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Daniel Loeb's Second Quarter Increases

August 19, 2013 | About:
Monica Wolfe

Monica Wolfe

133 followers
Daniel Loeb is a renowned hedge fund manager and the founder and chief executive of Third Point. During the second quarter, Daniel Loeb bought six new stocks bringing his total number of stocks to 33 valued at $4.414 billion.



The following stocks represent the five companies that Loeb made the largest increase to during the second quarter.

Sothebys (BID)

During the second quarter, Loeb increased his position in Sothebys by 400%. The guru purchased 2 million shares of the company in the second quarter price range of $33.03 to $38.87, with an estimated average price of $36.43. The price has increased approximately 24% since then.

Loeb held 2.5 million shares of Sothebys as of the second quarter, representing 3.68% of the company’s shares outstanding and 2.1% of his total portfolio.

Loeb’s holding history as of the second quarter:

1376932908233.png

Sothebys is an auctioneer of authenticated fine art, antiques and decorative art, jewelry and collectibles. The company's operations are organized into three business segments: Auction, Finance and Dealer.

Sothebys’ historical revenue and earnings growth:

1376939473456.png

The company’s second quarter financial results reported:

· Net income of $91.7 million, or $1.33 per share.

· Third quarter dividend of $0.10 per share.

· Total revenues of $304.8 million.

The Peter Lynch Chart suggests that the company is currently overvalued:

1376939823438.png

Sothebys has a market cap of $3.02 billion. Its shares are currently trading at around $44.36 with a P/E ratio of 29.60, a P/S ratio of 4.00 and a P/B ratio of 2.90. The company had an annual average earnings growth of 15.8%.

TIBCO Software (TIBX)

During the second quarter Loeb upped his stake in TIBCO Software by 400%. The guru purchased a total of 4 million shares. Loeb purchased these shares in the second quarter price range of $18.41 to $22.20, with an estimated average price of $20.49. The price per share has increased approximately 10% since then.

As of the second quarter, Loeb held 5 million shares, representing 3.07% of the company’s shares outstanding and 2.4% of his total portfolio.

Loeb’s holding history as of the second quarter:

1376933388436.png

TIBCO Software is an independent provider of infrastructure software.

TIBCO’s historical revenue and net income:

1376940275757.png

The company’s second quarter results highlighted:

· Total revenue was $245.8 million, down from $274.4 million.

· Net income of $8.7 million, down from $26.5 million last year.

· Non-GAAP operating income of $45.3 million, down from $61.8 million.

· Cash flow of $24.9 million.

The Peter Lynch chart suggests that the company is currently overvalued:

1376940439649.png

TIBCO Software has a market cap of $3.66 billion. Its shares are currently trading at around $22.51 with a P/E ratio of 40.70, a P/S ratio of 3.70 and a P/B ratio of 4.20. The company had an annual average earnings growth of 23.5% over the past 10 years.

Liberty Global PLC (LBTYK)

During the second quarter Loeb increased his position in Liberty Global K by 344.44%. The guru purchased a total of 1,549,998 shares in the second quarter price range of $64.57 to $ 73.78, with an estimated average price of $69.23. The share price has increased approximately 4.1% since then.

As of the second quarter, Loeb held on to a total of 1,999,998 shares of Liberty Global, representing 0.78% of the company’s shares outstanding and 3.1% of his total portfolio.

Loeb’s holding history as of the second quarter:

1376934675535.png

The company is an international provider of video, broadband internet and telephone services, with continuing consolidated broadband communications and/or direct-to-home satellite operations.

Liberty Global’s revenue and net income:

1376941246020.png

Liberty Global has a market cap of $28.79 billion. Its shares are currently traded at around $72.01 with a P/E ratio of 923.50, a P/S ratio of 1.80 and a P/B ratio of 1.60. The company had an annual average earnings growth of 2.9% over the past five years.

Liberty Global PLC (LBTYA)

Daniel Loeb increased his position in Liberty Global A by 275% during the second quarter. The guru purchased 2.2 million shares in the second quarter price range of $69.03 to $79.05, with an estimated average price of $74.10. The share price is up approximately 2% since then.

As of the second quarter, Loeb held on to a total of 3 million shares, representing 1.17% of the company’s shares outstanding and 5% of his total portfolio.

Loeb’s holding history as of the second quarter:

1376934426721.png

The company is an international provider of video, broadband internet and telephony services, with continuing consolidated broadband communications and/or direct-to-home satellite operations.’

Liberty’s historical revenue and net income:

1376941887391.png

Liberty Global has a market cap of $30.22 billion. Its shares were traded at around $75.57with a P/E ratio of 968.10, a P/S ratio of 1.80 and a P/B ratio of 1.60. The company had an annual average earnings growth of 2.9% over the past five years.

Thermo Fisher Scientific (TMO)

Loeb’s fifth largest increase came in Thermo Fisher Scientific, where he increased his position by 92.31% The guru purchased a total of 1.2 million shares in the second quarter price range of $76.01 to $88.76, with an estimated average price of $83.24. The price per share has increased approximately 8.9% since then.

As of the second quarter Loeb held on to a total of 2.5 million shares, representing 0.70% of the company’s shares outstanding and 4.8% of his total portfolio.

Loeb’s holding history as of the second quarter:

1376934992851.png

The company enables customers to make the world healthier, cleaner and safer by providing analytical instruments, equipment, reagents and consumables, software and services for research, manufacturing, analysis, discovery and diagnostics.

Thermo Fisher’s historical revenue and earnings growth:

1376942361554.png

The Peter Lynch Chart shows that TMO currently appears to be overvalued:

1376942395886.png

Thermo Fisher Scientific has a market cap of $32.62 billion. Its shares are currently trading at around $90.47 with a P/E ratio of 25.20, a P/S ratio of 2.60 and a P/B ratio of 2.10. The company had an annual average earnings growth of $18.1% over the past 10 years.

GuruFocus rated Thermo Scientific the business predictability rank of 3.5-star.

You can check out Daniel Loeb’s second quarter portfolio here.

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Rating: 2.0/5 (3 votes)

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