They are known for connecting users to relevant information online, including web pages, news, images and documents through the use of mobile devices, PCs, and other smart devices.Ĭheck out an article where we shared GDS Investments' views about the stock: The company was mentioned as one of the 10 Best Chinese Stocks to Buy Now. No of HFs: 43 Total Value of HF Holdings: $2.80 BillionīIDU is a Chinese multinational company. Investors who purchase shares in IAC also get to invest alongside Barry Diller in other early-stage companies, including digital media company Dotdash and Software-as-a-Service (or SaaS) video tools provider Vimeo, at an implied valuation of $1.2 billion, which I believe could easily be a relative bargain compared to their long-term value. The value of IAC’s stake in ANGI Homeservices and the cash on its balance sheet is ~$9.2 billion. IAC’s current equity value is ~$10.4 billion. So, purchasing IAC may be more attractive for investors interested in tapping into ANGI’s growth opportunity who might balk at the high valuation. Barry Diller’s holding company, IAC, holds an 85% stake in ANGI Homeservices. But it is also undergoing a transformation that, if successful, could not only make it a much more profitable company, but could also significantly increase its market share. Selling at more than 300 times earnings, it is also far from a cheap stock. We published an article about ANGI recently and said the following:ĪNGI Homeservices Inc (NASDAQ: ANGI) is the largest home-improvement site in the digital space today. The top hedge fund holder of this stock is Jim Simons' Renaissance Technologies which had $46 million invested in the stock at the end of September. On November 11, 2020, the president and COO of ANGI sold 371,738 shares of ANGI at an average price of $10.42 a share. The company is home to the world’s largest digital marketplace for home services. We start the list of best social media stocks to buy now with Angi Homeservices, Inc. No of HFs: 42 Total Value of HF Holdings: $348 Million In October, we shared this real estate stock and since then, it’s been up nearly 50 percent.īased on our hedge fund sentiment data, we present to you, the 12 Best Social Media Stocks To Buy Now, among the 800+ hedge funds tracked by Insider Monkey: 12. Some of the portfolio holdings of our monthly newsletter have been shared online too. For instance, the portfolio of our monthly newsletter’s stock picks has beaten the market by over 88 percentage points since March 2017 ( see the details here). Our in-house analysis shows that we can use the sentiment information gathered from the hedge fund filings to classify in advance a select group of stocks that can beat the S&P 500 index by double digits annually on average. In order to identify the 12 Best Social Media Stocks To Buy Now, we started with the 38 holdings in the Global X Social Media ETF (SOCL) as of December 31, 2020, and we were able to narrow down our list to 12 stocks by using our hedge fund sentiment scores. By 2021, the number of worldwide social media users is expected to reach about 3.1 billion people.īackground, blogger, brand, branding, business, camera, collection, commercial, communication, editorial, facebook, flickr, global, google, icons, identity, illustrative, information, instagram, international, internet, like, logotype, marketing, media, name, network, news, newspaper, old, paper, pattern, pinterest, plus, popular, service, set, sign, skype, social, success, symbol, thumb, twitter, up, website, white, wood, world While China has the biggest social media market worldwide with 822 million users in 2019. population has at least one social media profile. In a study conducted by Statista, 70% of the U.S. Social media allowed people to connect via the internet and today the industry continues to thrive (please also see the 14 Best Internet of Things Stocks to Buy Now). The first social media platform was Six Degrees which was created in 1997 followed by a more popular social media site, Friendster which was launched around 2002. The word social media is not foreign to us and it has been around for decades. By design, social media is internet-based and gives users quick electronic communication of content. Social media is a computer-based technology that facilitates the sharing of ideas, thoughts, and information through the building of virtual networks and communities. If you are in a hurry, you can click to skip ahead to the 5 Best Social Media Stocks To Buy Now. In this article, we take a look at the 12 Best Social Media Stocks To Buy Now.
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