tl;dr
Appaloosa Management, the hedge fund founded by billionaire investor David Tepper, made significant moves in its portfolio during Q1 2024, according to its latest 13F filing dated Wednesday. The firm took fresh stakes in Adobe (NASDAQ:ADBE) with 350K shares, JD.com (NASDAQ:JD) with 3.7M shares, and ...
Appaloosa Management, the hedge fund founded by billionaire investor David Tepper, made significant moves in its portfolio during Q1 2024, according to its latest 13F filing dated Wednesday. The firm took fresh stakes in Adobe (NASDAQ:ADBE) with 350K shares, JD.com (NASDAQ:JD) with 3.7M shares, and Boeing (NYSE:BA) with 225K shares. On the other hand, it exited its holdings in FMC Corp. (NYSE:FMC), Whirlpool (NYSE:WHR), Mohawk Industries (NYSE:MHK), and General Motors Company (NYSE:GM). Appaloosa boosted its positions in Alibaba (NYSE:BABA) to 11.3M shares from 4.35M and Oracle (NYSE:ORCL) to 2.30M from 1.33M. It reduced its stakes in Uber Technologies (NYSE:UBER) to 1.36M from 6.00M, Meta Platforms (NASDAQ:META) to 1.12M from 1.85M, and Microsoft (NASDAQ:MSFT) to 1.40M from 1.70M, the filing showed.
More about Adobe Systems Incorporated
Adobe Inc. (ADBE) is a leading American multinational computer software company, known for its specialization in software for content creation, digital marketing management, and services. Headquartered in San Jose, California, the company has a wide global user base.
Key product offerings include Photoshop for image editing, Adobe Illustrator for vector-based illustration, Adobe Acrobat Reader for Portable Document Format (PDF), as well as various tools for audio-visual content creation, editing, and publishing.
Within the stock market, Adobe Inc. operates in the technology sector under services-prepackaged software. As of the latest data, its market capitalization stands at 216.43 billion, with a stock price of 45.46. The company has experienced a 10.47% change in stock price over a specific period. The stock's 52-week high is 621.87, with a low of 43.76. The earnings per share (EPS) ratio is 0.241, and the company's market value is 19.936 billion.
Adobe Inc.'s stock performance shows a negative trend with a -0.498 change in the relative strength index (RSI) and a 0.113 value in Bollinger Bands, indicating a potential bearish signal.
More about JD.com Inc Adr
JD.com Inc Adr Summary
JD.com, Inc. is an e-commerce company and retail infrastructure service provider in the People's Republic of China. The company is headquartered in Beijing, China.
Industry: TRADE & SERVICES, RETAIL-RETAIL STORES, NEC
Market Cap: 49.58B
Current Price: $15.26
Change: 5.39 ( 2.11%)
Volume: 689.94K
PE Ratio: 0.0223
Shares Outstanding: 1.08466202B
EPS: $38.62
Dividend Yield: 0.178
Beta: 0.036
More about The Boeing Company
The Boeing Company is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product support services.
Industry: MANUFACTURING
Sector: AIRCRAFT
Market Cap: $110.97 billion
Dividend Yield: 3.54%
Price/Earnings (P/E) Ratio: 125.63
Price/Book (P/B) Ratio: 0.0281
Revenue: $76.44 billion
Price: $223.96
Change: -0.68%
Change in Percentage: -0.075
More about FMC Corporation
FMC Corporation (Food Machinery and Chemical Corporation) is an American chemical manufacturing company headquartered in Philadelphia, Pennsylvania.
Sector: Life Sciences
Industry: Chemicals & Allied Products
Market Cap: $8.27 billion
P/E Ratio: 6.8
EPS: 2.32
Dividend (Yield): 9.75
52-Week High: $32.49
52-Week Low: $0.277
Revenue: $4.06 billion
Operating Margin: 70.69%
Net Income: $3.073 billion
Price Change (1yr): -0.317
More about Whirlpool Corporation
Whirlpool Corporation Technical Analysis Summary
Whirlpool Corporation (WHR) is currently trading at $350.68.
The stock has a market capitalization of $12.44 billion with a P/E ratio of 13.2.
Whirlpool Corporation has a 50-day moving average of $344.46 and a 200-day moving average of $320.44.
The Relative Strength Index (RSI) for WHR is at 52.44, indicating a neutral market sentiment.
Based on Bollinger Bands, the stock is trading within the normal range with neither overbought nor oversold conditions.
Considering the recent price movement and technical indicators, the stock shows a neutral outlook in the short term.
Disclaimer: Technical analysis is based on historical price trends and indicators, and does not guarantee future performance.
More about Mohawk Industries Inc
Mohawk Industries Inc Summary
Mohawk Industries is an American flooring manufacturer based in Calhoun, Georgia, United States. Mohawk produces floor covering products for residential and commercial applications in North America and residential applications in Europe.
Industry: Manufacturing
Sub-industry: Carpets & Rugs
Revenue: $7,856,438,000
Net Income: Not available
Operating Margin: -6.52%
Market Cap: $172.86
EPS: -0.0377
Shares Outstanding: 11,008,315,000
Stock Price: $124.67
PE Ratio: 0.302
Dividend Yield: -0.045
More about General Motors Company
General Motors Company (GM) Stock Analysis
General Motors Company (GM) is an American multinational corporation headquartered in Detroit, Michigan. The company is involved in the design, manufacturing, marketing, and distribution of vehicles and vehicle parts, as well as the sale of financial services. GM has global headquarters in Detroit's Renaissance Center.
Sector: Manufacturing
Industry: Motor Vehicles & Passenger Car Bodies
Market Cap: $51.54 billion
Dividend Yield: 5.5%
Price/Earnings Ratio: 8.19
EPS: $134.13
Beta: 0.0613
Revenue: $174.87 billion
Operating Margin: 53.44%
Return on Equity: 51.5%
Debt/Equity: 0.076
More about Alibaba Group Holding Ltd
Alibaba Group Holding Ltd Summary Alibaba Group Holding Ltd Summary
Alibaba Group Holding Limited, also known as Alibaba Group and Alibaba.com, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. Founded on 28 June 1999 in Hangzhou, Zhejiang, the company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via web portals, as well as electronic payment services, shopping search engines and cloud computing services. It owns and operates a diverse portfolio of companies around the world in numerous business sectors.
TRADE & SERVICES
SERVICES-BUSINESS SERVICES, NEC
Market Cap: 194.79 billion
PE Ratio: 14.96
EPS: 6.87
Dividend Yield: 5.35%
Price/Earnings to Growth Ratio: 0.108
Revenue: 927.49 billion
Operating Margin: 106.49
Return on Assets: -0.684
Return on Equity: 0.051
More about Oracle Corporation
Company: Oracle Corporation
Industry: Technology, Services-Prepackaged Software
Market Cap: 332.21B
Current Price: $31.81
Change: 1.6
Change (%): 3.8%
52-Week Range: $19.21 - $140.07
PE Ratio (TTM): 0.203
Volume: 52,509,990
Beta: 0.25
Dividend Yield: 0.071%
More about Uber Technologies Inc
Uber Technologies Inc Summary Uber Technologies Inc
Uber Technologies, Inc., commonly known as Uber, is an American technology company. Its services include ride-hailing, food delivery (Uber Eats), package delivery, couriers, freight transportation, and, through a partnership with Lime, electric bicycle and motorized scooter rental. The company is based in San Francisco, California.
Trade & Services
Sector: Services-Business Services, NEC
Market Cap: 137.95 billion
Current Price: $103.68
Dividend Yield: None
P/E Ratio: 18.8
EPS: $0.036
Revenue: $38.59 billion
Operating Margin: 86.18%
Return on Equity: 1.269
Volatility: 0.148
More about Meta Platforms Inc.
Meta Platforms Inc. Stock Analysis Meta Platforms Inc. Stock Analysis Summary
Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, PCs, virtual reality headsets, wearables and home devices around the world. The company is headquartered in Menlo Park, California.
Sector: TECHNOLOGY
Industry: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
Market Cap: 118.71B
Current Price: $27.18
Change: 0.5 ( 1.87%)
52-Week Range: $17.36 - $55.67
Relative Strength Index (RSI): 55.67
Volume: 142.71M
Revenue: $512.99B
Earnings per Share (EPS): $1.141
Dividend Yield: 0.273
More about Microsoft Corporation
Company: Microsoft Corporation
Industry: Technology, Services-Prepackaged Software
Revenue: $309.6 billion
Operating Margin: 36.1%
Net Profit Margin: 2.93%
Return on Assets: 11.54%
Return on Equity: 31.83%
Debt to Equity: 0.364
Market Cap: $236.58 billion
Stock Price: $472.39
Dividend Yield: 0.2%
P/E Ratio: 0.17
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