02 million.

Among 18 analysts covering Mohawk (NYSE:MHK), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. Mohawk had 43 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Mohawk Industries, Inc. (NYSE:MHK) earned “Outperform” rating by Robert W. Baird on Tuesday, November 3. Bank of America initiated Mohawk Industries, Inc. (NYSE:MHK) rating on Friday, September 23. Bank of America has “Neutral” rating and $235 target. The stock of Mohawk Industries, Inc. (NYSE:MHK) has “Buy” rating given on Monday, November 20 by Robert W. Baird. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, August 10. The stock has “Outperform” rating by Barclays Capital on Tuesday, October 13. The firm earned “Buy” rating on Friday, July 28 by Stifel Nicolaus. On Monday, October 30 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm earned “Buy” rating on Wednesday, September 6 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Buy” rating in Monday, July 31 report. On Monday, June 19 the stock rating was maintained by RBC Capital Markets with “Buy”.

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