Capital Research Global Investors Sold Shares in These Companies in Q3: RENN, GOOG, DFS, DIS, PPL

Wall St. Watchdog reveals information regarding significant reduction in shares for Capital Research Global Investors’ holdings on the quarter ending September 30th, 2011. The firm is bearish on these stocks:

  • Renren Inc (NYSE:RENN): On 06/30/2011, Capital Research Global Investors reported holding 1,075,000 shares. On 09/30/2011, Capital Research Global Investors reported holding 5,000 shares. The net reduction in shares for this position is 1,070,000 or 99.53%. About Company: Renren, Inc. operates an Internet website. The Company operates a real-time social networking website that offers users the ability to communicate, share information and user-generated content, play online games, listen to music, shop for deals, and use other services.
  • Google Inc. (NASDAQ:GOOG): On 06/30/2011, Capital Research Global Investors reported holding 3,746,580 shares. On 09/30/2011, Capital Research Global Investors reported holding 364,300 shares. The net reduction in shares for this position is 3,382,280 or 90.28%. About Company: Google Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches.
  • Discover Financial Services (NYSE:DFS): On 06/30/2011, Capital Research Global Investors reported holding 5,920,000 shares. On 09/30/2011, Capital Research Global Investors reported holding 606,853 shares. The net reduction in shares for this position is 5,313,147 or 89.75%. About Company: Discover Financial Services is a credit card issuer and electronic payment services company. The Company issues credit cards and offers student and personal loans, as well as savings products such as certificates of deposit and money market accounts and operates an automated teller machine(ATM)/debit network, which includes ATMs, as well as POS terminals nationwide.
  • Walt Disney Co. (NYSE:DIS): On 06/30/2011, Capital Research Global Investors reported holding 16,700,000 shares. On 09/30/2011, Capital Research Global Investors reported holding 2,395,000 shares. The net reduction in shares for this position is 14,305,000 or 85.66%. About Company: The Walt Disney Company, an entertainment company, conducts operations in media networks, studio entertainment, theme parks and resorts, consumer products, and Internet and direct marketing. The Company produces motion pictures, television programs, and musical recordings, as well as publishes books and magazines. Disney also operates ABC radio and television and theme parks.
  • Ppl Corporation (NYSE:PPL): On 06/30/2011, Capital Research Global Investors reported holding 10,747,000 shares. On 09/30/2011, Capital Research Global Investors reported holding 2,027,000 shares. The net reduction in shares for this position is 8,720,000 or 81.14%. About Company: PPL Corporation is an energy and utility holding company. The Company, through its subsidiaries, generates electricity from power plants in the northeastern and western United States, and markets wholesale and retail energy primarily in the northeastern and western portions of the United States, and delivers electricity in Pennsylvania and the United Kingdom.

(Note: Data regarding Capital Research Global Investors’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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