Hedge fund manager John Thaler seems to think Netflix has been beaten up enough. He recently increased his stake to about 4M shares, or 7.6% of Netflix’s total, according to an SEC filing today from his JAT Capital Management. At the end of June he had 467,812 Netflix shares. Since then the company’s market value has fallen nearly 57%; shares closed today at $113.16, down three cents. Thaler specializes in tech and media investments. His other major holdings in media include Cablevision and IMAX.
Hedge Fund Places Big Bet On Netflix
What's Hot on Deadline
'Justice League' Lassos $185M Overseas, $279M WW; 'Thor' Rocks To $739M Global - International Box Office
'Justice League' Encounters Kryptonite At The B.O. With $93M+ Opening: Why The DC Movie Weakened - Final
'Sunday Night Football' Ratings Surge As Eagles Claw Cowboys; Trump Says NFL Should "Suspend" Marshawn Lynch