Professional investors will tell you the prospect arises when everyone else is scared. Crises are the perfect opportunities to improve investment portfolios and buy stocks at discounts, but time will tell if the decline will recover or if it’s on a downhill trend.
Helprin Management Tokyo Japan review shows that some companies have lost considerable value over the past year due to several factors. The company has compiled some of the most surprising drops as of late October.
Here are some of the stocks that dipped from their 2021 value:
1. Meta Platforms Inc. (NASDAQ: META)
Meta Platforms Inc. is a famous American multinational technology conglomerate based in Menlo Park, California. It owns Instagram, with 2 billion Monthly Active Users (MAU), Facebook, with over 2.9 billion MAU, and Whatsapp, with 390 million MAU. Meta has 184 hedge fund holdings with a 70.70% year-to-date (YTD) value decline as of October 29, 2022. The losses could be attributed to lower advertising spending and heavily investing in Reels to compete with Tiktok and the metaverse.
2. PayPal Holdings Inc. (NASDAQ: PYPL)
Helprin Management Tokyo Japan review reveals that California-based PayPal Holdings Inc. because it declined around half its 2021 value. PayPal has 97 Hedge Fund Holdings and a 55.76% YTD value decline as of October 29, 2022. However, Wall Street believes the upcoming Apple partnership may help recover Paypal’s value.
3. Booking Holdings Inc. (NASDAQ: BKNG)
Booking is a Connecticut-based American travel technology company. Booking has 93 hedge fund holdings and a 31.96% YTD value decline as of October 29, 2022. According to Forbes, the rising interest rates, inflation, possible recession, and gas prices may have affected the stock price.
4. Micron Technology Inc. (NASDAQ: MU)
Micron Technology headquarter is located in Idaho. The company produced computer memory, dynamic random access memory (DRAM), USB flash drives, and other data storage devices marketed under the Ballistix and Crucial brands. Micron Technology has 69 hedge fund holdings and a 43.56% YTD value decline as of October 29, 2022.
5. Ford Motors Co. (NYSE: F)
Ford Motors is a Michigan-based American multinational automobile manufacturing company specializing in the sales and production of commercial vehicles, automobiles, and luxury cars. Ford Motors has 46 hedge fund holdings and a 39.09% YTD value decline as of October 29, 2022.
6. Pinterest Inc. (NYSE: PINS)
California-based Pinterest surprisingly dropped in value despite its 8.2% year-on-year (YOY) growth rate. Pinterest has 41 hedge fund holdings and a 31.61% YTD value decline as of October 29, 2022. Pinterest was at the height of its popularity in 2020 when most people were inside their homes. According to Yahoo! Finance, the numbers reflected decreasing user appeal, and investors began losing faith in the company.
7. Toast Inc. (NYSE: TOST)
Boston-based Toast is an American cloud-based restaurant management software company providing a comprehensive point-of-sale (POS) Android system. Toast has 40 hedge fund holdings and a 32.88% YTD value decline as of October 29, 2022.
8. Sony Group Corporation (NYSE: SONY)
Japanese multinational conglomerate Sony is one of the largest video game publishers worldwide, and the company manufactures professional and consumer video game consoles and other electronic products. Sony has 26 hedge fund holdings and a 34.61% YTD value decline as of October 29, 2022. The stock price plummeted after news of Microsoft acquiring Activision-Blizzard at the beginning of 2022, which wiped around $20 billion of Sony’s market value.
9. Blue Owl Capital Inc. (NYSE: OWL)
Blue Owl has 24 hedge fund holdings and a 31.53% YTD value decline as of October 29, 2022.
10. Coursera Inc. (NYSE: COUR)
Coursera is a California-based American open online platform providing certifications, online courses, and degrees in various subjects. Coursera has 20 hedge fund holdings and a 48.20% YTD value decline as of October 29, 2022. According to ClassCentral’s analysis, Coursera’s low value reflects the lower demand for online classes, which you can find across several online course platforms.
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