Steve Mandel (Trades, Portfolio), founder of Lone Pine Capital, sold out two health care stakes in the fourth quarter.
Mandel’s most significant transaction in the fourth quarter was the sale of his 2,607,655-share stake in Allergan PLC (AGN, Financial), a pharmaceutical company with offices in Dublin and New Jersey, for an average price of $298.52 per share. The divestiture had a -2.99% impact on Mandel’s portfolio.
Allergan’s leading shareholder among the gurus is Vanguard Health Care Fund (Trades, Portfolio) with a stake of 10,962,347 shares. The stake is 2.78% of Allergan’s outstanding shares and 6.81% of Vanguard’s total assets.
Allergan has a P/E of 33.7, a forward P/E of 15.3, a P/B of 1.6 and a P/S of 7.1. GuruFocus gives Allergan a Financial Strength rating of 5/10 and a Profitability and Growth rating of 6/10.
Allergan sold for $298.98 per share Friday.
Mandel sold his 7,918,998-share stake in DaVita HealthCare Partners Inc. (DVA, Financial), a Denver-based health care company specializing in kidney treatment, for an average price of $73.23 per share. The divestiture had a -2.41% impact on Mandel’s portfolio.
Warren Buffett (Trades, Portfolio) is DaVita HealthCare Partners’ leading shareholder among the gurus with a stake of 38,565,570 shares. The stake is 18.71% of DaVita HealthCare Partners’ outstanding shares and 2.04% of Buffett’s total assets.
DaVita HealthCare Partners has a P/E of 57.6, a forward P/E of 15.7, a P/B of 3.1 and a P/S of 1.1. GuruFocus gives DaVita HealthCare Partners a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
DaVita HealthCare Partners sold for $71.05 per share Friday.
Mandel sold his 13,396,145-share stake in Charles Schwab Corp. (SCHW, Financial), a San Francisco-based brokerage and banking company, for an average price of $31.74 per share. The divestiture had a -1.61% impact on Mandel’s portfolio.
Charles Schwab’s leading shareholder among the gurus is Dodge & Cox with a stake of 102,622,637 shares. The stake is 7.77% of Charles Schwab’s outstanding shares and 3.32% of Dodge & Cox’s total assets.
Charles Schwab has a P/E of 27.4, a forward P/E of 17.6, a P/B of 3 and a P/S of 5.7. GuruFocus gives Charles Schwab a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
Charles Schwab sold for $28.20 per share Friday.
Mandel boosted his stake in Dollar Tree Stores Inc. (DLTR, Financial), a Chesapeake, Virginia-based chain of discount variety stores, by nearly 157%. Mandel purchased 8,054,727 shares for an average price of $70.15 per share. The transaction had a 2.66% impact on Mandel’s portfolio.
The stake of 13,194,122 shares is 5.62% of Dollar Tree’s outstanding shares and 4.35% of Mandel’s total assets. Mandel is Dollar Tree’s leading shareholder among the gurus.
Dollar Tree has a P/E of 66.7, a forward P/E of 21.3, a P/B of 4.1 and a P/S of 1.4. GuruFocus gives Dollar Tree a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
Dollar Tree sold for $80.02 per share Friday.
Mandel increased his stake in Nike Inc. (NKE, Financial), a Washington County, Oregon-based apparel and accessories company, by nearly 102%. Mandel acquired 5,795,333 shares for an average price of $64.56 per share. The deal had a 1.55% impact on Mandel’s portfolio.
Mandel’s stake of 11,496,188 shares is 0.67% of Nike’s outstanding shares and 3.07% of the guru’s total assets. Mandel is Nike’s leading shareholder among the gurus.
Nike has a P/E of 29.2, a forward P/E of 23.8, a P/B of 7.5 and a P/S of 3.3. GuruFocus gives Nike a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
Nike sold for $60.08 per share Friday.
Mandel trimmed his stake in JD.com Inc. (JD, Financial), an ecommerce company based in Beijing, by almost 38% with the sale of 16,500,488 shares for an average price of $29.59 per share. The transaction had a -1.81% impact on Mandel’s portfolio.
The stake, now 29,995,511 shares, is 1.97% of JD.com’s outstanding shares and 3.72% of Mandel’s total assets. JD.com’s leading shareholder among the gurus is Chase Coleman (Trades, Portfolio) with a stake of 59,615,495 shares. The stake is 4.36% of JD.com’s outstanding shares and 15.46% of Chase Coleman (Trades, Portfolio)’s total assets.
JD.com has a forward P/E of 52.4, a P/B of 8.1 and a P/S of 1.4. GuruFocus gives JD.com a Financial Strength rating of 6/10 and a Profitability and Growth rating of 3/10.
JD.com sold for $27.83 per share Friday.
Mandel sold almost 28% of his stake in Charter Communications Inc. (CHTR, Financial), a Stamford, Connecticut-based telecommunications company. Mandel sold 1,822,652 shares for an average price of $185.14 per share. The transaction had a -1.35% impact on Mandel’s portfolio.
Mandel’s remaining stake of 4,727,605 shares is 4.2% of Charter’s outstanding shares and 3.7% of Mandel’s total assets. Buffett is Charter’s leading shareholder among the gurus with a stake of 10,281,603 shares. The stake is 9.14% of Charter’s outstanding shares and 1.43% of Buffett’s total assets.
Charter has a forward P/E of 50.8 and a P/S of 2.1. GuruFocus gives Charter a Financial Strength rating of 5/10 and a Profitability and Growth rating of 5/10.
Charter sold for $187.61 per share Friday.
Mandel invested in a 2,132,094-share stake in Northrop Grumman Corp. (NOC, Financial), a West Falls Church, Virginia-based aerospace and defense technology company, for an average price of $183.75 per share. The acquisition had a 1.72% impact on Mandel’s portfolio.
The stake is 1.18% of Northrop Grumman’s outstanding shares and 1.72% of Mandel’s total assets. First Eagle Investment (Trades, Portfolio) is Northrup Grumman’s leading shareholder among the gurus with a stake of 3,950,842 shares. The stake is 2.18% of the company’s outstanding shares and 1.86% of First Eagle’s totl assets.
Northrup Grumman has a P/E of 18.3, a forward P/E of 15.3, a P/B of 6.3 and a P/S of 1.6. GuruFocus gives Northrup Grumman a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10.
Northrup Grumman sold for $189.89 per share Friday.
Mandel acquired a 5,732,050-share stake in Autodesk Inc. (ADSK, Financial), a San Rafael, California-based producer of computer software for the architecture, engineering, construction, manufacturing, media and entertainment industries, for an average price of $58.45 per share. The transaction had a 1.49% impact on Mandel’s portfolio.
The stake is 2.54% of Autodesk’s outstanding shares and 1.49% of Mandel’s total assets. John Griffin (Trades, Portfolio) is Autodesk’s leading shareholder among the gurus with a stake of 10 million shares. The stake is 4.44% of Autodesk’s outstanding shares and 6.78% of Griffin’s total assets.
Autodesk has a forward P/E of 102, a P/B of 7.9 and a P/S of 5.1. GuruFocus gives Autodesk a Financial Strength rating of 4/10 and a Profitability and Growth rating of 7/10.
Autodesk sold for $56.61 per share Friday.
Mandel invested in a 6,348,148-share stake in Lululemon Athletica Inc. (LULU, Financial), a Canadian athletic apparel retailer, for an average price of $50.47 per share. The deal had a 1.42% impact on Mandel’s portfolio.
The stake is 4.93% of Lululemon’s outstanding shares and 1.42% of Mandel’s total assets. Manning & Napier Advisors Inc. is Lululemon’s leading shareholder among the gurus with a stake of 9,212,577 shares. The stake is 7.15% of Lululemon’s outstanding shares and 2.82% of the guru’s total assets.
Lululemon has a P/E of 35, a forward P/E of 28.8, a P/B of 7.9 and a P/S of 4.6. GuruFocus gives Lululemon a Financial Strength rating of 9/10 and a Profitability and Growth rating of 8/10.
Lululemon sold for $64.42 per share Friday.
Mandel purchased a 412,616-share stake in Alphabet Inc. (GOOG, Financial), the Mountain View, California-based parent company of Google, for an average price of $720.15 per share. The acquisition had a 1.34% impact on Mandel’s portfolio.
The stake is 0.06% of Alphabet’s outstanding shares and 1.34% of Mandel’s total assets. Dodge & Cox is Alphabet’s leading shareholder among the gurus with a stake of 3,278,856 shares. The stake is 0.48% of Alphabet’s outstanding shares and 2.44% of Dodge & Cox’s total assets.
GOOG has a P/E of 31.7, a forward P/E of 18.2, a P/B of 4.3 and a P/S of 6.7.
GOOG sold for $726.82 per share Friday.
Mandel also purchased a 404,297-share stake in Alphabet’s GOOGL component for an average price of $742.51 per share. The deal had a 1.34% impact on Mandel’s portfolio.
The stake is 0.06% of GOOGL’s outstanding shares and 1.34% of Mandel’s total assets. PRIMECAP Management (Trades, Portfolio) is GOOGL’s leading shareholder among the gurus with a stake of 2,577,639 shares. The stake is 0.37% of GOOGL’s outstanding shares and 2.05% of PRIMECAP’s total assets.
GOOGL has a P/E of 32.5, a forward P/E of 18.7, a P/B of 4.2 and a P/S of 6.8.
GuruFocus gives Alphabet a Financial Strength rating of 9/10 and a Profitability and Growth rating of 8/10.
GOOGL sold for $744.87 per share Friday.
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