5 Best Stocks to Buy According to Anand Desai’s Darsana Capital

1. The New York Times Company (NYSE:NYT)

Darsana Capital Stake Value: $418,795,000
Percentage of Darsana Capital’s 13F Portfolio: 13.79%
Number of Hedge Fund Holders: 45

The New York Times Company (NYSE:NYT) is a media company that creates, collects, and distributes news and information. The New York Times Company (NYSE:NYT) was downgraded from “Outperform” to “Peer Perform” in December, with a price target of $50, down from $54, according to Wolfe Research analyst John Janedis, due to mid-term investments and a particularly unfavourable mix on dropping print advertising.

The New York Times Co. (NYSE:NYT) agreed to pay $550 million for the sports subscription site The Athletic, bringing the company closer to its long-term subscriber goals while reinforcing a vital journalism sector.

By the end of the third quarter of 2021, 45 hedge funds out of the 867 tracked by Insider Monkey held stakes in The New York Times Co. (NYSE:NYT), worth roughly $2.43 billion. In the preceding quarter, there were 48 hedge funds with a total stake value of about $2.22 billion. 

You can also take a peek at 13 Best Cloud Stocks To Buy Now and 10 Best Stocks To Buy According To Terry Smith’s Fundsmith LLP 

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