Billionaire Izzy Englander is Selling These 5 Stocks

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1. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Holders: 75

Recently, JPMorgan listed Comcast Corporation (NASDAQ:CMCSA) as one of its top picks in the satellite sector for 2022. The firm lifted its price target on the Mississippi-based telecommunications company to $63, while maintaining an Overweight rating on the shares.

According to Insider Monkey’s data, 75 hedge funds held stakes in Comcast Corporation (NASDAQ:CMCSA) in Q3, compared with 84 in the previous quarter. These stakes hold a consolidated value of $8.54 billion. Among these hedge funds, First Eagle Investment Management was the company’s largest shareholder in Q3, holding shares worth $1.64 billion.

In Q3 2021, Millennium Management sold off its remaining stake in Comcast Corporation (NASDAQ:CMCSA), which was worth $5 million. The company reported a $50.7% year-over-year growth in its wireless revenue in Q3, driven by the growth in the customer lines and an increase in device sales.

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