Hedge fund billionaires bought Tesla and sold Amazon stock in the third quarter

From Nasdaq: 2025-01-13 03:48:00

In the third quarter, hedge fund billionaires made moves with Tesla and Amazon stocks. Louis Bacon bought Tesla but sold Amazon, while Israel Englander, Dan Loeb, and Chris Rokos also made changes to their positions. The fourth-quarter update will be available in mid-February. Tesla’s recent performance has been mixed, with strong sales in China but declining market share globally.

Tesla has upcoming catalysts like a sub-$30,000 vehicle and improved full self-driving software that could boost earnings estimates. The company also plans to launch an autonomous ride-sharing service, potentially increasing its gross margin significantly. Wall Street expects Tesla’s adjusted earnings to rise by 26% over the next four quarters, despite the stock’s high valuation.

Some hedge funds may have sold Amazon in the third quarter, but the company has strong growth engines in e-commerce, digital advertising, and cloud services. Machine learning and AI help drive revenue and efficiency across these segments. Amazon’s adjusted earnings are expected to increase by 26% over the next four quarters, making its current valuation reasonable.

Investors should consider long-term positions in both Tesla and Amazon, as they continue to innovate and dominate their respective industries. While hedge fund billionaires made moves in the third quarter, the future looks bright for both companies. Wall Street analysts remain optimistic about the growth potential of Tesla and Amazon, despite short-term fluctuations in their stock prices.



Read more at Nasdaq: Tesla Stock vs. Amazon Stock: Billionaires Are Buying One and Selling the Other