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Billionaire Philippe Laffont Sells Domino’s Pizza Stake
Philippe Laffont, managing Coatue Management with $35.9 billion in assets, sold his entire stake of 322,621 shares in Domino’s Pizza (NASDAQ: DPZ) during the first quarter of 2025. Laffont’s decision follows rising concerns over inflation impacting the company’s bottom line, alongside its high valuation with a forward P/E ratio fluctuating between 22 and 27.
Shift Toward Hydrogen Fuel-Cell Technology
Simultaneously, Laffont acquired 4,098,713 shares of Plug Power (NASDAQ: PLUG), a hydrogen fuel-cell company, which has surged over 60% just last week and 156% over the trailing month. H.C. Wainwright recently raised its price target for Plug Power from $3 to $7, estimating the revenue could reach $11 billion by 2035, amid increasing demand for green hydrogen solutions.
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