In this article, we discuss the 5 stocks to buy according to billionaire Paul Tudor Jones. If you want to read our detailed analysis of these stocks, go directly to the 10 Stocks to Buy According to Billionaire Paul Tudor Jones.
5. Equity Residential (NYSE:EQR)
Number of Hedge Fund Holders: 32
PE Ratio: 30.98
Equity Residential (NYSE:EQR) is a real estate investment trust based in Illinois. Regulatory filings show that Tudor Investment Corp owned 193,356 shares in Equity Residential (NYSE:EQR) at the end of the third quarter of 2021 worth over $15.6 million, representing 0.25% of the portfolio.
Equity Residential (NYSE:EQR) posted earnings for the third quarter in late October, reporting a revenue of $623 million, up 0.1% compared to the revenue over the same period last year and smashing expectations by more than $16 million.
At the end of the third quarter of 2021, 32 hedge funds in the database of Insider Monkey held stakes worth $558 million in Equity Residential (NYSE:EQR), up from 31 in the previous quarter worth $521 million.
4. W. P. Carey Inc. (NYSE:WPC)
Number of Hedge Fund Holders: 24
PE Ratio: 32.40
P. Carey Inc. (NYSE:WPC) operates as a diversified real estate investment trust. According to the latest data, Tudor Investment Corp owned 277,861 shares in W. P. Carey Inc. (NYSE:WPC) at the end of September 2021 worth $20.2 million, representing 0.32% of the portfolio.
In September, investment advisory RBC Capital had initiated coverage of W. P. Carey Inc. (NYSE:WPC) stock with an Outperform rating and a price target of $89, noting the firm was an “inflation play” with a unique portfolio of assets.
Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Millennium Management is a leading shareholder in W. P. Carey Inc. (NYSE:WPC) with 623,433 shares worth more than $45 million.
3. B. Riley Financial, Inc. (NASDAQ:RILY)
Number of Hedge Fund Holders: 24
PE Ratio: 4.02
Riley Financial, Inc. (NASDAQ:RILY) provides financial services and solutions. Securities filings show that Tudor Investment Corp owned 349,826 shares in B. Riley Financial, Inc. (NASDAQ:RILY) at the end of the third quarter of 2021 worth $20 million, representing 0.33% of the portfolio.
Riley Financial, Inc. (NASDAQ:RILY) has an impressive dividend history and recently declared a quarterly dividend of $1 per share, an increase of more than 100% compared to the previous dividend of $0.50 per share. The forward yield was 6.15%.
At the end of the third quarter of 2021, 24 hedge funds in the database of Insider Monkey held stakes worth $109 million in B. Riley Financial, Inc. (NASDAQ:RILY), the same as in the previous quarter worth $145 million.
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.”
1. Magellan Health, Inc. (NASDAQ:MGLN)
Number of Hedge Fund Holders: 23
PE Ratio: 8.48
Magellan Health, Inc. (NASDAQ:MGLN) provides healthcare management services. Latest securities filings reveal that Tudor Investment Corp owned 426,462 shares in Magellan Health, Inc. (NASDAQ:MGLN) at the end of the third quarter of 2021 worth $40 million.
Magellan Health, Inc. (NASDAQ:MGLN) posted earnings for the third quarter on November 3, reporting a revenue of $1.2 billion, up close to 7% compared to the revenue over the same period last year and beating estimates by $40 million.
Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Starboard Value LP is a leading shareholder in Magellan Health, Inc. (NASDAQ:MGLN) with 2.3 million shares worth more than $223 million.
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