Is Youku Tudou Inc (ADR) (NYSE:YOKU) a good investment?
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What’s more, we’re going to discuss the latest info surrounding Youku Tudou Inc (ADR) (NYSE:YOKU).
How have hedgies been trading Youku Tudou Inc (ADR) (NYSE:YOKU)?
In preparation for the third quarter, a total of 17 of the hedge funds we track were long in this stock, a change of 0% from the first quarter. With hedgies’ capital changing hands, there exists a select group of notable hedge fund managers who were increasing their stakes substantially.
According to our 13F database, Bain Capital’s Brookside Capital had the largest position in Youku Tudou Inc (ADR) (NYSE:YOKU), worth close to $156.4 million, comprising 3.7% of its total 13F portfolio. Coming in second is Platinum Asset Management, managed by Kerr Neilson, which held a $138.9 million position; 2.7% of its 13F portfolio is allocated to the company. Some other peers that hold long positions include John Griffin’s Blue Ridge Capital, Lei Zhang’s Hillhouse Capital Management and Brett Barakett’s Tremblant Capital.
Due to the fact Youku Tudou Inc (ADR) (NYSE:YOKU) has witnessed dropping sentiment from upper-tier hedge fund managers, it’s easy to see that there exists a select few funds that elected to cut their positions entirely last quarter. At the top of the heap, SAC Subsidiary’s CR Intrinsic Investors dumped the largest investment of the “upper crust” of funds we track, comprising about $4.3 million in stock. Brian Kelly’s fund, Asian Century Quest, also sold off its stock, about $3.4 million worth. These transactions are interesting, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).
Insider trading activity in Youku Tudou Inc (ADR) (NYSE:YOKU)
Bullish insider trading is particularly usable when the company in question has seen transactions within the past six months. Over the last 180-day time frame, Youku Tudou Inc (ADR) (NYSE:YOKU) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll go over the relationship between both of these indicators in other stocks similar to Youku Tudou Inc (ADR) (NYSE:YOKU). These stocks are IAC/InterActiveCorp (NASDAQ:IACI), ValueClick Inc (NASDAQ:VCLK), AOL, Inc. (NYSE:AOL), Zynga Inc (NASDAQ:ZNGA), and HomeAway, Inc. (NASDAQ:AWAY). All of these stocks are in the internet information providers industry and their market caps resemble YOKU’s market cap.