Weekly Guru Bargains Highlights: RenRen, Rovi Corp, Advanced Micro Devices, New Oriental ...

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According to GuruFocus updates , these stocks have declined the most since Gurus have bought.

Renren Inc. ( RENN ): Down 30% Since Lee Ainslie Bought in the Quarter Ended on 2012-06-30

Lee Ainslie added to his holdings in Business Support Services company Renren Inc. by 204.02% during the quarter ended 06/30/2012. His purchase prices were between $4.34 and $7.59, with an estimated average price of $5.49. Since then the prices of Renren Inc. shares have declined by -30% from the estimated average. Lee Ainslie owned 9,329,941 shares of as of 06/30/2012.

Renren Inc. operates as a social networking internet platform in China offering information and content sharing, music, online games and online shopping and other services including communication. Renren Inc has a market cap of $1.49 billion; its shares were traded at around $3.82 with a P/E ratio of 127.6 and P/S ratio of 12.6.

Renren recently reported its second quarter 2012 financial results. Total net revenues were US$44.8 million, a 47.5% increase from the corresponding period in 2011.

Lee Ainslie owns 9,329,941 shares as of 06/30/2012, an increase of 204.02% from the previous quarter. This position accounts for 0.61% of the $6.85 billion portfolio of Maverick Capital.

Rovi Corporation ( ROVI ): Down 38% Since Larry Robbins Bought in the Quarter Ended on 2012-06-30

Larry Robbins added to his holdings in Software company Rovi Corporation by 364.02% during the quarter ended 06/30/2012. His purchase prices were between $19.49 and $33, with an estimated average price of $25.87. Since then the prices of Rovi Corporation shares have declined by -38% from the estimated average. Larry Robbins owned 3,299,200 shares of as of 06/30/2012.

Rovi Corp., formerly Macrovision Solutions Corporation, provides a set of solutions that enable businesses to protect, enable and distribute their digital goods to consumers and allows consumers the ability to discover and manage digital media across multiple channels. Rovi Corporation has a market cap of $1.7 billion; its shares were traded at around $15.97 with a P/E ratio of 12.3 and P/S ratio of 2.5. Rovi Corporation had an annual average earnings growth of 6.1% over the past 10 years. GuruFocus rated Rovi Corporation the business predictability rank of 2.5-star.

Jean-Marie Eveillard owns 184 shares as of 06/30/2012, which accounts for less than 0.01% of the $25.72 billion portfolio of First Eagle Investment Management LLC. PRIMECAP Management sold out his holdings in the quarter that ended on 06/30/2012.

CFO Peter Halt sold 2,691 shares of ROVI stock on 09/04/2012 at the average price of $14.16. Peter Halt owns at least 58,757 shares after this. The price of the stock has increased by 12.78% since.

Advanced Micro Devices Inc. ( AMD ): Down 48% Since Jim Simons Bought in the Quarter Ended on 2012-06-30

Jim Simons initiated holdings in Semiconductors company Advanced Micro Devices, Inc. during the quarter ended 06/30/2012. His purchase prices were between $5.42 and $8.1, with an estimated average price of $6.7. Since then the prices of Advanced Micro Devices, Inc. shares have declined by -48% from the estimated average. Jim Simons owned 1,536,349 shares of as of 06/30/2012.

Advanced Micro Devices Inc. is a world-class company with the innovation, execution, and vision to grow our leadership position in the industry. Advanced Micro Devices Inc. has a market cap of $2.61 billion; its shares were traded at around $3.46 with a P/E ratio of 7.2 and P/S ratio of 0.4.

AMD recently announced revenue for the second quarter of 2012 of $1.41 billion, net income of $37 million, or $0.05 per share, and operating income of $77 million. The company reported non-GAAP net income of $46 million, or $0.06 per share, and non-GAAP operating income of $86 million.

Ray Dalio bought 1,514,290 shares in the quarter that ended on 06/30/2012, which is 0.13% of the $6.73 billion portfolio of Bridgewater Associates. Joel Greenblatt owns 282,579 shares as of 06/30/2012, an increase of 355.77% from the previous quarter. This position accounts for 0.12% of the $1.36 billion portfolio of Gotham Capital. George Soros sold out his holdings in the quarter that ended on 06/30/2012.

President and CEO Rory P. Read bought 8,000 shares of AMD stock on 05/17/2012 at the average price of $6.2. Rory P. Read owns at least 8,000 shares after this. The price of the stock has decreased by 44.19% since. Other insiders have also decreased their positions in the company.

New Oriental Education & Tech Group ( EDU ): Down 45% Since Jim Simons Bought in the Quarter Ended on 2012-06-30

Jim Simons initiated holdings in Specialized Consumer Services company New Oriental Education & Tech Group during the quarter ended 06/30/2012. His purchase prices were between $24.94 and $28.76, with an estimated average price of $27.04. Since then the prices of New Oriental Education & Tech Group shares have declined by -45% from the estimated average. Jim Simons owned 24,900 shares of as of 06/30/2012.

New Oriental is the largest provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence. New Oriental Education & Tech Group has a market cap of $2.2 billion; its shares were traded at around $14.8 with a P/E ratio of 16.6 and P/S ratio of 2.9. New Oriental Education & Tech Group had an annual average earnings growth of 26.4% over the past five years.

EDU recently reported its results for the fourth fiscal quarter ended May 31, 2012. Total net revenues increased by 40.7% year-over-year to US$193.3 million from US$137.4 million in the same period of the prior fiscal year.

Frank Sands owns 2,400,695 shares as of 06/30/2012, which accounts for 0.27% of the $22.04 billion portfolio of Sands Capital Management. Ron Baron owns 74,224 shares as of 06/30/2012, which accounts for 0.011% of the $15.83 billion portfolio of Baron Funds. Robert Karr owns 4,151,754 shares as of 06/30/2012, which accounts for 19.8% of the $514 million portfolio of Joho Capital. Steve Mandel owns 7,994,383 shares as of 06/30/2012, which accounts for 1.2% of the $16.97 billion portfolio of Lone Pine Capital.

Alexander & Baldwin Inc. ( ALEX ): Down 40% Since Chuck Royce Bought in the Quarter Ended on 2012-06-30

Chuck Royce initiated holdings in Business Support Services company Alexander & Baldwin Inc. during the quarter ended 06/30/2012. His purchase prices were between $47.36 and $52.86, with an estimated average price of $49.83. Since then the prices of Alexander & Baldwin Inc. shares have declined by -40% from the estimated average. Chuck Royce owned 494,700 shares of as of 06/30/2012.

Alexander & Baldwin Inc. is a real estate and land company. Alexander & Baldwin Inc. has a market cap of $1.25 billion; its shares were traded at around $29.97.

Bill Ackman bought 3,644,870 shares in the quarter that ended on 06/30/2012, which is 2.6% of the $7.59 billion portfolio of Pershing Square Capital Management LP. Whitney Tilson bought 10,922 shares in the quarter that ended on 06/30/2012, which is 0.49% of the $118 million portfolio of T2 Partners Management, LP. Meridian Funds bought 460,900 shares in the quarter that ended on 06/30/2012, which is 0.39% of the $3 billion portfolio of Meridian Fund.

Director W. Allen Doane Jr. sold 45,476 shares of ALEX stock on 09/04/2012 at the average price of $29.6. W. Allen Doane Jr. owns at least 49,352 shares after this. The price of the stock has increased by 1.25% since. Other insiders have also decreased their positions in the company.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

Referenced Stocks: ALEX , AMD , EDU , RENN , ROVI

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