Bill Ackman’s Pershing Square Just Bought Netflix and 5 Other Stocks. Here’s What Investors Need to Know.
Key PointsPershing was able to purchase Netflix stock after a major sell-off earlier this year.
Key PointsPershing was able to purchase Netflix stock after a major sell-off earlier this year.
BELLINGS Intelligence Score: 12
Why it matters
This is routine market activity involving a well-known investor acquiring shares in established public companies, which does not materially affect credit markets or underwriting standards.
Sources
Nasdaq
Bill Ackman’s Pershing Square Just Bought Netflix and 5 Other Stocks. Here’s What Investors Need to Know.
Key PointsPershing was able to purchase Netflix stock after a major sell-off earlier this year.
TheStreet
Bill Ackman does U-turn on Netflix, makes bold claim
Bill Ackman just did something few investors expected. He bought Netflix stock again. His hedge fund, Pershing Square Capital Management, disclosed a new Netflix (NFLX) position of 3.15 million shares. The stake now makes up about 4.9% of Pershing Square's portfolio. The…
Nasdaq
Billionaire Investor Bill Ackman Just Sold Alphabet and Piled Into Another Tech Stock That's Up 65,100% Since Its IPO
Key PointsIn April, Ackman raised $5 billion of new capital for Pershing Square Capital Management.