Hedge Funds Are Dumping Perfect World Co., Ltd. (ADR) (PWRD)

Page 1 of 2

Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) investors should pay attention to a decrease in hedge fund sentiment in recent months.

In today’s marketplace, there are a multitude of methods market participants can use to watch stocks. A couple of the best are hedge fund and insider trading interest. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the elite money managers can outclass their index-focused peers by a superb margin (see just how much).

Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD)

Just as integral, bullish insider trading sentiment is a second way to parse down the financial markets. Just as you’d expect, there are lots of stimuli for a corporate insider to get rid of shares of his or her company, but just one, very obvious reason why they would behave bullishly. Various academic studies have demonstrated the impressive potential of this method if piggybackers understand what to do (learn more here).

Keeping this in mind, let’s take a glance at the latest action encompassing Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD).

What does the smart money think about Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD)?

At the end of the first quarter, a total of 6 of the hedge funds we track held long positions in this stock, a change of -14% from the first quarter. With hedge funds’ capital changing hands, there exists a few notable hedge fund managers who were boosting their stakes considerably.

Of the funds we track, Renaissance Technologies, managed by Jim Simons, holds the largest position in Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD). Renaissance Technologies has a $16 million position in the stock, comprising less than 0.1%% of its 13F portfolio. On Renaissance Technologies’s heels is Two Sigma Advisors, managed by John Overdeck and David Siegel, which held a $2.2 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Remaining hedge funds with similar optimism include Brian Taylor’s Pine River Capital Management, Israel Englander’s Millennium Management and Ken Griffin’s Citadel Investment Group.

Due to the fact that Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) has experienced falling interest from the aggregate hedge fund industry, it’s easy to see that there is a sect of funds that elected to cut their positions entirely in Q1. Interestingly, Matthew Hulsizer’s PEAK6 Capital Management dropped the biggest position of the 450+ funds we watch, worth about $0.5 million in call options, and Jeffrey Altman of Owl Creek Asset Management was right behind this move, as the fund sold off about $0.4 million worth. These bearish behaviors are intriguing to say the least, as aggregate hedge fund interest dropped by 1 funds in Q1.

What do corporate executives and insiders think about Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD)?

Bullish insider trading is best served when the company in focus has seen transactions within the past six months. Over the last half-year time frame, Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD). These stocks are Glu Mobile Inc. (NASDAQ:GLUU), Avid Technology, Inc. (NASDAQ:AVID), KongZhong Corporation (ADR) (NASDAQ:KONG), Rosetta Stone Inc (NYSE:RST), and Shanda Games Limited(ADR) (NASDAQ:GAME). This group of stocks are the members of the multimedia & graphics software industry and their market caps resemble PWRD’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!