Billionaires Can’t Live Without These 10 Stocks

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  1. eBay Inc (NASDAQ:EBAY)
  • Billionaires with Long Positions (as of June 30): 21
  • Aggregate Value of Billionaires’ Holdings (as of June 30): $6.98 billion

eBay Inc (NASDAQ:EBAY) surprisingly landed at the top of billionaires’ list in terms of tech stocks, supplanting Google. Four more billionaire investors held the stock in their portfolios, a rather interesting development given its pending (at the time) spinoff of Paypal Holdings Inc (NASDAQ:PYPL). However, their collective holdings did decline in value by about $317 million while eBay’s shares were up slightly during that time, so the sentiment was not overly positive. There are a lot of concerns over eBay Inc (NASDAQ:EBAY)’s growth now, as its PayPal division was long its strongest component. User growth is slowing, up by just 5% in the second quarter from 14% gains a year ago. Auction listing sales are also plummeting as eBay continues to seemingly morph into just another marketplace overcrowded with common, bulk items. Carl Icahn and Daniel Och hold large positions in eBay, with Icahn’s valued at over $2.78 billion.

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