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Third Quarter Favorites for Hedge Funds: PayPal and Netflix
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 […]
Cooperman and Icahn Agree that eBay Should Spinoff PayPal
In a rare moment of agreement, Leon Cooperman, CEO of Omega Advisors hedge fund; and iconic investor Carl Icahn, agreed that the best thing for eBay to do at the moment would be to spin off its PayPal online payment business. “I give Carl a lot of credit for taking the time and showing the […]