Steven Cohen (Trades, Portfolio), the founder of Point72 Asset Management, sold shares of the following stocks during the third quarter.
The guru trimmed his Alphabet Inc. (GOOGL, Financial) holding by 81.11%. The trade had an impact of -1.03% on the portfolio.
The internet company has a market cap of $715.58 billion and an enterprise value of $638.15 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 11.70% and return on assets of 9.14% are outperforming 56% of companies in the Global Internet Content and Information industry. Its financial strength is rated 9 out of 10. The cash-debt ratio of 26.70 is above the industry median of 7.46.
The company's largest shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with 0.33% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 0.18%, Frank Sands (Trades, Portfolio) with 0.18% and Ruane Cunniff (Trades, Portfolio) with 0.12%.
The investor exited his position in Twenty-First Century Fox Inc. (FOXA, Financial). The trade had an impact of -0.93% on the portfolio.
The diversified media and entertainment company has a market cap of $91.36 billion and an enterprise value of $104.41 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 26.05% and return on assets of 9.16% are outperforming 79% of companies in the Global Media - Diversified industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.37 is below the industry median of 0.82.
The largest shareholder of the company is Seth Klarman (Trades, Portfolio) with 2.8% of outstanding shares, followed by Dodge & Cox with 2.61%, Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 0.39% and Yacktman Asset Management (Trades, Portfolio) with 0.38%.
Cohen reduced his Caesars Entertainment Corp. (CZR, Financial) stake by 83.41%. The trade had an impact of -0.89% on the portfolio.
The company, which provides casino entertainment and hospitality services, has a market cap of $5.57 billion and an enterprise value of $23.17 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. While the return on equity of 147.70% is underperforming the sector, the return on assets of 9.05% is outperforming 78% of companies in the Global Resorts and Casinos industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.08 is below the industry median of 0.71.
George Soros (Trades, Portfolio) is the largest guru shareholder of the company with 5.15% of outstanding shares, followed by David Tepper (Trades, Portfolio) with 2.17% and Cohen with 0.62%.
The guru trimmed 86.16% off his Hilton Worldwide Holdings Inc. (HLT, Financial) position. The trade impacted the portfolio by -0.85%.
The company, which operates hotels and resorts, has a market cap of $21.66 billion and an enterprise value of $28.62 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 112.99% and return on assets of 10.18% are outperforming 85% of companies in the Global Lodging industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.08 is below the industry median of 0.71.
The largest guru shareholder of the company is Bill Nygren (Trades, Portfolio) with 0.43% of outstanding shares, followed by PRIMECAP Management with 0.29% and Pioneer Investments (Trades, Portfolio) with 0.16%.
The Amazon.com Inc. (AMZN, Financial) holding was reduced by 52.11%, impacting the portfolio by -0.71%.
The e-commerce company has a market cap of $757.86 billion and an enterprise value of $752.77 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 28.18% and return on assets of 6.84% are outperforming 65% of companies in the Global Specialty Retail industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 1.21 is above the industry median of 0.99.
Fisher is the company's largest guru shareholder with 0.32% of outstanding shares, followed by Sands with 0.3% and Chase Coleman (Trades, Portfolio) with 0.24%.
Cohen's Take-Two Interactive Software Inc. (TTWO, Financial) position was curbed 75.52%. The trade impacted the portfolio by -0.66%.
The company, which develops interactive entertainment for consumers, has a market cap of $12.87 billion and an enterprise value of $11.85 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 13.06% and return on assets of 5.84% are outperforming 60% of companies in the Global Electronic Gaming & Multimedia industry. Its financial strength is rated 9 out of 10 with no debt.
Another notable guru shareholder is Pioneer Investments with 0.22% of outstanding shares, followed by Mario Gabelli (Trades, Portfolio) with 0.07% and Caxton Associates (Trades, Portfolio) with 0.05%.
The guru’s Concho Resources Inc. (CXO, Financial) position was reduced by 86.95%, impacting the portfolio by -0.61%.
The oil and natural gas company has a market cap of $27.71 billion and an enterprise value of $31.92 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 9.47% and return on assets of 6.37% are outperforming 79% of companies in the Global Oil and Gas E&P industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.01 is below the industry median of 0.51.
Dodge & Cox is the company's largest guru shareholder with 2.02% of outstanding shares, followed by Spiros Segalas (Trades, Portfolio) with 1.28% and Ron Baron (Trades, Portfolio) with 0.08%.
Disclosure: I do not own any stocks mentioned in this article.
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