5 Best Stock to Buy in 2021 According to Billionaire D.E. Shaw

In this article we discuss the 5 best stock picks of billionaire David  Shaw for 2021. If you want to read our detailed analysis of the David Shaw’s history and a complete list of his top picks, go directly to 10 Best Buy According to Billionaire D.E. Shaw for 2021.

5. The Walt Disney Company (NYSE: DIS)

The Walt Disney Company (NYSE: DIS) is a Los  Angeles-based mass media and entertainment company founded by legendary animator Walt Disney in 1923. Most of the Disney stock is owned by large financial institutions. The company operates several film studios, theme park resorts, consumer products, several television channels, and cruises around the world. Mickey Mouse, a cartoon character created by founder Walt Disney almost a hundred years ago, is one of the most famous cartoons in the world. It is also the official mascot for Disney.

The firm has a market cap of more than $341 billion and posted more than $65 billion in revenue in October 2020. Earlier this month, New York-based independent investment banking Needham reiterated a Hold rating on Disney stock amid lowering revenue expectations for the entertainment firm. However, the investment company raised the expectations for the earnings per share on Disney stock despite falling revenues. The Walt Disney Company ranks fifth on our list of top 10 best stock picks of billionaire David E Shaw. 

At the end of the fourth quarter of 2020, 144 hedge funds out of 887 in the Insider Monkey database held stakes in Walt Disney, up from 112 out of 817 in Q3 2020. The total value of the shares held by these hedge funds in Q4 2020 was over $16 billion, up from $8 billion in the preceding quarter. As of February 2021, DE Shaw Capital Holdings held 5,743, 501 shares of Disney, with a total value of over $1.04 billion. The hedge fund holds more than 1% of the total shares in the entertainment firm.