Steven Cohen Slashes Facebook, Amazon, Others in Prolific Selling

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Guru Steven Cohen is averaging a return of 21.15% over 12 months. The third quarter portfolio of SAC Capital Advisors, led by Steven Cohen , shows 1,749 stocks and a total value of $18.4 billion. The quarter-over-quarter turnover is 37%. Steven Cohen recently bought 465 new stocks, according to the GuruFocus update of Nov. 15, 2013. His third quarter selling was prolific as well.

Here are four high-impact reductions made by Steven Cohen in the third quarter of 2013, including Facebook Inc. Cohen slashed his FB position by 99.09% in the third quarter as eight other billionaires made new buys.

Facebook's revenue for the third quarter of 2013 was $2.02 billion, up 60% from the same quarter a year ago at $1.26 billion. The company's net income was $425 million (GAAP) for the third quarter, pulling up from a net loss of ($59 million) in the same quarter one year ago. Third quarter earnings were $0.17, up from ($0.02) in the third quarter of 2012.



Facebook Inc. ( FB ): Reduced

Impacts Portfolio: -0.67%

Current Shares: 45,170

Up 114% over 12 months, Facebook Inc. has a market cap of $120.31 billion; its shares trade with a P/E ratio of 120.90. The company does not pay a dividend.

Guru Action: As of Sept. 30, 2013, Steven Cohen reduced his position by 99.09%, unloading 4,923,486 shares at an average price of $37.21, for a gain of 31.7%.

The current share price is around $49.01, with a change from average up 32%.

Overall, Steven Cohen gained 102% on 12,303,350 shares bought at an average price of $24.22 per share. Selling, he gained 53% on 12,258,180 shares at an average price of $31.97 per share.

Check out all of the guru trades as of the third quarter and recent insider selling.

Track historical pricing, revenue and net income:





Amazon.com Inc. ( AMZN ): Reduced

Impacts Portfolio: -0.87%

Current Shares: 152,613

Up 61% over 12 months, Amazon.com Inc. has a market cap of $168.98 billion; its shares trade with a P/E ratio of 1,295.60. The company does not pay a dividend.

Guru Action: As of Sept. 30, 2013, Steven Cohen reduced his position by 79.5%, unloading 591,793 shares at an average price of $298.09, for a gain of 23.8%.

The current share price is around $369.17, with a change from average up 24%.

Over a truly remarkable trading history, Steven Cohen gained 74% on 2,295,945 shares bought at an average price of $212.29 per share. Selling 2,143,332 shares at an average price of $243.14 per share, he made a gain of 52%.

Check out all of the recent guru trades and insider selling.

Track historical pricing, revenue and net income:



Continental Resources Inc. ( CLR ): Reduced

Impacts Portfolio: -0.93%

Current Shares: 5,133

Up 64% over 12 months, Continental Resources Inc., an oil and gas exploration and production company, has a market cap of $21.63 billion; its shares trade with a P/E ratio of 29.60. The company does not pay a dividend.

Guru Action: As of Sept. 30, 2013, Steven Cohen reduced his position by 99.74%, unloading 1,950,202 shares at an average price of $95.84 per share, for a gain of 21.5%.

The current share price is around $116.45, with a change from average up 22%.

Over a remarkable five-year history of only gains, Steven Cohen gained 48% on 3,390,878 shares bought at an average price of $78.70 per share. Selling 3,385,745 shares at an average price of $91.10 per share, he made a gain of 28%.

Check out all of the recent guru trades and insider activity.

Track historical pricing, revenue and net income:




Schlumberger NV ( SLB ): Reduced

Impacts Portfolio: -0.81%

Current Shares: 760,937

Up 32% over 12 months, Schlumberger NV has a market cap of $122.45 billion; its shares trade with a P/E ratio of 19.30. The dividend yield is 1.30%.

Guru Action: As of Sept. 30, 2013, Steven Cohen reduced his position by 73.86%, unloading 2,143,202 shares at an average price of $82.16, for a gain of 13.2%.

The current share price is around $92.98, with a change from average up 13%.

Overall, Steven Cohen gained 24% on 6,606,305 shares bought at an average price of $75.25 per share. Selling 5,845,368 shares at an average price of $75.75 per share, he made a gain of 23%.

Check out numerous guru trades as of the third quarter and recent insider selling.

Track historical pricing, revenue and net income:





Study Steven Cohen's complete portfolio.



GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

If you are not a Premium Member, we invite you for a 7-day Free Trial . About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: AMZN , CLR , FB , SLB

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