&l;img class=&q;dam-image bloomberg size-large wp-image-42901778&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/42901778/960x0.jpg?fit=scale&q; data-height=&q;640&q; data-width=&q;960&q;&g; More top investors bought social media company Facebook than any other stock of the S&a;amp;P 500 in the fourth quarter of 2018, data shows. Photographer: David Paul Morris/Bloomberg
The S&a;amp;P 500 index declined 13.97% in the fourth quarter, marking its worst stretch since the third quarter of 2011, when it fell 14.33%. During the storm, the most popular stocks among investors tracked by GuruFocus, a group of the world&a;rsquo;s most prominent managers, most of whom have a value slant, were: Facebook, Google, (Buffett&a;rsquo;s third-largest holding) Wells Fargo, Goldman Sachs&a;nbsp;and Citigroup.
According to the S&a;amp;P 500 Screener, the investors preferred Facebook and Google to their rival Amazon, which ranked as the seventh most-bought stock in the index.
Other hot names held less appeal during the quarter. Apple,&l;span&g;&a;nbsp;&l;/span&g;Warren Buffett&a;rsquo;s largest holding, ranked far behind as the 21st most-bought stock. Bank of America&a;nbsp;trailed its big-bank peers at No. 11. JPMorgan, a financial stock Buffett bought more of during the quarter, was 46 on the list.
The most-bought stocks
&l;strong&g;Facebook&l;/strong&g;
At 26, more investors GuruFocus tracks bought shares of Facebook than any other stocks in the S&a;amp;P 500 during the fourth quarter. The company&a;rsquo;s shares fell 19% in the fourth quarter. The largest new purchase by a GuruFocus investor was made by&l;span&g;&a;nbsp;&l;/span&g;Glenn Greenberg, who made it 5.62% of his long portfolio.&l;span&g;&a;nbsp;&l;/span&g;Steve Mandel&a;nbsp;had the largest position with 0.23% of shares outstanding.
Facebook Inc. has a market cap of $477.67 billion; its shares were traded around $167.37 Monday with a price-earnings ratio of 22.14 and price-sales ratio of 8.75. Facebook Inc. had annual average earnings growth of 48.30% over the past five years.
&l;strong&g;Alphabet&a;nbsp;&l;/strong&g;
Twenty investors GuruFocus tracks bought Google shares during the fourth quarter, making it the second most popular stock of the index. Its stock price declined 14% during the quarter.&l;span&g;&a;nbsp;&l;/span&g;Al Gore&a;rsquo;s Generation Investment Management established the largest new position at 3.92% of its long portfolio. Investment firm Dodge &a;amp; Cox holds the largest position with 0.44% of its shares outstanding.
Alphabet Inc. has a market cap of $800.56 billion; its shares were traded around $1,147.80 Monday with a price-earnings ratio of 26.43 and price-sales ratio of 6.17. Alphabet Inc had an annual average earnings growth of 15.3% over the past 10 years. GuruFocus rated Alphabet Inc.&l;span&g;&a;nbsp;&l;/span&g;the business predictability rank of 3.5-star.
&l;strong&g;Wells Fargo&l;/strong&g;
Twenty investors GuruFocus tracks bought shares of Wells Fargo during the quarter, making it tied with Google for the number of purchasers, though it has a lower overall weighting in their portfolios.&l;span&g;&a;nbsp;&l;/span&g;David Tepper&a;nbsp;started the largest new position at 0.69% of his long portfolio.&l;span&g;&a;nbsp;&l;/span&g;Warren Buffett&a;nbsp;has the largest position with 9.32% of shares outstanding.
Wells Fargo &a;amp; Co. has a market cap of $227.97 billion; its shares were traded around $50.11 Monday with a price-earnings ratio of 11.72 and price-sales ratio of 2.79. The trailing 12-month dividend yield of Wells Fargo &a;amp; Co. is 3.40%. The forward dividend yield of Wells Fargo &a;amp; Co. is 3.60%.
&l;strong&g;Goldman Sachs&l;/strong&g;
Twenty investors also purchased Goldman Sachs shares, with a lower overall weighting in their combined portfolios. The stock&a;rsquo;s price dropped 26% over the quarter. The&l;span&g;&a;nbsp;&l;/span&g;Yacktman Focused Fund&a;nbsp;started the largest new position at 0.68% of its portfolio.&l;span&g;&a;nbsp;&l;/span&g;Warren Buffett&a;nbsp;has the largest Goldman Sachs stake with 4.93% of shares outstanding.
Goldman Sachs Group Inc. has a market cap of $72.17 billion; its shares were traded around $195.98 Monday with a price-earnings ratio of 7.75 and price-sales ratio of 2.30. The trailing 12-month dividend yield of Goldman Sachs Group Inc. is 1.63%. The forward dividend yield of Goldman Sachs Group Inc. is 1.61%.
&l;strong&g;Citigroup&l;/strong&g;
Nineteen investors purchased Citigroup shares, making it the fifth most-bought stock in the index. The stock&a;rsquo;s price plunged 28% in the fourth quarter.&l;span&g;&a;nbsp;&l;/span&g;Steven Cohen&a;nbsp;started the largest new position at 0.89% of his long portfolio.&l;span&g;&a;nbsp;&l;/span&g;Jeff Ubben&a;nbsp;has the largest position, with 1.33% of shares outstanding.
Citigroup Inc. has a market cap of $149.91 billion; its shares were traded around $63.75 Monday with a price-earnings ratio of 9.54 and price-sales ratio of 2.20. The trailing 12-month dividend yield of Citigroup Inc. is 2.61%. The forward dividend yield of Citigroup is 2.79%.
This article originally appeared &l;a href=&q;https://www.gurufocus.com/news/827276/facebook-and-google-are-mostbought-stocks-of-investing-gurus-in-4th-quarter&q; target=&q;_blank&q;&g;HERE&l;/a&g;.&l;/p&g;
No comments:
Post a Comment