Billionaires George Soros and Louis Moore Bacon Love These Tech Stocks

From what we can see, George Soros has slightly more faith in Yahoo! Inc. (NASDAQ:YHOO) than Louis Bacon, though their sentiment was again similar during the quarter. Soros Fund Management held its stake in the tech company unchanged during the second quarter at 1.32 million shares, while Moore Capital Management added 27,287 shares to its holding in Yahoo! Inc. (NASDAQ:YHOO) which previously consisted of 275,732 shares. Yahoo!’s core business, which includes online search and ads, has been weakening lately, affecting both the company’s top and bottom lines. The tech giant is anticipated to disclose its earnings report on October 20 after the market close, but analysts are not too optimistic about what Yahoo! is set to disclose. Analysts polled by Thomson Reuters anticipate Yahoo!’s third quarter earnings per share to decline by 67% year-over-year to $0.17. Let’s not forget to mention that the stock has lost nearly 37% since the start of 2015, and it is not entirely clear how it will close the year considering its struggles. Daniel S. Och’s OZ Management is bullish on Yahoo! Inc. (NASDAQ:YHOO), owning 14.39 million shares.

Lastly, it seems that both billionaires move in perfect tandem with one another when it comes to Facebook Inc. (NASDAQ:FB). Soros Fund Management reported an ownership stake of 2.59 million shares in the tech giant as of June 30, compared to only 124,114 shares reported as of March 31. By the same token, Moore Capital Management boosted its stake in Facebook by nearly 80% during the April-to-June period, to 862,000 shares. The shares of Facebook Inc. (NASDAQ:FB) are 20% in the green year-to-date despite experiencing several significant pullbacks. The company’s business model relies on its ability to monetize the continuously-increasing traffic on its platform and apps. Not so long ago, Facebook announced that ads are available to advertisers across the world on its photo-sharing app, Instagram. It is expected that annual revenue from Instagram ads will reach $1.5 billion by 2016, which represents a clear sign that the company has been successful in monetizing its acquisition. Stephen Mandel’s Lone Pine Capital represents the top stockholder of Facebook Inc. (NASDAQ:FB) within our database, holding 9.76 million shares.

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