Netflix, Inc. (NFLX): Carl Icahn made a massive return from stock sale
Billionaire activist Carl Icahn sold over half of his Netflix, Inc. (NASDAQ:NFLX) stake in the fourth quarter, according to a 13F securities filing. During the quarter ended December 31, 2013, Carl Icahn held 2,665,557 shares after selling 2,875,509 shares.
Icahn bought a stake in Netflix on November 19, 2012. At that time, he owned 4,291,066 shares (9.98% stake). Icahn bought the stock at $58 per share said Netflix in an 8K filing.
The stock price jumped over 436% since that time. Now Netflix is trading at $435.51.
[Source: BusinessInsider]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry