Think You’ve Got It Rough? Lightinthebox Holding Co Ltd-ADR (LITB) Has Destroyed These Guys

Lightinthebox Holding Co Ltd-ADR (NYSE:LITB) has had one of the biggest one-day drops in recent memory, and many investors are wondering if now’s the time to buy the online retailer on the cheap, or if it’s smarter to stay away. A total of 9 of the 450+ hedge funds we track at Insider Monkey held the newly-minted company at the end of last quarter, so it’s worth taking a look at who’s likely lost a bit of money today.

In today’s marketplace, there are dozens of indicators shareholders can use to analyze Mr. Market. A duo of the best are hedge fund and insider trading interest. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the elite money managers can trounce the broader indices by a solid margin (see just how much).

Just as key, bullish insider trading sentiment is another way to break down the marketplace. Just as you’d expect, there are many motivations for an upper level exec to drop shares of his or her company, but only one, very clear reason why they would behave bullishly. Various empirical studies have demonstrated the market-beating potential of this method if “monkeys” know what to do (learn more here).

Consequently, we’re going to take a gander at the key action encompassing Lightinthebox Holding Co Ltd-ADR (NYSE:LITB).

What does the smart money think about Lightinthebox Holding Co Ltd-ADR (NYSE:LITB)?

According to our comprehensive database, Tiger Global had the biggest position in Lightinthebox Holding Co Ltd-ADR (NYSE:LITB), worth close to $5.4 million, accounting for 0.1% of its total 13F portfolio. The second largest stake is held by CR Intrinsic Investors, managed by SAC Subsidiary, which held a $5 million position; the fund has 0.2% of its 13F portfolio invested in the stock. Other hedgies with similar optimism include Douglas Dillard Jr. and Raj D. Venkatesan’s Standard Pacific Capital, SAC Subsidiary’s Sigma Capital Management and Eric Semler’s TCS Capital Management.

As industrywide interest jumped, key money managers have been driving this bullishness. Tiger Global assembled the most valuable position in Lightinthebox Holding Co Ltd-ADR (NYSE:LITB). Tiger Global Management LLC had 5.4 million invested in the company at the end of the quarter. SAC Subsidiary’s CR Intrinsic Investors also made a $5 million investment in the stock during the quarter. The other funds with new positions in the stock are Douglas Dillard Jr. and Raj D. Venkatesan’s Standard Pacific Capital, SAC Subsidiary’s Sigma Capital Management, and Eric Semler’s TCS Capital Management.

Insider trading activity in Lightinthebox Holding Co Ltd-ADR (NYSE:LITB)

Insider purchases made by high-level executives is best served when the company in question has seen transactions within the past 180 days. Over the last six-month time period, Lightinthebox Holding Co Ltd-ADR (NYSE:LITB) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

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Disclosure: none