Published on 19 May 2024 on Insider Monkey · via Yahoo Finance
Adyen N.V. (ADYEY) Sold off After a Business Update
Lakehouse Capital, a Sydney-based investment manager, released its “Lakehouse Global Growth Fund” April 2024 investor letter. A copy of the letter can be downloaded here. April was a busy month as many of the companies in the portfolio reported earnings. The Fund returned -4.3% net of fees and expenses for the month compared to -2.8% for its benchmark. Since its inception in December 2017, the Fund has returned 152.8% compared to 96.0% for its benchmark, the MSCI All Country World Index, Net Total Returns (AUD). As of the end of April, the Fund's largest sector allocations were to consumer discretionary (19.3%), information technology (22.6%), and communication services (27.0%). In addition, please check the fund’s top five holdings to know its best picks in 2024.
Lakehouse Global Growth Fund highlighted stocks like Adyen N.V. (OTC:ADYEY) in the April 2024 investor letter. Adyen N.V. (OTC:ADYEY) is a payment platform operator. Adyen N.V. (OTC:ADYEY) one-month return was -2.10%, and its shares lost 24.31% of their value over the last 52 weeks. On June 3, 2024, Adyen N.V. (OTC:ADYEY) stock closed at $12.82 per share with a market capitalization of $39.841 billion.