Carl Icahn Halves His Stake In Netflix After Making 457% Return, Thanks Kevin Spacey And Others

Carl Icahn reduced his stake in Netflix to 4.5%, according to a 13D filing.

The activist investor cited recent gains in the stock for reducing his stake in the company, which was previously 9.98%, and said its remains "significantly undervalued."

Icahn took a position in the company when it was trading at $58 per share. Today, the stock closed at $322.52, up about 457% from his initial purchase price.

In a tweet, Icahn thanked Kevin Spacey - the star of Netflix's hit original series, House of Cards - and others:

Sold block of NFLX today. Wish to thank Reed Hastings, Ted Sarandos, NFLX team, and last but not least Kevin Spacey: http://t.co/BRWpKOBfD2

- Carl Icahn (@Carl_C_Icahn) October 22, 2013

Shares are down more than 2% in after-hours trading.