Bell Akkamn payment day was 3.4 billion dollars by selling Netflix shares before the boom: NFLX is now looking at the playback play – Netflix (NASDAQ: NFLX)

Billionaire Hedge Fund Bill Akman The decision to sell it Netflix Inc. Nflx During a rough correction in 2022, stocks became one of the most prominent lost opportunities today.

What happened: In January 2022, Akman revealed that his hedge box, Capital Management Birching SquareI bought more than a billion dollars of Netflix shares – 3.1 million shares – when they were traded by about $ 400.

The move came after Netflix decreased by more than 65 % amid concerns about slowing growth and selling the technology sector. However, the betting quickly.

By April, Netflix shares decreased more after a disappointing profit report and uncertainty surrounding the advertising subscription plans.

See also: Netflix CEO says that the direct broadcasting company “Save Hollywood” is hitting the shares of the highest levels ever ever.

Ackman came out of the position after only three months, when the stocks were trading near $ 225, losing nearly 40 %. In total, the short Netflix investment of Pershing Square cost the company of about $ 400 million.

At that time, the sale seemed wise. Netflix shares continued to slip, approaching $ 175 in the following months. But in a sudden turn, both the wider technology sector and Netflix thrived sharply. As of today, Netflix shares are traded at about $ 1096.87-amazing freshness of more than 168.085 % of the highest participation in Ackman.

If Ackman holds the position, these 3.1 million shares will now be approximately $ 3.4 billion, which turns a brief mistake into one of its most profitable trading ever.

Why is this important: Last week, Netflix Co-CEO Greg Peters Investors reassured that the company is still confident, even amid the disturbances in the market and the increasing recession concerned by a new tariff.

He went on to say that the entertainment remained a strong traditional during the economic decline, and Netflix still sees this style.

CO-CEO Ted Sarandos He added that the company focuses on factors within its control, saying: “We do not change anything in prediction.”

For the first quarter, Netflix recorded revenues of $ 10.54 billion-with an increase of 12.5 % on an annual basis-a win over Wall Street at a value of $ 10.52 billion.

Global markets have seen an increasing volatility in response to the new trade definitions presented by the President Donald Trump. S&P 500 decreased by 6.54 % on an annual basis, while NASDAQ-100 decreased by 8.40 % during the same period.

Price work: Netflix shares have increased by 23.70 % on an annual basis and increased by 94.21 % over the past 12 months, according to Benzinga Pro.

The broadcast giant holds a growth degree of 69.79 % and a momentum of 95.93, based on Banznaga shares. Click here to see how you compare to entertainment and other leading technology companies.

Netflix currently has a collective price of $ 1,082.97 from 32 analysts, with the highest goal of $ 1,514 issued by Rosenblatt on April 21. The latest classifications of Evercore Isi Group, Macquarie and Wedbush point to an average of 1,183.33 dollars, indicating 8.17 % of ascension.

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Disintegration: This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Beenzinga editors.

Compliment image: Shutterstock