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Tiziano Frateschi
Tiziano Frateschi
Articles (2159)  | Author's Website |

Chase Coleman Trims Spotify, Exits Booking Holdings

Tech guru's largest sales of the 2nd quarter

August 28, 2019 | About:

Chase Coleman (Trades, Portfolio), founder of Tiger Global Management, manages a $19 billion equity portfolio that is mostly concentrated on the technology and consumer cyclical sectors.

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During the second quarter, he sold shares of the following stocks.

The guru trimmed his Spotify Technology SA (NYSE:SPOT) stake by 49.27%. The portfolio was impacted by -3.10%.

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The company, which provides music streaming services, has a market cap of $23.80 billion and an enterprise value of $22.69 billion.

GuruFocus gives the company a profitability and growth rating of 1 out of 10. While the return on equity of 14.76% is outperforming the sector, the return on assets of 5.95% is underperforming 58% of companies in the Online Media industry. Its financial strength is rated 4.4 out of 10. The cash-debt ratio of 2.89 is below the industry median of 4.1.

The largest guru shareholder of the company is Coleman with 2.30% of outstanding shares, followed by Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 0.30% and Ron Baron (Trades, Portfolio) with 0.27%.

The investor exited his Booking Holdings Inc. (NASDAQ:BKNG) position. The portfolio was impacted by -2.73%.

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The online travel agency has a market cap of $82 billion and an enterprise value of $83.97 billion.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 50.17% and return on assets of 17.89% are outperforming 94% of companies in the Travel and Leisure industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.74 is above the industry median of 0.46.

The largest guru shareholder of the company is Dodge & Cox with 3.39% of outstanding shares, followed by Steve Mandel (Trades, Portfolio) with 0.76% and Pioneer Investments (Trades, Portfolio) with 0.65%.

The StoneCo Ltd. (NASDAQ:STNE) stake was reduced by 81.55%, impacting the portfolio by -1.97%.

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The software company has a market cap of $8.41 billion and enterprise value of $7.99 billion

GuruFocus gives the company a profitability and growth rating of 1 out of 10. While the return on equity of 16.31% is outperforming the sector, the return on assets of 4.77% is underperforming 68% of companies in the Application Software industry. Its financial strength is rated 4.6 out of 10. The cash-debt ratio of 2.29 is below the industry median of 2.82.

The largest guru shareholder of the company is Warren Buffett (Trades, Portfolio) with 5.11% of outstanding shares, followed by Lee Ainslie (Trades, Portfolio) with 0.94% and Mandel with 0.91%.

Read more here:

Coleman exited his Domino's Pizza Inc. (NYSE:DPZ) holding. The trade had an impact of -1.75% on the portfolio.

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The pizza chain has a market cap of $9.17 billion and an enterprise value of $12.73 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on assets of 37.33% is outperforming 98% of companies in the Restaurants industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.03 is below the industry median of 0.47.

Simons’ firm is the company’s largest guru shareholder with 5.43% of outstanding shares, followed by Mandel with 2.91% and Ken Fisher (Trades, Portfolio) with 1.89%.

The guru reduced his JD.com Inc. (NASDAQ:JD) stake by 8.64%. The portfolio was impacted by -0.83%.

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The e-commerce company has a market cap of $44.14 billion and an enterprise value of $38.59 billion.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 9.77% and return on assets of 2.83% are underperforming 69% of companies in the Retail - Apparel and Specialty industry. Its financial strength is rated 5.7 out of 10. The cash-debt ratio of 3.41 is above the industry median of 0.54.

The largest guru shareholder of the company is Coleman with 3.64% of outstanding shares, followed by Andreas Halvorsen (Trades, Portfolio) with 2.19% and Dodge & Cox with 1.74%.

The firm curbed its Eventbrite Inc. (NYSE:EB) holding by 40.65%. The portfolio was impacted by -0.61%.

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The company, which operates an event management and ticketing website, has a market cap of $1.51 billion and an enterprise value of $1.10 billion.

GuruFocus gives the company a profitability and growth rating of 1 out of 10. The return on equity of -19.46% and return on assets of -8.72% are underperforming 100% of companies in the Application Software industry. Its financial strength is rated 5.1 out of 10. The cash-debt ratio of 5.60 is above the industry median of 2.82.

Another notable guru shareholder of the company is Jeremy Grantham (Trades, Portfolio) with 1.23% of outstanding shares, followed by Chuck Royce (Trades, Portfolio) with 0.37% and Frank Sands (Trades, Portfolio) with 0.29%.

Disclosure: I do not own any stocks mentioned.

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About the author:

Tiziano Frateschi
You can read about me on www.theextraincome.info, which gives suggestions on position trading.

Visit Tiziano Frateschi's Website


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