BlueCrest Capital’s Bullish Q2 Moves Include Facebook Inc. (FB), Herbalife Ltd. (HLF).

Moving on to the second bullish move of BlueCrest Capital, the fund augmented its position in Facebook Inc. (NASDAQ:FB) by 109,901 shares during the second trimester, ending the quarter with 187,802 shares valued at $16.11 million. Interestingly, the shares of the social networking company are down by 4.98% in today’s pre-market trading session, but have still returned 16% since the beginning of the year. Some analysts are inclined to believe that the shares of Facebook are overvalued at the moment, while others claim that there is more upside for the stock as the company’s revenue growth represents the major factor that pushes the stock higher. In its most recent financial results, Facebook posted revenue growth of 48% year-over-year, which clearly shows that the company is on the right track. However, the Facebook “skepticists” suggest that most investors have been overlooking the company’s decelerating revenue growth, though realistically that should not raise any red flags as it is almost impossible to deliver growth of over 50% endlessly. Stephen Mandel’s Lone Pine Capital and Philippe Laffont’s Coatue Management are the top equity holders of Facebook Inc. (NASDAQ:FB) within our database, holding stakes of 9.76 million shares and 8.73 million shares, respectively.

The last bullish move discussed in this article was made on Herbalife Ltd. (NYSE:HLF)’s stock, which has gained nearly 53% year-to-date. BlueCrest Capital acquired 245,815 shares of Herbalife, adding them to a holding that now consists of 266,531 shares valued at $14.68 million. The global nutrition company recently released its financial results for the second quarter and raised its full year guidance. Herbalife posted adjusted earnings per share (EPS) of $1.24 per diluted share, beating its previously-disclosed guidance of $1.05 -$1.15. Meanwhile, the company’s net sales amounted to $1.2 billion, down by 11% year-over-year, primarily owning to the strong U.S. dollar. However, the local currency net sales grew by 1% year-over-year, which indicates that there is still demand for its products on the global markets. It’s worth mentioning that Herbalife expects its currency adjusted EPS for the next quarter to be in the range of $1.40 to $1.50. Icahn Capital, founded by reputable investor Carl Icahn, owns by far the largest stake in Herbalife Ltd. (NYSE:HLF) among the hedge funds we track, reporting ownership of 17 million shares as of June 30.

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