58.com Inc News and Headlines -
The guru’s Oregon-based firm seeks to invest in “compelling, undervalued” companies that have, among other attributes, strong or improving fundamentals, consistent operating results, a significant competitive advantage, understandable products and a demonstrated ability to earn a high return on capital.
With these criteria in mind, Auxier established positions in 58.com Inc. (WUBA), Fox Corp. (FOXA), Illinois Tool Works Inc. (ITW), Value Line Inc. (VALU) and Aon PLC (AON) during the quarter.
He also gained a 12,545-share holding in
Davis Selected Advisors recently disclosed its portfolio updates for the fourth quarter of 2019.
Founded in 1969, Davis Selected Advisors is an employee-owned investment management firm based in Tuscon, Arizona. The current chairman, Chris Davis (Trades, Portfolio), joined the firm in 1989 and serves as the portfolio manager for the Large Cap Value Portfolios and as a research team member for other portfolios. The firm’s investment strategy aims to purchase durable, well-managed businesses at value prices.
As of the quarter’s end, the equity portfolio consisted of holdings in 134 stocks valued at $20.91 billion. The top holdings
According to its fact sheet, the fund seeks long-term capital appreciation through investments in companies capable of sustainable growth based on fundamental characteristics like balance sheet information and cash flow stability. The fund’s new buys were China International Travel Service Corp. Ltd. (SHSE:601888), 58.com Inc. (WUBA), Wanhua Chemical Group Co. Ltd. (SHSE:600309) and iQiyi Inc. (IQ).
Fund updates performance in a challenging global market
The fund said in its letter several headwinds, including
The U.S. stock market opened mixed, with the two of the three main indexes slipping into negative territory.
Shares of 58.com Inc. (WUBA), however, were up about 10% in morning trading on the back of the company reporting better-than-expected earnings for its second quarter. EPS of 66 cents beat expectations by 46 cents and revenue of $382.81 million beat estimates by $45.61 million and grew 28.5% year over year.
The gross margin was 90.9%, down from 91.8% in the comparable quarter of 2016. Income from operations was $86 million and non-GAAP income from operations was $105.7 million, which were both
Chase Coleman (Trades, Portfolio) is the founder of Tiger Global Management which is a fundamentally oriented, global investment firm. The fund deploys capital in two businesses – private equity partnerships and public equity funds.
During the third quarter, he closed 10 stocks, and the maximum gain he got was from Visa (V) at 83% but lost 34% from Trinet Group (TNET). He also had good gains of 26% and 25% from 58.com (WUBA) and Masonite International (DOOR).
Coleman exited his position in Priceline Group Inc. (PCLN). The firm held 727,939 shares. It
During the fourth quarter of 2014, Chase Coleman (Trades, Portfolio) of Tiger Global Management LLC added 23 new positions to his portfolio, which brought his stock count to 61. His portfolio is currently valued at $8.473 billionn with a quarter over quarter turnover rate of 26%.
Last week, Coleman increased his stakes in three of his newest positions, one of which currently holds the most weight in his portfolio. Here's a look at his latest additions:
JD.com Inc (JD)
Coleman purchased 5,115,392 shares of JD at the end of the fourth quarter when he first added the
Guru Robert Karr (Trades, Portfolio), founder of Joho Capital, is known to prefer concentrated positions in new technologies. His transactions in the fourth quarter emphasized highly concentrated positions in internet-related stocks.
Sales of two of his holdings – Vipshop Holdings Ltd (VIPS) and Baidu Inc (BIDU) – had the greatest impact on Karr’s portfolio in the fourth quarter.
Karr sold his 2,117,000-share stake in Vipshop Holdings, China’s leading online discount retailer, for an average price of $21.1 per share. That sale had a -6.8% impact on Karr’s portfolio.
Chase Coleman (Trades, Portfolio) has reported owning a large stake in a new stock, On Deck Capital (ONDK), according to GuruFocus Real Time Picks. Coleman is a former protégée of Julian Robertson (Trades, Portfolio) whose hedge fund, Tiger Global, has topped the S&P 500 this year through October with returns of 16.2%.
Coleman reported owning 6,333,004 shares of On Deck Capital Inc., the equivalent of 9.2% of the company, on Dec. 17, the day of its initial public offering. On Deck in the IPO offered 11.5 million shares to raise $230 million, valuing the
Robert Karr (Trades, Portfolio), founder of Joho Capital, likes to hold very concentrated positions in the area of new technologies, and that tendency could be seen in his trading activity in the third quarter. He bought shares in only three companies and reduced his holdings in eight others, but more than one-third of those 11 companies are directly involved in online media, and two others are involved in the production and distribution of materials that are used in that sector.
In the last six months, the average gain for his stocks has been 7.5%.
According to data released today, [url=http://www.gurufocus.com/StockBuy.php?GuruName=John+Burbank]John Burbank[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=John+Burbank]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=John+Burbank]Portfolio[/url]), $3.4 billion global investment firm Passport Capital’s founder, introduced 58 new stocks into his portfolio in the fourth quarter, for a total of 141 positions. This portfolio is valued at $2.94 billion, having quarter-over-quarter turnover of 30%.
Passport’s investing strategy consists of a mix of macroeconomic analysis, fundamental research and quantitative tools.
The Largest New Buys
Gaming and Leisure Properties Inc. (GLPI)
Burbank purchased 2,213,948 shares of Gaming and Leisure Properties Inc. in a position absorbing 3.8% of the portfolio. The shares’ price averaged $47 in quarter four.
Robert Karr (Trades, Portfolio) is one of the managers known as “Tiger Cubs” because of their association with legendary HF manager Julian Robertson (Trades, Portfolio). Before starting his own hedge fund, Karr was a managing director at Tiger Management, and provided services for a large portfolio of Asian equities. Karr’s expertise in the Far East comes from the knowledge he gained while living in Tokyo, Japan during this time. Karr learned a lot about Asian equities living in Tokyo, and after four years with Tiger Management, Karr opened the New York-based Joho Capital in
The following information is a highlight of the real-time guru activity we saw this week. To view more information on these gurus, check out their guru portfolios. The “Real Time Picks” reports the stock purchases and sells that Gurus have made within the prior two weeks. If a Guru makes a purchase or sell of a company in which they own a greater-than 5% stake, SEC regulations require them to report their transaction within two days. This week we saw notable increases in Real Time activity from Larry Robbins, Steven Cohen and Robert Karr.
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