Groupon Inc (GRPN), eBay Inc (EBAY), Sunedison Inc (SUNE): Billionaire Lee Cooperman’s Picks Edged The Market in Q1

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Next in line is eBay Inc (NASDAQ:EBAY) which rose by 2.78% in Q1. There are quite a few question marks surrounding eBay right now, which involve issues such as how much its core business be worth after the company spins off its payment arm PayPal. Investors also wonder how well PayPal will thrive in the payments space, which is getting more and more competitive with Facebook Inc (NASDAQ:FB) now jumping on the bandwagon with its Messenger. Piper Jaffray downgraded eBay Inc (NASDAQ:EBAY) to an ‘Underweight’ rating from ‘Neutral’ last month, and lowered the price target on the stock to $49 from $55 in light of the new competition brewing.

Omega held about 3.53 million shares valued at $198.07 million of the e-commerce and payment technology company. Another stockholder is the famous activist investor, Carl Icahn of Icahn Capital, who held 46.27 million shares valued at $2.60 billion as of the end of 2014.

Cooperman’s position in Sunedison Inc (NYSE:SUNE) was comprised of 9.03 million shares valued at $176.18 million at the end of 2014. The manufacturer of solar technology helped put Omega in green with 23.01% first quarter returns. Just yesterday, the company announced that it will construct three new solar power plants in southern Utah with a capacity of 262 MW. The project is scheduled to start this fall and completion is expected in 2016. David Einhorn’s Greenlight Capital is also betting on the company as it held about 24.95 million shares valued at $486.85 million at the end of the fourth quarter.

Gaming and Leisure Properties Inc (NASDAQ:GLPI)‘s 27.75% first quarter returns were the highest among the companies being discussed here. The REIT also offers a dividend yield of 5.93%. The company significantly outperformed many of its peers in the industry, which in itself was down by 5.29% over the quarter. Omega’s stake in the company amounted to 2.79 million shares valued at $81.78 million. Michael Novogratz’s Fortress Investment Group held 10.5 million shares valued at $308.09 million, according to the latest 13F filing.

Actavis plc (NYSE:ACT), which completed its takeover of Allergan last month, appreciated by 15.62% during the quarter. The company was Omega’s most valuable stock holding and consisted of just under 943,600 shares valued at $242.89 million. Among the funds that we track, billionaire Andreas Halvorsen‘s Viking Global held the highest stake with a 4.59 million share position valued at $1.18 billion at the end of 2014.

Disclosure: None

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