Crowded Tech Hedge Fund Positions

9.63k followers • 30 symbols Watchlist by Yahoo Finance

Follow this list to discover and track tech stocks with highest percentage of hedge fund ownership.

30 symbols

Zacks
Lyft (LYFT) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Lyft (LYFT) closed at $46.60, marking a -1.6% move from the previous day.
Bloomberg
Lyft Starts California Car-Rental Service in Blow to Hertz, Avis
(Bloomberg) -- Lyft Inc., whose ride-hailing service has been a frenemy of car-rental companies, just got a little less friendly with the likes of Hertz Global Holdings Inc. and Avis Budget Group Inc.Lyft said Thursday it’s testing out a car-rental service in Los Angeles and San Francisco and offering unlimited miles as an inducement. The announcement did little for its stock but sent Hertz and Avis shares plunging.While the rise of Lyft and Uber Technologies Inc. raised existential questions for more than century-old rental companies like Hertz and Avis several years ago, both companies have benefited recently by making their cars available to drivers that the ride-hailing services must keep adding to help support their growth. Avis even forged formal partnership with Uber in early 2017 and Lyft last year.Hertz and Avis can breathe easily for a while, said Hamzah Mazari, a Jefferies analyst who rates Avis a buy and Hertz a hold. Building up a big network of cars and rental lots is expensive, and Lyft doesn’t have the balance sheet to do it quickly.“I think the reaction is overblown,” Mazari said by phone. “Lyft doesn’t have a whole lot of capital so they won’t be able to take this nationwide. They are capital constrained, so I’m not too worried about it.”Representatives for Hertz and Avis didn’t immediately respond to requests for comment. The two erased gains following Lyft’s announcement, with Hertz ending the day down 4.8% and Avis dropping 4.4%.Lyft Rentals is a limited experiment that may change, according to the San Francisco-based company’s website. The smartphone app-based service won’t require a stop at a rental counter and will charge market rates for gasoline. Lyft also is offering $20 credits for transport to rental cars and discounts for Monday-through-Thursday use.To contact the reporters on this story: Chester Dawson in Southfield at cdawson54@bloomberg.net;David Welch in Southfield at dwelch12@bloomberg.netTo contact the editor responsible for this story: Craig Trudell at ctrudell1@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Zacks
Zacks Industry Outlook Highlights: Intel, NVIDIA and STMicroelectronics
Zacks Industry Outlook Highlights: Intel, NVIDIA and STMicroelectronics
Simply Wall St.
Does EchoStar (NASDAQ:SATS) Have A Healthy Balance Sheet?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Simply Wall St.
One Thing To Remember About The Sanmina Corporation (NASDAQ:SANM) Share Price
If you own shares in Sanmina Corporation (NASDAQ:SANM) then it's worth thinking about how it contributes to the...
Zacks
SMGZY vs. SWCH: Which Stock Should Value Investors Buy Now?
SMGZY vs. SWCH: Which Stock Is the Better Value Option?
Zacks
Viasat Brings Quality Residential Internet Service to Mexico
Viasat's (VSAT) new service, which utilizes bandwidth from the ViaSat-2, is likely to be rolled out in early 2020 and aid in digital expansion across the country.
Bloomberg
How’s Your Driving? If You Use an App Insurers Could Be Watching
(Bloomberg) -- Apps that let you book a ride to work or borrow a car for your next vacation are feeding into a revolution in auto insurance -- while also raising some privacy red flags.Data on everything from how frequently a car is booked, the type of vehicle rented, the destination, the amount of time between making a reservation and the trip, how hard the driver slams on the brakes to how punctual and friendly a person is on the drive could all be fair game for the industry.Startups like Turo Inc. and BlaBlaCar believe they can take this information and use it to find new ways to assess risk and create new businesses tied to auto insurance.“It’s not so much about an individual’s story there, but at an aggregate level across millions of trips, patterns exist that actually predict risk,” Turo’s U.K. head Xavier Collins said in an interview.The famously staid and risk averse auto insurance industry is slowly finding ways to use new types of data analysis to help it make decisions about who to cover, how much to charge and which customers are most likely to leave for a competitor, said Ingo Blöink, a consultant in Germany who was previously the European director of Daimler Insurance Services.Sleeping BeautyA mix of telematics that measure a car’s performance and other publicly available records together with privately garnered “soft data” can be fed into a program to discern patterns. That can create a “microsegment” risk analysis that more finely slices who’s most likely to get into an accident or commit fraud, which could eventually replace most actuaries, Blöink said.“The industry is a sleeping beauty slowly waking up; they’ve not realized that there’s huge potential,” he said. “It will completely change the way risk will be underwritten in the next 10 years.”San Francisco-based Turo and France’s BlaBlaCar already have specialized arrangements with insurers -- Allianz SE, Liberty Mutual and Axa SA -- that offer tailored products to cover drivers who’ve borrowed another person’s car or used the service to transport someone else in their own car.The companies are part of a ride-sharing industry, led by the likes of Uber Technologies Inc. and Lyft Inc., that’s challenging traditional car ownership and rentals. Turo’s platform lets users lend personal cars to others. BlaBlaCar arranges carpools between cities.Privacy QuestionsAt an aggregate level, this type of data is “definitely something that’s of interest to us and we are exploring,” said Martin Hoff, Allianz Automotive’s head of product management and innovation, noting, however, that it isn’t being used currently. A record of good driving from such companies could help new drivers applying for auto insurance, he said.Still, sharing data with the insurance industry, which may already have a lot of information about a user, raises privacy issues, said Ioannis Kouvakas, a legal officer at Privacy International, a British charity that lobbies for privacy rights.It’s difficult to truly anonymize data, and companies could potentially reconstruct identities and use that information in invasive ways. Another big concern is whether customers are aware that they’re sharing data, he said.“There’s a lot of potential for abuse,” Kouvakas said in an interview, adding that people can rarely ever be sure of how their data is used.Consent NeededAllianz’s Hoff said the insurance industry is constrained by regulations on information they can use when assessing applicants, particularly in Europe.That’s largely thanks to the General Data Protection Regulation legislation that requires companies to inform people when their personal data is being used, letting them opt out or object, said Ian De Freitas, a partner at law firm Farrer & Co. who specializes in privacy law.But when identifying markers are stripped out and the data become anonymous, it’s no longer considered private, he said.Turo’s users currently consent to share data that lets the firm determine their likelihood of getting into an accident or making an insurance claim, identify unsafe driving behavior and conduct investigations and risk assessments.The firm’s privacy policy says that the company might collect aggregate data about its users to consider new features. Customers share their drivers’ license information, reviews, street address, employers, schools and location.Smarter InsuranceSimilarly, BlaBlaCar collects details about cars, biographical information, replies to surveys and reviews, and location.Last year, BlaBlaCar announced BlaBlaSure, an insurance product with Axa SA that targets ride-sharers. It’s been rolled out in France, with plans to make it Europe-wide, BlaBlaCar Chief Executive Officer Nicolas Brusson said in an interview. Eventually, this product will use data collected from BlaBlaCar users to help determine rates for new customers.“It seems pretty basic but when you get hundreds of data points from drivers saying a person is a great driver,” Brusson said. “It’s pretty powerful in terms of insurance pricing.”The company is collecting data and finding correlations between data points such as how someone’s driving is rated by other users, and the number of accidents. Customers must opt in to sharing their data with the insurance product, which is combined with information from other users and anonymized, he said.Drawing conclusions from the research to sell insurance is a few years off, Brusson said.“Long term, all these car-insurance products will be smarter because we have lots of data from the community,” he said.To contact the reporter on this story: Amy Thomson in London at athomson6@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Vidya RootFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Zacks
5 Hottest IPOs of 2019
2019 was one of the busiest years for IPOs, and the calendar was packed with big tech unicorns and popular consumer brands. Here are some of the hottest market debuts we saw this year.
Zacks
Semiconductor-General Stock Outlook: 2020 Prospects Lifting Shares
Semiconductor-General Stock Outlook: 2020 Prospects Lifting Shares
Zacks
Is Anaplan (PLAN) Stock Outpacing Its Computer and Technology Peers This Year?
Is (PLAN) Outperforming Other Computer and Technology Stocks This Year?
Simply Wall St.
Would Plantronics, Inc. (NYSE:PLT) Be Valuable To Income Investors?
Could Plantronics, Inc. (NYSE:PLT) be an attractive dividend share to own for the long haul? Investors are often drawn...
Zacks
Another Small Decline as We Wait on Trade
Another Small Decline as We Wait on Trade
Zacks
Should You Invest in the Invesco DWA Technology Momentum ETF (PTF)?
Sector ETF report for PTF
Zacks
Zumiez, Yext, Adobe and Salesforce highlighted as Zacks Bull and Bear of the Day
Zumiez, Yext, Adobe and Salesforce highlighted as Zacks Bull and Bear of the Day
Zacks
Bear of the Day: Yext (YEXT)
Bear of the Day: Yext (YEXT)
Zacks
Has Smartsheet (SMAR) Outpaced Other Computer and Technology Stocks This Year?
Is (SMAR) Outperforming Other Computer and Technology Stocks This Year?
Simply Wall St.
When Should You Buy Cloudera, Inc. (NYSE:CLDR)?
Cloudera, Inc. (NYSE:CLDR), which is in the software business, and is based in United States, received a lot of...
Yahoo Finance
Why this stealth tech company's stock has surged 80%
Smartsheet has flown completely under Wall Street's radar. Yahoo Finance speaks with the company's CEO Mark Mader.
Zacks
Is STMicroelectronics N.V. (STM) Stock Outpacing Its Computer and Technology Peers This Year?
Is (STM) Outperforming Other Computer and Technology Stocks This Year?
Zacks
Alphabet Launches Waymo App on App Store to Boost User Reach
Alphabet (GOOGL) gains momentum in autonomous driving space with the launch of Waymo's ride-hailing app on App store.
Zacks
The Zacks Analyst Blog Highlights: Tesla, Baidu, Lyft, Alibaba and Intel
The Zacks Analyst Blog Highlights: Tesla, Baidu, Lyft, Alibaba and Intel
Zacks
Company News for Dec 9, 2019
Companies in the news are: ULTA, TSLA, UBER, YEXT
Zacks
ViaSat (VSAT) Up 8.8% Since Last Earnings Report: Can It Continue?
ViaSat (VSAT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Zacks
Why Is NCR (NCR) Up 8.7% Since Last Earnings Report?
NCR (NCR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.