5 Stocks to Buy According to Billionaire Paul Tudor Jones

2. Discovery, Inc. (NASDAQ:DISCA)

Number of Hedge Fund Holders: 42  

PE Ratio: 16.23

Discovery, Inc. (NASDAQ:DISCA) is a media company headquartered in New York. Tudor Investment Corp owned 1 million shares in Discovery, Inc. (NASDAQ:DISCA) at the end of September 2021 worth $25 million, representing 0.41% of the portfolio. 

Macquarie analyst Tim Nollen recently upgraded Discovery, Inc. (NASDAQ:DISCA) stock to Outperform from Neutral and raised the price target to $40 from $33, noting the strong growth of the streaming platform of the firm as a big upside for the shares. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm DE Shaw is a leading shareholder in Discovery, Inc. (NASDAQ:DISCA) with 4.2 million shares worth more than $103 million. 

In its Q1 2021 investor letter, Mayar Capital, an asset management firm, highlighted a few stocks and Discovery, Inc. (NASDAQ:DISCA) was one of them. Here is what the fund said:

“We also sold most of our holdings in Discovery as the stock price continued to increase to new highs. However, in late March the stock declined considerably when brokers liquidated holdings by Archegos Capital (see above in General Commentary) to satisfy margin calls. That brought the stock price down to levels that we found attractive, and we bought back a significant amount of the shares that we had sold earlier that month.”