In this article we take a look at the some of notable stocks that are trending today.
Some stocks trending in after hours on Thursday include First Solar, Inc. (NASDAQ:FSLR), Yelp Inc. (NYSE:YELP), Uber Technologies, Inc. (NYSE:UBER), Pinterest, Inc. (NYSE:PINS), Expedia Group, Inc. (NASDAQ:EXPE), Airbnb, Inc. (NASDAQ:ABNB), and Square, Inc. (NYSE:SQ). Let’s find out why each stock is in the spotlight and how elite funds were positioned among them.
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10. Uber Technologies, Inc. is trending after the company reported a loss of $1.28 per share for the third quarter, missing the consensus by $0.98 per share. Sales for the period rose 72.6% year over year to $4.85 billion, beating the estimate by $440 million. Despite the loss, Uber Technologies, Inc. reported its first adjusted EBITDA profit of $8 million. Broad Peak Investment Holdings was long 2,584,150 shares of Uber Technologies, Inc. at the end of Q3.
9. Pinterest, Inc. is up in after hours today after the company reported adjusted Q3 EPS of $0.28 on sales of $632.93 million, exceeding the average estimates by $0.05 and $1.83 million. Pinterest, Inc. said, “Our current expectation is that Q4 revenue will grow in the high teens percentage range year over year. We expect our non-GAAP operating expenses to grow in the low teens quarter over quarter as we continue to invest in our business, including our native content/Creator ecosystem, and our brand marketing campaign. As of November 2, 2021, U.S. MAUs were approximately 89 million and global MAUs were approximately 447 million”. At the end of the second quarter, a total of 63 of the elite funds tracked by Insider Monkey were long Pinterest, Inc..
8. Expedia Group, Inc. surged by 12% in after hours after reporting a strong third quarter. For the period, Expedia Group, Inc. earned adjusted EPS of $3.53, beating the consensus by $1.77. Sales rose 97.3% year over year to $2.96 billion, exceeding the average estimate by $240 million. Expedia Group, Inc. could potentially benefit from stronger demand once the pandemic ends. Melvin Capital Management was long 6,225,000 shares of Expedia Group, Inc. at the end of Q2.
7. Airbnb, Inc. is trending after the company reported EPS of $1.22 for Q3, beating average estimates by $0.52. Sales rose 67.2% year over year to $2.24 billion, exceeding the consensus by $180 million. For Q4, Airbnb, Inc. sees sales of $1.39 billion to $1.48 billion versus the average estimate of $1.44 billion. Hillhouse Capital Management was among the elite fund holders of Airbnb, Inc. at the end of Q2.
6. Square, Inc. is trending after the company reported in-line adjusted EPS of $0.37 for Q3. Sales rose 26.7% year over year to $3.84 billion but were $640 million under estimates. Square, Inc. had gross payment volume of $45.43 billion for the period. Ken Fisher‘s Fisher Asset Management owned more than 1.5 million shares of Square, Inc. at the end of September.
Like Uber Technologies, Inc., Pinterest, Inc., Expedia Group, Inc., Airbnb, Inc., and Square, Inc., First Solar, Inc. and Yelp Inc. are trending.
5. First Solar, Inc. has fallen around 4% in the after market after the company reported softer than expected results for Q3. For the period, First Solar, Inc. earned $0.42 per share on sales of $584 million, missing the consensus by $0.19 and $104.1 million. For FY21, First Solar, Inc. sees EPS of $4-$4.60 versus the consensus of $4.14. Of the around 873 elite funds in our database, 31 were long First Solar, Inc. at the end of June.
4. Yelp Inc. rose in after market trading on Thursday after reporting third quarter EPS of $0.23 on sales of $269.1 million, versus the consensus of $0 and $261.8 million. Yelp Inc. CEO Jeremy Stoppelman said, “Net revenue matched our best quarterly performance ever, and for the fourth consecutive quarter we drove record revenue in our Services categories and Self-serve channel.” 27 elite funds in our database were long Yelp Inc. at the end of Q2.
3. Consolidated Edison, Inc. (NYSE:ED) is trending after the company reported third quarter adjusted EPS of $1.41, missing the average estimate by $0.07 per share. Revenue for the period was $3.61 billion, exceeding the consensus by $150 million. For FY21, Consolidated Edison, Inc. sees adjusted EPS of $4.15 to $4.35 versus the average estimate of $4.25. AQR Capital Management was long 994,848 shares of Consolidated Edison, Inc. at the end of Q2.
2. Peloton Interactive, Inc. (NASDAQ:PTON) has fallen by around 30% in the after market after the company reported a wider than expected loss. For its fiscal first quarter, the company lost $1.25 per share versus the expected $1.07 per share. Revenue was $805.2 million versus the $810.7 million expected. For the fiscal second quarter, Peloton Interactive, Inc. has a sales forecast of between $1.1 billion to $1.2 billion. Analysts had expected $1.5 billion for the period. Tiger Global Management LLC owned 8,826,164 shares of Peloton Interactive, Inc. at the end of June.
1. Dropbox, Inc. (NASDAQ:DBX) is trending after the company reported third quarter adjusted EPS of $0.37 on sales of $550.2 million, exceeding the average estimate by $0.02 and $5.48 million. For Q4, Dropbox, Inc. sees revenue of $556 million to $559 million versus the consensus of $553.27 million. Renaissance Technologies was among the elite fund holders of Dropbox, Inc. at the end of Q2.
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This article is originally published at Insider Monkey.
