Major Funds Supporting E-Commerce China Dangdang’s Stock
Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently increased stock shares of E-Commerce China Dangdang Inc. (NYSE:DANG).
SEC data indicate that these institutions significantly increased their stock shares of E-Commerce China Dangdang Inc. in Q3 2011:
TIGER GLOBAL MANAGEMENT LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 4,399,622 shares, worth $21,734,133.
ETON PARK CAPITAL MANAGEMENT, L.P.: On 06/30/2011, held 0 shares. On 09/30/2011, held 1,730,000 shares, worth $8,546,200.
CLOUGH CAPITAL PARTNERS L P: On 06/30/2011, held 0 shares. On 09/30/2011, held 778,012 shares, worth $3,843,379.
TIAA CREF INVESTMENT MANAGEMENT LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 426,000 shares, worth $2,104,440.
MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 319,900 shares, worth $1,580,306.
About the company: E-Commerce China Dangdang, Inc. is a business-to-consumer Internet retailer. The Company sells books and other media; beauty and personal care; home and lifestyle; baby, children and maternity products; and various apparel including jackets, shoes, and men’s and women’s apparel.
Competitors to Watch: Amazon.com, Inc. (NASDAQ:AMZN), eBay Inc. (NASDAQ:EBAY), Mecox Lane Limited ADR (NASDAQ:MCOX),Youku.com(NYSE:YOKU), Liquidity Services, Inc. (NASDAQ:LQDT), Gaiam, Inc. (NASDAQ:GAIA), PC Connection, Inc. (NASDAQ:PCCC), PC Mall, Inc. (NASDAQ:MALL), Changyou.com (NASDAQ:CYOU), and Renren Inc (NYSE:RENN).
(Note: Data regarding E-Commerce China Dangdang Inc.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)
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