This Metric Says You Are Smart to Sell AutoNavi Holdings Ltd (ADR) (AMAP)

Page 1 of 2

AutoNavi Holdings Ltd (ADR) (NASDAQ:AMAP) was in 6 hedge funds’ portfolio at the end of the first quarter of 2013. AMAP shareholders have witnessed a decrease in activity from the world’s largest hedge funds of late. There were 8 hedge funds in our database with AMAP holdings at the end of the previous quarter.

AutoNavi Holdings Ltd (ADR) (NASDAQ:AMAP)In today’s marketplace, there are plenty of methods investors can use to analyze stocks. Two of the most underrated are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the best investment managers can beat the broader indices by a significant amount (see just how much).

Equally as integral, optimistic insider trading activity is a second way to parse down the financial markets. Obviously, there are a variety of motivations for an executive to cut shares of his or her company, but only one, very obvious reason why they would behave bullishly. Various academic studies have demonstrated the market-beating potential of this tactic if piggybackers understand where to look (learn more here).

Now, let’s take a gander at the latest action encompassing AutoNavi Holdings Ltd (ADR) (NASDAQ:AMAP).

How are hedge funds trading AutoNavi Holdings Ltd (ADR) (NASDAQ:AMAP)?

At Q1′s end, a total of 6 of the hedge funds we track held long positions in this stock, a change of -25% from the first quarter. With the smart money’s capital changing hands, there exists a select group of noteworthy hedge fund managers who were upping their holdings considerably.

When looking at the hedgies we track, Scott Sinclair and Laurence Chang’s Cascabel Management had the largest position in AutoNavi Holdings Ltd (ADR) (NASDAQ:AMAP), worth close to $2.8 million, comprising 1% of its total 13F portfolio. The second largest stake is held by Jim Simons of Renaissance Technologies, with a $1.5 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Other hedge funds that are bullish include D. E. Shaw’s D E Shaw, John Wu’s Sureview Capital and Israel Englander’s Millennium Management.

Because AutoNavi Holdings Ltd (ADR) (NASDAQ:AMAP) has witnessed declining sentiment from the smart money, it’s easy to see that there is a sect of fund managers that decided to sell off their positions entirely at the end of the first quarter. It’s worth mentioning that Ian P. Murray’s Lanexa Global Management said goodbye to the largest stake of the “upper crust” of funds we monitor, totaling an estimated $0.9 million in stock.. Ken Griffin’s fund, Citadel Investment Group, also sold off its stock, about $0.2 million worth. These moves are interesting, as total hedge fund interest dropped by 2 funds at the end of the first quarter.

What do corporate executives and insiders think about AutoNavi Holdings Ltd (ADR) (NASDAQ:AMAP)?

Insider trading activity, especially when it’s bullish, is particularly usable when the company in question has seen transactions within the past 180 days. Over the last half-year time frame, AutoNavi Holdings Ltd (ADR) (NASDAQ:AMAP) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to AutoNavi Holdings Ltd (ADR) (NASDAQ:AMAP). These stocks are Proofpoint Inc (NASDAQ:PFPT), E2open Inc (NASDAQ:EOPN), Accelrys, Inc. (NASDAQ:ACCL), SciQuest, Inc. (NASDAQ:SQI), and Bazaarvoice Inc (NASDAQ:BV). This group of stocks are in the application software industry and their market caps are closest to AMAP’s market cap.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

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!