5 Best Media Stocks To Buy Now

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1. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 115

Netflix, Inc. (NASDAQ:NFLX) offers TV series, documentaries, feature films, and mobile games on its application and website. The company is based in Los Gatos, California. On November 15, Jessica Reif Ehrlich at Bank of America reinstated coverage of Netflix, Inc. (NASDAQ:NFLX) with a Buy rating.

For this year, EPS from Netflix, Inc. (NASDAQ:NFLX) is projected to stand at $10.37 while for the next year, the expectation is $10.67. In 2024, the company’s projected earnings are expected to rise to $13.57.

Netflix, Inc. (NASDAQ:NFLX) was found among the 13F holdings of 115 hedge funds in the third quarter, with a total stake value of $6.7 billion.

Harding Loevner, an asset management company, mentioned Netflix, Inc. (NASDAQ:NFLX) in its third-quarter 2022 investor letter. Here’s what the firm said:

“Netflix, Inc. (NASDAQ:NFLX) mustered a modest recovery as the market Allocation Effect: 0.3 mulled the potential of its new lower-priced ad-supported subscription model to drive revenue growth and reduce its dependency on continued heavy investment in content to attract and retain viewers.”

You can also take a look at 25 Richest People in the World and 10 Best Cryptocurrency Stocks To Invest In.

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