Interested in the internet information sphere? For a look at internet information service stocks currently out of favor by hedge funds, we ran a screen.
We screened the stocks of the internet information services industry for those with bearish sentiment from institutional investors, with significant net institutional sales over the last quarter representing at least 5% of share float. This indicates that institutional investors such as hedge fund managers and mutual fund managers expect these names to underperform into the future.
For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.
Do you think these stocks will underperform like hedge funds expect? Use this list as a starting point for your own analysis.
List sorted by net institutional sales as a percent of share float.
1. Travelzoo Inc. (TZOO): An Internet media company, publishes travel and entertainment offers from various travel and entertainment companies in North America and Europe. Market cap at $350.64M, most recent closing price at $21.97. Net institutional sales in the current quarter at -2.3M shares, which represents about 30.83% of the company's float of 7.46M shares.
2. OpenTable, Inc. (OPEN): Provides restaurant reservation solutions in the United States, Canada, Mexico, Europe, and Asia. Market cap at $985.18M, most recent closing price at $43.65. Net institutional sales in the current quarter at -2.8M shares, which represents about 15.18% of the company's float of 18.45M shares.
3. SouFun Holdings Ltd. (SFUN): Provides marketing, listing, technology, and information consultancy services to real estate and home furnishing industries in the People's Republic of China. Market cap at $326.08M, most recent closing price at $17.55. Net institutional sales in the current quarter at -1.8M shares, which represents about 13.46% of the company's float of 13.37M shares.
*Institutional data sourced from Fidelity, all other data sourced from Finviz.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.