Published on 12 Jan 2022 on Insider Monkey via Yahoo Finance
Hedge Funds Are Selling Nasdaq, Inc. (NDAQ)
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback the hedge funds employing these talents and can benefit from their vast resources and knowledge in that way. We analyze quarterly 13F filings of nearly 900 hedge funds and, by looking at the smart money sentiment that surrounds a stock, we can determine whether it has the potential to beat the market over the long-term. Therefore, let’s take a closer look at what smart money thinks about Nasdaq, Inc. (NASDAQ:NDAQ).
Is Nasdaq, Inc. (NASDAQ:NDAQ) a bargain? The best stock pickers were in a pessimistic mood. The number of long hedge fund positions went down by 2 lately. Nasdaq, Inc. (NASDAQ:NDAQ) was in 21 hedge funds' portfolios at the end of September. The all time high for this statistic is 32. Our calculations also showed that NDAQ isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings).
At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, lithium prices have more than doubled over the past year, so we go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. With all of this in mind we're going to take a gander at the latest hedge fund action regarding Nasdaq, Inc. (NASDAQ:NDAQ).