Point72 Asset Management Cuts Micron Technology, JD.com

Steven Cohen (Trades, Portfolio)’s Point72 Asset Management manages a $15.33 billion equity portfolio composed of 778 stocks as of the quarter’s end. The firm sold shares of the following stocks during the second quarter.” data-reactid=”13″>Steven Cohen (Trades, Portfolio)’s Point72 Asset Management manages a $15.33 billion equity portfolio composed of 778 stocks as of the quarter’s end. The firm sold shares of the following stocks during the second quarter.

The firm’s Micron Technology Inc. (NASDAQ:MU) position was trimmed by 98.19% The portfolio was impacted by -2.08%.

Point72 Asset Management Cuts Micron Technology, JD.com

The company, which provides DRAM for PCs and servers, has a market cap of $49.57 billion and an enterprise value of $48.14 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 6.19% and return on assets of 4.58% are outperforming 53% of companies in the semiconductors industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 1.2 is below the industry median of 1.5.

PRIMECAP Management (Trades, Portfolio) with 4.63% of outstanding shares, followed by David Tepper (Trades, Portfolio)’s Appaloosa with 0.84% and the Parnassus Endeavor Fund (Trades, Portfolio) with 0.58%.” data-reactid=”40″>The largest guru shareholder of the company is PRIMECAP Management (Trades, Portfolio) with 4.63% of outstanding shares, followed by David Tepper (Trades, Portfolio)’s Appaloosa with 0.84% and the Parnassus Endeavor Fund (Trades, Portfolio) with 0.58%.

The firm reduced its position in JD.com Inc. (NASDAQ:JD) by 60.06%. The trade had an impact of -1.09% on the portfolio.

Point72 Asset Management Cuts Micron Technology, JD.com

The Chinese e-commerce company has a market cap of $115.28 billion and an enterprise value of $104.12 billion.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 24.08% and return on assets of 7.87% are outperforming 85% of companies in the cyclical retail industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 3.21 is below the industry median of 0.46.

The largest guru shareholder of the company is Chase Coleman (Trades, Portfolio) with 3.32% of outstanding shares, followed by Dodge & Cox with 0.58% and Andreas Halvorsen (Trades, Portfolio)’s Viking Global Investors with 0.53%.

The firm exited its position in CSX Corp. (NASDAQ:CSX).The portfolio was impacted by -0.90%.

Point72 Asset Management Cuts Micron Technology, JD.com

The company, which is focused on rail transportation and real estate in the U.S., has a market cap of $58.29 billion and an enterprise value of $72.70 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 24.13% and return on assets of 7.52% are outperforming 88% of companies in the transportation industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.15 is below the industry median of 0.29.

The largest guru shareholder of the company is Ken Fisher (Trades, Portfolio) with 0.58% of outstanding shares, followed by Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 0.17% and PRIMECAP Management with 0.16%.

The firm curbed its Bank of New York Mellon Corp. (NYSE:BK) holding by 89.68%, impacting the portfolio by -0.87%.

Point72 Asset Management Cuts Micron Technology, JD.com

The investment company has a market cap of $33.26 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. While the return on equity of 10.11% is outperforming the sector, the return on assets of 1.08% is underperforming 51% of companies in the asset management industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 4.54 is far below the industry median of 21.

The firm trimmed its holding of Take-Two Interactive Software Inc. (NASDAQ:TTWO) by 85.01%. The portfolio was impacted by -0.87%.

Point72 Asset Management Cuts Micron Technology, JD.com

The firm trimmed its Baidu Inc. (NASDAQ:BIDU) position by 88.41%. The trade had an impact of -0.83% on the portfolio.

Point72 Asset Management Cuts Micron Technology, JD.com

The Chinese internet search engine has a market cap of $43.86 billion and an enterprise value of $34.08 billion.

While the return on equity of 2.24% is underperforming the sector, the return on assets of 1.2% is outperforming 51% of companies in the interactive media industry. Its financial strength is rated 6 out of 10 with a cash-debt ratio of 1.98.

The largest guru shareholder of the company is Simons’ firm with 2.90% of outstanding shares, followed by PRIMECAP Management with 2.35% and Dodge & Cox with 1.97%.

The investment firm trimmed its position in Applied Materials Inc. (NASDAQ:AMAT) by 86.22%. The portfolio was impacted by -0.78%.

Point72 Asset Management Cuts Micron Technology, JD.com

The semiconductor company has a market cap of $56.65 billion and an enterprise value of $57.60 billion.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 36.55% and return on assets of 15.84% are outperforming 92% of companies in the semiconductors industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 0.83 is below the industry median of 1.5.

The largest guru shareholder of the company is Chris Davis (Trades, Portfolio) with 1.78% of outstanding shares, followed by PRIMECAP Management with 0.59% and the Parnassus Endeavor Fund with 0.58%.

Disclosure: I do not own any stocks mentioned.

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