Facebook Inc. closed at a record high on Wednesday, but the stock is still one of the most under-owned of the large-cap Internet companies, according to an analysis published Wednesday by Citigroup.
In fact, the social network FB, -0.55% is the second-least-held stock, ahead of just Google Inc. GOOGL, -0.12% among a group of 10 large-cap Internet stocks that Citi says are used as a benchmark by intuitional investors for industry growth.
The most overweight stocks relative to the S&P 500 are Expedia Inc. EXPE, +0.64% TripAdvisor Inc. TRIP, +0.35% Netflix Inc. NFLX, -0.81% Priceline Group Inc. PCLN, -0.03% eBay Inc. EBAY, -0.04% Amazon.com Inc. AMZN, +0.44% and Yahoo Inc. YHOO, -1.92% according to the report, which was circulated among Citi’s clients Wednesday morning.
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