After initially withdrawing shares from the FAANG components - Facebook Inc (FB), Apple Inc (AAPL), Amazon.com Inc (AMZN), Netflix Inc (NFLX) and Alphabet Inc (GOOG, GOOGL) - it seems that some of the highest-profile U.S. hedge fund investors and money managers fell back in love with FAANGs again during the first quarter.
According to regulatory filings released on Wednesday, prominent hedge fund managers including names like Tiger Global Management LLC have changed their minds on the FAANG stocks and are reinvesting.
Tiger increased its Facebook stake by 64.5% to 8.8 million class A shares during the first quarter. It also boosted its stake in streaming company Netflix by 42.8% to 2.1 million shares. Soros Fund Management LLC opened a new stake in Netflix, holding 50,000 shares, at the end of March 2019. T. Rowe Price also added Facebook shares during the first quarter, increasing its stake by 19% to 107.9 million shares, as of the end of first quarter.
With these additions, Netflix shares gained 2.7% to close at $354.99 and Facebook gained 3.1% to close at $186.27.
Netflix has surged 33% year to date, despite threats from the upcoming Disney+ (DIS). On the other hand, Facebook surged more than 40% in 2019 owing to growth in ad sales.
Warren Buffett’s Berkshire Hathaway Inc said it owned $860.6 million of Amazon shares at the end of March revealing that Berkshire took a stake in the first quarter totaling 483,300 shares.
Quarterly disclosures of hedge fund managers’ stock holdings are revealed by the 13F filings of the fund houses with the SEC. It is one of the few publicly available documents that helps in tracking what the managers are buying and selling, but with the disclosures coming 45 days after the end of each quarter it’s likely not to reflect the current positions.
META's Aroon Indicator triggered a bullish signal on July 15, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 346 similar instances where the Aroon Indicator showed a similar pattern. In of the 346 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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