The third position is held by JD.Com Inc (ADR)(NASDAQ:JD), a newly revealed position of JAT Capital’s, which consists of 7.25 million shares, with the holding valued at $213.10 million. JD.Com Inc (ADR)(NASDAQ:JD) is an e-commerce company engaged in online direct sales. The company has a market cap of $46.95 billion, and is based in Beijing, China. JD.com’s stock has soared by 64% over the past calendar year, currently trading at $34.21. Recently, JD.Com Inc (ADR)(NASDAQ:JD) said that it plans to invest $350 million in online Chinese travel agency Tuniu Corp (NASDAQ:TOUR). As a result of this investment, JD.Com Inc (ADR)(NASDAQ:JD) would become the largest shareholder of Tuniu, holding a 27.50% stake in the company. Hillhouse Capital holds a huge position in JD.com of over 152 million shares.
JAT Capital upped its stake in Tesla Motors Inc (NASDAQ:TSLA) to 733,662 shares from 684,456 shares during the previous quarter. The stake is valued at $138.49 million. Tesla Motors Inc (NASDAQ:TSLA) has been performing well, as the stock has gained 31.42% over the past year. Currently, the stock is trading at $239.94. For the first quarter of fiscal 2015, Tesla Motors Inc (NASDAQ:TSLA) reported revenues of $1.1 billion, higher than what was predicted. The electric carmaker posted an adjusted loss of $45 million, or $0.36 per share in the first quarter, while Wall Street analysts were expecting a loss of $62 million, or $0.50 per share.
Last week, Phil LeBeau appeared on CNBC and talked about a bright forecast made by Jefferies analyst Dan Dolev for Tesla Motors Inc (NASDAQ:TSLA). Jefferies initiated coverage on the stock with an ‘Outperform’ rating and a $350 per share price target. However, LeBeau said that this is only part of the story because Dolev’s bull case for the stock is that it could go as high as $450 per share. Daniel Benton’s Andor Capital had exposure in his equity portfolio of nearly 18% to Tesla.
JAT Capital was also bullish on LinkedIn Corp (NYSE:LNKD), which holds the fifth spot in the list. The investor boosted its stake in the professional social networking company to 484,818 shares, worth $121.14 million, from 201,724 shares held previously. For the first quarter of 2015, LinkedIn Corp (NYSE:LNKD) posted a net loss of $43 million vs. a net loss of $13 million for the same quarter of 2014. The company saw a drop in its stock of nearly 20% after its most recent earnings report, which disappointed many investors with lower guidance for 2015. For full-year 2015, LinkedIn Corp (NYSE:LNKD) expects revenue to be about $2.90 billion, and EPS to be about $1.90.
Still, many investors and analysts on the street believe LinkedIn’s fundamental remain strong. They suggest that now could be a good time to buy this stock to take advantage of the 20% drop. Stifel Research Senior Analyst, Scott Devitt, on CNBC, said that LinkedIn is a very well respected franchise. Philippe Laffont’s Coatue Management held a 3.41 million share position in LinkedIn as of the end of 2014.
Disclosure: None
