Billionaire John Paulson’s Most Bullish Q3 Moves: Biogen (BIIB), eBay Inc. (EBAY) & More

As, Steris Plc Ordinary Shares (NYSE:STE)’s stock advanced by 6.8% during the third quarter, Paulson & Co. initiated a stake in the company and held 311,800 shares worth $22.79 million at the end of September. At the end of June, 30 funds from our database had positions in Steris worth $647 million, accounting for around 10.90% of the company’s outstanding stock. Steris reported fiscal second-quarter earnings at $0.89 per share, lagging behind street expectation of $0.90 per share, while its revenue of $646.42 million, up by 32% on the year, was $23.8 million lower than the consensus estimate. Another fund that added Steris Plc Ordinary Shares (NYSE:STE) during the third quarter, is Cliff Asness’ AQR Capital Management, which held 189,843 shares at the end of September.

eBay Inc. (NASDAQ:EBAY) is another company that captured Paulson’s attention last quarter. The fund initiated a stake between July and September, having added 628,100 shares worth $20.66 million, according to its latest 13F. Other investors that are bullish on the company include Stephen Mandel’s Lone Pine Capital and AQR Capital Management, both of which also initiated stakes containing 33.16 million shares and 11.13 million shares, respectively, during the third quarter. eBay Inc. (NASDAQ:EBAY) recently has introduced a smart personal shopping assistant ‘Shopbot’. The bot is in beta mode and being tested through Facebook messenger. The assistant will help buyers in locating appropriate products by taking their taste and budget into consideration.

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