Billionaire Steve Cohen Is Selling These 5 Stocks

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Below is the list of 5 stocks Steve Cohen is selling. For a detailed discussion about Steve Cohen’s investment philosophy and portfolio management strategies please see Billionaire Steve Cohen Is Selling These 10 Stocks.

5. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 60

Steve Cohen’s Point72 Asset Management initiated a stake in Oracle Corporation (NYSE:ORCL) during the September quarter of 2021 and dumped the entire stake in the December quarter. Oracle is one of many software stocks that had generated robust share price gains for investors over the past two years. The company is also one of the somewhat rare tech companies that offers dividends to shareholders, with its dividend yield currently hovering around 1.67%. 

Market analysts are showing confidence in Oracle’s future fundamentals. For instance, Monness Crespi Hardt analyst Brian White has a $126 price target for Oracle due to confidence in its cloud business. Deutsche Bank analyst Brad Zelnick predicts Oracle to grow its cloud infrastructure market share by 30% annually over the next several years.

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