Billionaire Louis Bacon’s Moore Capital Bets on Technology and Finance Stocks This Quarter

Page 2 of 2

Moore Capital Management added online restaurant delivery company GrubHub Inc. (NYSE:GRUB) to its equity portfolio during the fourth quarter and disclosed ownership of 875,000 shares worth $$32.9 million in its latest 13F. During the same period, D.E. Shaw & Co. also bought 58,516 shares in GrubHub Inc. (NYSE:GRUB) increasing its total holding to more than 1.0 million shares. The company provides deliveries from more than 45,000 restaurants in its network to consumers in more than 1,100 cities across the U.S. The stock price has vaulted up by 80% over the last year and its market value currently stands at $3.2 billion. In the fourth quarter, revenue grew by 38% to $137.5 million, while the number of active diners increased by 21% to 8.17 million, against analysts’ expectations of 7.99 million. However, sales and marketing expenses also rose by 19% to $29.6 million. At the end of 2016, GrubHub Inc. (NYSE:GRUB) had a delivery network expanding to 70 markets across the country. The company expects full 2017 revenue to range between $620 million and $660 million. A total of 20 funds from our database held around 38.3% of the company’s stock at the end of December, down from 29 funds a quarter earlier.

Follow Grubhub Inc. (NYSE:GRUB)

Moore Capital Management initiated a position in eBay Inc. (NASDAQ:EBAY) during the fourth quarter, as it purchased 700,000 shares valued at $20.8 million at the end of 2016. eBay Inc.’s (NASDAQ:EBAY) stock has climbed up by 50% over the last year, recently gaining ground on the back of better-than-expected earnings $0.54 per share for the fourth quarter, versus analyst estimates of $0.53. The company expects full-year earnings of up to $2.03 per share. The company recently expanded its home decor items inventory to provide shoppers with a variety of affordable, stylish and unique items across every retail category. According to our data, the number of hedge funds bullish on eBay Inc. (NASDAQ:EBAY) increased by 11 to 64, but the total value of their holdings declined by almost 33% to $2.49 billion during the fourth quarter.

Follow Ebay Inc (NASDAQ:EBAY)

Moore Capital Management exited its position in Amazon.com, Inc. (NASDAQ:AMZN) as it sold 97,955 shares during the fourth quarter. Besides being one of the world’s leading retailers, Amazon.com, Inc. (NASDAQ:AMZN) also has a strong presence in the cloud computing segment. The company’s Amazon Web Services (AWS) segment focuses on the sales of computer, storage, database and other service offerings for start-ups, enterprises, government agencies and academic institutions. At the end of the fourth quarter, 123 funds from our database held shares of Amazon.com, Inc. (NASDAQ:AMZN) worth $14.44 billion, versus 150 funds with stakes valued at $20.79 billion at the end of September.

Follow Amazon Com Inc (NASDAQ:AMZN)

Dislosure: None

Page 2 of 2