It’s another quiet day in the market as all three indexes look to open flat this morning. Among the noteworthy tickers commanding the spotlight are several tech companies, Tesla Inc (NASDAQ:TSLA) and Netflix, Inc. (NASDAQ:NFLX) along with three more, Golar LNG Limited (USA) (NASDAQ:GLNG), SeaWorld Entertainment Inc (NYSE:SEAS), and Dean Foods Co (NYSE:DF). Let’s find out why each ticker is trending and analyze smart money sentiment towards them.
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Tesla Inc (NASDAQ:TSLA) is in the spotlight after the company priced its public stock offering of 1.34 million shares at $262 a piece, a very respectable number for a company raising so much money. In addition, Tesla priced its convertible senior notes at an conversion price of $327.5 a piece. Although Tesla’s capital raise was well received by the market, David Tamberrino of Goldman Sachs isn’t impressed. The analyst inched up his price target to just $187 from $185 following the raise and kept his ‘Sell’ rating. Of the 742 elite funds we track, 38 funds owned $1.19 billion of Tesla Inc (NASDAQ:TSLA) and accounted for 3.50% of the float on December 31, up from 34 funds and $1.01 billion respectively on September 30.
Although the energy markets remain volatile, the sell-side’s opinion on Golar LNG Limited (USA) (NASDAQ:GLNG) remains pretty bullish. Gregory Lewis of Credit Suisse became the latest analyst to give the thumbs up to Golar LNG, raising his price target to $35 from the previous $30. Lewis thinks there is around a 40% chance that Golar LNG will win a third FLNG project before 2019. The analyst has an ‘Outperform’ rating. 27 top funds owned shares of Golar LNG Limited (USA) (NASDAQ:GLNG) at the end of December, up 2 funds from the previous quarter.
On the next page, we examine SeaWorld Entertainment Inc, Netflix Inc, and Dean Foods Co.