The third quarter 13F filings revealed that several high-profile hedge fund managers have increased their stakes in the media company Netflix and the financial services company PayPal. Viking Global investors bought 4.5 million additional shares of Netflix and Tiger Global Management purchased 15.43 million shares for a grand total of 18 million. Soros has bets …
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A well-known investment banking company took a look at 708 hedge funds to see how they compare with the performance of the S&P 500. Not so surprisingly, all those funds taken together gained on average 4 percent, while the S&P climbed up by a juicy 20 percent. The 708 funds represented about $1.5 trillion in …
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A Deutsche Bank upgrade recently boosted technology stocks via semiconductor shares. Netflix Inc. shares also jumped, increasing to 13.8% and closing at $98.18, supporting hedge fund manager Whitney Tilson’s statement regarding the company as a top buyout target. Netflix’s stocks rose after the business released its streaming video service in Ireland and the UK. Ross …
Continue reading “Technology Stocks See Gains after Deutsche Bank’s Upgrade”