From Nasdaq: 2025-02-19 05:06:00

On February 14, institutional investors filed Form 13F with the SEC to reveal their latest stock moves. Billionaire Ole Andreas Halvorsen of Viking Global Investors ended 2024 with $30.9 billion AUM, making intriguing buying and selling decisions, including exiting Tesla and doubling down on another high-flying stock.

Halvorsen sold all 436,272 shares of Tesla, worth over $114 million, in the fourth quarter. Despite Tesla’s recent successes, concerns over falling vehicle margins, Musk’s distractions, and reliance on non-innovative income sources may have influenced this decision. Halvorsen may also doubt Musk’s ability to meet future promises.

On the flip side, Halvorsen significantly increased Viking Global’s stake in Netflix during the same quarter. Netflix’s leadership in streaming, profitability, subscriber growth, and content library make it an attractive investment. The introduction of an ad-supported tier and potential stock split euphoria add to Netflix’s appeal, driving Halvorsen’s buying decisions.

Netflix’s innovative approach and strong subscriber growth are key factors driving Halvorsen’s confidence in the stock. With a history of issuing successful “Double Down” stock recommendations, Halvorsen’s move to increase Viking Global’s Netflix stake aligns with potential future growth opportunities.



Read more at Nasdaq: Billionaire Ole Andreas Halvorsen Sold Viking Global’s Entire Stake in Tesla and Is Piling Into This Potential Stock-Split Stock