In this article, we take a look at the 5 stocks Billionaire James Dinan is Selling. If you want to check out James Dinan’s history, investment philosophy, and hedge fund performance, go directly to Billionaire James Dinan is Selling These 10 Stocks.
5. Morgan Stanley (NYSE:MS)
Number of Hedge Fund Holders: 65
Morgan Stanley (NYSE:MA) is an American multinational finance company headquartered in New York. Morgan Stanley (NYSE:MS) provides various services like wealth management, stock brokerage, financial advice, asset management, corporate lending, and capital raising. York Capital Management held 44,348 shares in Morgan Stanley (NYSE:MS) in the second quarter of 2021 which were sold in the following quarter.
Morgan Stanley’s revenue in the third quarter stood at $14.75 billion beating analyst estimates by a huge margin of $799.47 million. The company’s growth until 2019 was somewhat unremarkable but it has seen a huge jump in growth since the year 2020. Its Growth Profit Margin stands at 89.21%. On December 3, Citi analyst Keith Horowitz upgraded Morgan Stanley (NYSE:MS) to Buy from ‘Neutral’ and set the price target at $115, up from $105. The analyst is “very constructive” on bank stocks.
4. The TJX Companies, Inc. (NYSE:TJX)
Number of Hedge Fund Holders: 63
The TJX Companies, Inc. (NYSE:TJX) is an American discount-retail departmental store corporation based in Massachusetts. York Capital Management held 60,803 shares in the company in the second quarter that were sold in the following quarter. The revenue of The TJX Companies, Inc. (NYSE:TJX) in Q3’21 was $12.53 billion, beating analyst estimates by $262 million.
On December 15, Truist analyst Beth Reed initiated coverage of The TJX Companies, Inc. (NYSE:TJX) with a ‘Buy’ rating and a price target of $92. The analyst sees The TJX Companies, Inc. (NYSE:TJX) as “the biggest player in one of the most attractive sectors in retail,” and opines that it is “well-positioned to benefit from secular tailwinds behind the off-price channel and a 30%+ store expansion opportunity.”
3. The Charles Schwab Corporation (NYSE:SCHW)
Number of Hedge Fund Holders: 59
The Charles Schwab Corporation (NYSE:SCHW) is a major US financial company headquartered in Texas. The company provides various services like banking, investment, asset management, wealth management, and financial advice. York Capital Management held 65,486 shares in the company in the second quarter that were sold in the third quarter of 2021.
On December 16, BofA analyst Craig Slegenthaler initiated coverage of The Charles Schwab Corporation (NYSE:SCHW) with a ‘Buy’ rating on the shares and a price target of $97. The company beat analyst estimates by $47.10 million after filing a Q3 revenue of $4.57 billion.
2. Intel Corporation (NASDAQ:INTC)
Number of Hedge Fund Holders: 66
Intel Corporation (NASDAQ:INTC) is a leading manufacturer and distributor of computer microprocessors, motherboards, and other computational semiconductor chipsets.
On December 6, Intel Corporation (NASDAQ:INTC) announced its intent to take Mobileye public in the US in the middle of next year. The company was quoted that the decision is expected to unlock the value of Mobileye for the stakeholders of Intel Corporation (NASDAQ:INTC) by creating a separate publicly-traded company with IPO and will build on Mobileye’s “successful” track record.
1. JD.com, Inc. (NASDAQ:JD)
Number of Hedge Fund Holders: 66
JD.com, Inc. (NASDAQ:JD) is a major e-commerce company headquartered in Beijing, China. It was formerly known as 360Buy. York Capital Management held over 6,80,000 shares in the company in the second quarter, but sold all these shares in the third quarter.
The company beat analyst estimates in Q3 by a huge margin of $709.6 million with a revenue of over $34 billion in the third quarter.
You can also take a peek at 10 Cheap Semiconductor Stocks to Invest in Today and Michael Burry is Selling These 15 Stocks.
