Should You Buy Yelp Inc (YELP), Expedia Inc (EXPE), Shutterfly, Inc. (SFLY) or Scientific Games Corp (SGMS)?

Eastbay Asset Management sold 20% of its position in Scientific Games Corp (NASDAQ:SGMS) in the second quarter, ending the period with about 3.28 million shares of the company, which had a net worth of over $30.15 million. The stock returned 22.6% during the third quarter, proving to be another huge boon for the fund. At the end of the second quarter, a total of 21 of the hedge funds tracked by Insider Monkey were long this stock, down by 13% from the previous quarter. Among these funds, Fine Capital Partners held the most valuable stake in Scientific Games Corp (NASDAQ:SGMS), which was worth $75.5 million at the end of the second quarter. Moreover, Nantahala Capital Management and PAR Capital Management were also bullish on Scientific Games Corp (NASDAQ:SGMS).

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Eastbay Asset dumped 117,726 shares of online travel agent and booking company Expedia Inc (NASDAQ:EXPE) in the second quarter. This represents a 34% reduction in the fund’s position in the company as compared to a quarter earlier. Moving into the third quarter, Eastbay had a total of 222,609 shares of Expedia, having a total worth of over $23.66 million. The stock returned 10.1% during the third quarter.

The number of bullish hedge fund positions in Expedia inched up by 2 in recent months, with the stock being in 67 hedge funds’ portfolios at the end of June. The largest stake in Expedia Inc (NASDAQ:EXPE) among those funds was held by PAR Capital Management, which reported holding $695.9 million worth of stock as of the end of June. It was followed by Altimeter Capital Management with a $478.1 million position. Other investors bullish on the company included Tourbillon Capital Partners, Steadfast Capital Management, and JANA Partners.

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