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@ Layer3.news
2025-05-22 18:12:21
nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqvap2usgr7nawhqexfk247ap0nfs34jqpjrxqqslrkv3rrrx8aesst3mr8r
TESLA STOCK VS. AMAZON STOCK: BILLIONAIRES BUY ONE AND SELL THE OTHER
https://s.yimg.com/ny/api/res/1.2/JocD3X1lbazVF4gXZCTS9Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD05MDA-/https://media.zenfs.com/en/motleyfool.com/b16191d74eff10d8efb826e17776bc91
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✍️ Billionaire hedge fund managers Israel Englander and Philippe Laffont bought Amazon and sold Tesla in the first quarter, and Wall Street's median target prices imply those trades are still smart choices today.
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👉 Israel Englander of Millennium Management bought 229,253 shares of Amazon, increasing his stake 5%
👉 Philippe Laffont of Coatue Management bought 83,599 shares of Amazon, increasing his stake by 1%
👉 Israel Englander sold 855,104 shares of Tesla, reducing his stake 43%
👉 Philippe Laffont sold 531,754 shares of Tesla, trimming his stake 24%
👉 Amazon's median target price of $237 per share implies 15% upside from its current share price of $206
👉 Tesla's median target price of $307 per share implies 10% downside from its current share price of $342
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#IsraelEnglander #PhilippeLaffont #ElonMusk #BrianNowak #DanIves #JohnMackey #TrevorJennewine #business
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