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Should You Buy Group Inc (WEB)?

Amid an overall market correction, many stocks that smart money investors were collectively bullish on tanked during the third quarter. Among them, Valeant and Micron ranked among the top 30 picks and both lost around 20%. Citigroup, which was the third most popular stock, lost 10% amid uncertainty regarding the interest rates. Nevertheless, our research shows that most of the stocks that smart money likes historically generate strong risk-adjusted returns. This is why following the smart money sentiment is a useful tool at identifying the next stock to invest in.

Is Group Inc (NASDAQ:WEB) undervalued? Money managers are becoming hopeful. The number of long hedge fund positions increased by 4 recently. WEB was in 25 hedge funds’ portfolios at the end of September. There were 21 hedge funds in our database with WEB positions at the end of the previous quarter. At the end of this article we will also compare WWWW to other stocks, including Wright Medical Group Inc (NASDAQ:WMGI), istar Inc (NYSE:STAR), and Bankrate Inc (NYSE:RATE) to get a better sense of its popularity.

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In today’s marketplace there are several gauges stock market investors use to appraise their holdings. A duo of the less utilized gauges are hedge fund and insider trading interest. Our researchers have shown that, historically, those who follow the best picks of the best investment managers can outperform the S&P 500 by a healthy margin (see the details here).

With all of this in mind, let’s take a peek at the key action surrounding Group Inc (NASDAQ:WEB).

Hedge fund activity in Group Inc (NASDAQ:WEB)

Heading into Q4, a total of 25 of the hedge funds tracked by Insider Monkey were long this stock, a change of 19% from the previous quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were upping their holdings meaningfully (or already accumulated large positions).

When looking at the institutional investors followed by Insider Monkey, Ahmet Okumus’ Okumus Fund Management has the most valuable position in Group Inc (NASDAQ:WEB), worth close to $152.5 million, amounting to 20% of its total 13F portfolio. Sitting at the No. 2 spot is Craig C. Albert’s Sheffield Asset Management, with a $18.5 million position; the fund has 2.7% of its 13F portfolio invested in the stock. Remaining professional money managers that are bullish contain Douglas Dossey and Arthur Young’s Tensile Capital, D. E. Shaw’s D E Shaw and Peter A. Wright’s P.A.W. CAPITAL PARTNERS.

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