The investment portfolio of Soros Fund Management, led by George Soros (pictured), an American investment master who is considered the best fund manager of the 20th century, has been unveiled. The US financial information site TipRank introduced three stocks that Soros Fund recently bought. All of these stocks have received ‘strong buy’ ratings from multiple analysts.
○ ‘EQT’ reflected profit from the surge in natural gas prices
EQT Corporation is the largest natural gas producer in the United States. As natural gas prices in the US surged by about 132% this year, earnings are also improving rapidly. As the supply of natural gas is expected to continue for the time being ahead of the winter when demand for heating is high, sales are expected to continue to increase.
EQT’s sales in the third quarter of this year were $1.767 billion, a 200% increase from the same period last year. Shares have risen about 55% this year. Vincent Robagrio, an analyst at Mizuho Securities, said, “EQT has raised its free cash flow guidance this year to $200 million due to earnings improvement.
Recently, Soros Fund purchased 534,475 shares of EQT (worth $11.4 million). According to TipRank, Wall Street analysts’ buy recommendation for EQT is a ‘strong buy’ with a target price of $29.64. From the current level of $20.7, there is room for a rise of about 42% within a year.
○ Fisker, a mid- to low-cost electric vehicle company
Fisker, an American electric car company founded in 2016, is also on Soros’ investment list. Fisker is a company that focuses on the mid-to-low-end electric vehicle market. In cooperation with Taiwanese Foxconn, it has decided to produce a small electric car FEAR of less than $30,000 from the first quarter of 2024. At the beginning of this month, ‘Ocean’, an electric sports utility vehicle (SUV) equipped with a solar power plant, was unveiled, and mass production is scheduled to begin in November next year. The price is expected to be less than $40,000. About 62,000 units were pre-ordered.
However, there is no profit as the delivery of the vehicle has not yet started. Motliful, an investment media outlet, said, “Rather than increasing its own manufacturing plants, Fisker has reduced costs by signing manufacturing contracts with the world’s third-largest auto parts makers Magna International and Foxconn. There is,” he predicted.
Recently, Soros Fund purchased 307,300 shares of Fisker (worth about $6.26 million). According to TipRank, 6 out of 8 analysts who evaluated Fisker gave a ‘strong buy’ rating. The target price is set at $26. It is estimated that there is room for an increase of about 27% within one year from the current level of $22.
○Good student loan service ‘Sophie’
SoPay is an American peer-to-peer (P2P) financial lending company. In 2011, four alumni of Stanford University’s Graduate School of Business set up the motto of ‘good student loan service’. It mainly collects funds from alumni in the form of crowdfunding and provides student loans at low interest rates. The risk of default was also reduced by comprehensively analyzing educational background and work experience. After these efforts, it was the first P2P company to receive an AAA rating from Moody’s, an international credit rating agency.
Recently, it has expanded its services to include investment advice, mortgage loans, personal credit loans, exchange-traded funds (ETFs), cryptocurrency investments, and debit cards. In March, it announced that it would acquire California regional bank Golden Pacific Bank, and plans to enter the banking business. The acquisition is awaiting approval from the government. Once approved, the business is expected to grow faster.
Sales in the third quarter of this year were $270 million, up about 34% compared to the same period last year. During the same period, the number of users increased 96% to 2.9 million. Soros Fund bought 177,500 shares of Sophie (worth about $3.22 million). Five out of six analysts gave it a ‘strong buy’ rating, with a target price of $26.33.
From the current level of $18, there is room for a 46% increase in one year. By Maeng Jin-gyu, staff reporter [email protected]