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Stocks bought by Hedge Funds this week
3rd September
Hello!
This is Seven Lakes Research, the #1 resource for Insider Stock Trading.
We provide updates when politicians, celebrities, top managers, hedge funds and stock gurus make trades
We screened the Hedge Funds market today, and found:
Citadel Advisors bought Palantir Technologies Inc (PLTR)
Vanguard Group bought Tesla, Inc. (TSLA)
BlackRock bought Alphabet Inc. (GOOGL)
and much more
More information in the sections below. Thanks for reading!
Seven Lakes Research team
TOP 3 STOCKS BOUGHT BY HEDGE FUNDS THIS WEEK
Stock #1
Citadel new position: Palantir Technologies Inc ($PLTR)
Palantir Technologies Inc is a leader in big data analytics, offering solutions that serve both governmental and commercial sectors.
Ticker: PLTR | Price: $30 | Market Cap: $68bn
Analysts recommendation: Buy
Sector: š» Technology/Big Data
What happened?
Citadel Advisors invested in Palantir Technologies Inc (PLTR) due to its strong positioning in the rapidly expanding data analytics market. Palantir's stock price is $30, with a market cap of $68 billion. The company reported a 25% year-over-year revenue growth, reaching $2.2 billion in the last quarter. Palantirās robust government contracts and increasing commercial sector penetration have contributed to its strong financial performance. Citadel's investment underscores confidence in Palantirās long-term growth prospects as it continues to expand its customer base and enhance its product offerings.
How do you feel about this stock today? |
Stock #2
Vanguard Group new position: Tesla, Inc. ($TSLA)
Tesla, Inc. is the global leader in electric vehicles and clean energy solutions, with a significant presence in the automotive and energy sectors.
Ticker: TSLA | Price: $214 | Market Cap: $683bn
Analysts recommendation: Buy
Sector: š Automotive/Energy
What happened?
Vanguard Group invested in Tesla, Inc. (TSLA) due to its unparalleled leadership in the electric vehicle market and its innovative advancements in clean energy. Teslaās stock price is $250.00, with a market cap of $795 billion. The company reported a 40% year-over-year increase in vehicle deliveries, contributing to a revenue growth of 30%, totaling $105 billion. Tesla's expansion into new markets and continuous innovation in battery technology further strengthen its growth trajectory. Vanguardās investment reflects its confidence in Teslaās ability to maintain its market dominance and drive future growth.
How do you feel about this stock today? |
Stock #3
BlackRock new position: Alphabet Inc. ($GOOGL)
Alphabet Inc. is the parent company of Google, leading in search engine technology, digital advertising, and cloud computing.
Ticker: GOOGL | Price: $158 | Market Cap: 1.9tn
Analysts recommendation: Buy
Sector: š Technology/Communication
What happened?
BlackRock invested in Alphabet Inc. (GOOGL) driven by its dominant position in the digital advertising space and its strong growth in cloud computing services. Alphabet's stock price is $140.00, with a market cap of $1.8 trillion. The company reported a 25% year-over-year revenue increase, with Google Cloud contributing significantly with $30 billion in revenue. Alphabetās continuous investment in AI and other cutting-edge technologies is expected to fuel its long-term growth. BlackRockās investment highlights confidence in Alphabetās ability to innovate and sustain its leadership in multiple technology sectors.
How do you feel about this stock today? |
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LATEST INSIDER TRADING NEWS AND INTERESTING LINKS
Steven Mnuchin, Board Member at Lions Gate Entertainment Corp, purchased 57,035 shares at $8.50 per share.
Insider Monitor - July 30, 2024ā (Insider Monitor).Michael Feinsod, CEO of Bespoke Extracts, Inc., bought 3,000 shares at $0.07 per share.
Insider Monitor - July 22, 2024 ā(Insider Monitor).Kishore Seendripu, CEO of Maxlinear, Inc., acquired 108,303 shares at $12.94 per share.
Insider Monitor - July 30, 2024ā (Insider Monitor).Boaz Weinstein, 10% Owner at Blackrock Innovation & Growth Term Trust, purchased 27,528 shares at $7.25 per share.
Insider Monitor - July 29, 2024 ā(Insider Monitor).
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