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

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!