Alibaba Group Holding Ltd, Time Warner Inc: Billionaires Are Piling Into These 5 Consumer Services Stocks

Billionaires looking for a good investment opportunity in the consumer services industry were often drawn to Liberty Interactive Group (NYSE:QVCA) last quarter, 11 of them in total. Although share prices remained practically stagnant throughout 2014, the stock’s five-year growth trajectory is solid at 153%. Billionaire David E. Shaw increased his fund’s exposure to the stock by 437,500 shares last quarter and now owns a position amounting to 7.81 million shares. Since his fund owns 2.22 million shares, Ken Griffin can also be counted amongst Liberty Interactive’s bullish billionaire investors. The company was also backed by Mario Gabelli, who disclosed a position of just under 2.10 million shares last quarter.

Furthermore, seven different rating firms have issued a “buy” rating for Liberty Interactive Group (NYSE:QVCA), while the stock’s price target issued by brokerages is $35.30. The company, currently trading at $29.31, operates in the video and online commerce industries in North America, Europe, and Asia.

Finally, Time Warner Inc (NYSE:TWX) completes our list of the most popular consumer services stocks amongst billionaires. Among the funds we track, 90 funds held a position in the company last quarter, including 11 billionaires, among them Mario Gabelli. The billionaire’s fund held a stake of 2.68 million shares, after revealing a 3% increase to its position during the fourth quarter. Steve Cohen was also betting on this stock, disclosing ownership of 1.08 million shares, held by his family office Point72 Asset Management. Time Warner Inc (NYSE:TWX) was also popular with Ken Griffin’s Citadel Investment Group, which owned 1.43 million shares.

Disclosure: None