Here’s How Stephen Mandel’s Lone Pine Capital Performed In Q1

#4 Facebook Inc (NASDAQ:FB)

– Shares Owned by Lone Pine Capital (as of December 31): 9.78 million

– Value of Holding (as of December 31): $1.02 billion

Lone Pine Capital booked some profits in Facebook Inc (NASDAQ:FB) by reducing its stake in the company by 9% during the fourth quarter, when shares of Facebook Inc (NASDAQ:FB) broke above the $100 mark for the first time. Another fund to do so was Phill Gross And Robert Atchinson‘s Adage Capital Management, which brought its holding down by 6% to 3.23 million shares during the fourth quarter. Shares of the social media giant made their lifetime of $117.59 last quarter itself and ended the quarter with gains of 9.02%. The company is expected to report its fiscal 2016 first quarter by the end of this month and analysts project it to report EPS of $0.62 on revenue of $5.25 billion, significantly above the EPS of $0.42 on revenue of $3.54 billion that it had reported for the same quarter last year. On April 4, Deutsche Bank’s analyst Ross Sandler released a note to his clients in which he reiterated his ‘Buy’ rating and $145 price target on Facebook’s stock, but said that the company’s first quarter results may come in light” and provide investors an “opportunity to add to positions below current levels.”

#3 Priceline Group Inc (NASDAQ:PCLN)

– Shares Owned by Lone Pine Capital (as of December 31): 834,421

– Value of Holding (as of December 31): $1.06 billion

Going into 2015, Lone Pine Capital was extremely bullish on Priceline Group Inc (NASDAQ:PCLN) having increased its stake in the company by 92% to 1.4 million shares during the fourth quarter of 2014. However, it seems the fund had a sudden change of heart at the beginning of 2015 which caused it to reduce its stake the company in every single quarter of 2015 including the fourth quarter, when it brought its holding down by 16%. While Lone Pine Capital reduced its exposure to the company, billionaire Chase Coleman‘s Tiger Global Management LLC and billionaire Andreas Halvorsen‘s Viking Global initiated stakes in Priceline Group by purchasing 758,389 shares and 393,214 shares, respectively, during the fourth quarter. Owing largely to the rally witnessed in anticipation of the company’s fourth quarter results, shares of Priceline Group managed to end the  first quarter in the green with marginal gains of 1%. Most analysts who cover Priceline Group are currently bullish, citing the consistent growth the company has displayed and its positioning in the Chinese travel market, which is expected to grow phenomenally over the next few years. However, there are also a few analysts who are concerned about the growing trend in the hotel industry to shun online travel agencies (OTAs) and make direct bookings through their own portals.