3 UK shares Hargreaves Lansdown investors are selling: should you sell too?

first_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Roland Head | Monday, 31st August, 2020 | More on: CINE HL SMT Image source: Getty Images Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997” Enter Your Email Address Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. 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Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. 3 UK shares Hargreaves Lansdown investors are selling: should you sell too? Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. It’s fascinating to see which UK shares other private investors are buying and selling. And trading data is sometimes a great source of ideas. But it doesn’t always pay to follow the crowd.In this piece I’m going to look at three stocks that were heavily sold last week by clients of DIY investment platform Hargreaves Lansdown (LSE: HL). Oddly enough, Hargreaves shares were on the list, so let’s start with a look at the latest from this FTSE 100 firm.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Sell Hargreaves? No thanksHargreaves Lansdown has never been a cheap share, but the firm’s performance has justified a premium rating over many years. I don’t see any obvious reason for this to change.Despite the stock market crash in March, the company traded well through the first half of 2020. Client numbers rose by 94,000 during the four months to 30 April, and by a further 44,000 in May and June.Hargreaves’ financial results backed up this growth. Assets under management rose by 5% to £104bn, despite the effects of the market crash. The group’s pre-tax profit rose by 24% to £378m last year, while the dividend was lifted 31% to 54.9p per share.The shares may seem pricey on 30 times forecast earnings. But for a business with a market-leading position and an operating profit margin of 68%, I think the price is fair. I’d rather be buying than selling.This UK share could be a box office flopCineworld Group (LSE: CINE) has been one of the biggest casualties of the lockdown. Of course, all cinema chains were affected equally in terms of closures. But Cineworld’s heavy debt load means that in my view, the business now looks quite fragile.Investors appear to agree. The Cineworld share price has fallen by more than 70% this year. One concern for me is that I feel Cineworld’s management has been a little vague about the group’s financial situation since lockdown.My analysis of the numbers that are available suggests that the company’s debt levels are unlikely to be sustainable without some kind of refinancing.Cineworld’s half-year results are due towards the end of September. These should provide a clearer picture.Until then, I’d avoid this stock. Although the cinema group’s shares may look cheap on five times forecast earnings, I don’t think they’re worth much more at the moment.US tech giants are powering this UK shareThe last stock I want to look at is a little different. Scottish Mortgage Investment Trust (LSE: SMT) sounds pretty dull and worthy. But the SMT share price has risen by more than 60% this year, thanks to the trust’s holdings in US tech giants such as Tesla, Amazon and Netflix.If that isn’t enough growth for you, SMT also holds shares in Chinese tech stars such as Tencent and Alibaba. It’s a focused portfolio that’s performed well for investors over many years. A £1,000 investment in SMT back in August 2000 would be worth £10,000 today.Can this continue? There’s no doubt that SMT has a track record of picking long-term winners from the US tech market. Although I think we’ll see a correction at some point, I wouldn’t bet against the trust’s continued growth.My view on Scottish Mortgage Investment Trust is neutral, but I’d consider selling if I needed to cash in some investments.last_img