Ackman Says Pershing Square Bought Over 3.1M Shares of Netflix (NFLX)

(Updated - January 26, 2022 5:16 PM EST)

Bill Ackman said his Pershing Square hedge fund bought over 3.1 million shares of Netflix (NASDAQ: NFLX) following the recent slide in the stock. This makes the firm a top-20 holder.

"I have long admired Reed Hastings and the remarkable company he and his team have built," Ackman said. "We are delighted that the market has presented us with this opportunity."

You May Also Be Interested In

• Ackman adds Netflix, Visa and Mastercard in portfolio revamp
• Anthropic plans IPO potentially exceeding SpaceX's $86B record - Bloomberg
• BMO Capital Reiterates Outperform Rating on Netflix (NFLX), Advertising Seen As a Key Lever