5 Up And Coming Streaming Companies And Services

3. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 117

Netflix, Inc. (NASDAQ:NFLX) is perhaps one of the most popular and well-known streaming service providers today. It is based in Los Gatos, California.

An analyst at Jefferies, Andrew Uerkwitz, holds a Buy rating on Netflix, Inc. (NASDAQ:NFLX) shares as of April 19.

Netflix, Inc. (NASDAQ:NFLX) offers a vast collection of streaming content on its online platform and application, including many Netflix original movies and TV shows. The platform offers an optimized interface and many popular shows. Its starting price for the basic plan is $9.99 per month.

In total, 117 hedge funds held stakes in Netflix, Inc. (NASDAQ:NFLX) at the end of the fourth quarter. Their total stake value was $8.1 billion.

Investment management company LVS Advisory mentioned Netflix, Inc. (NASDAQ:NFLX) in its first-quarter 2023 investor letter. Here’s what the firm said:

“We initiated our investment in Netflix, Inc. (NASDAQ:NFLX) during the summer of 2022 (discussed in our Q3 2022 letter). Netflix was a baby thrown out with the bath water by the market last year. We found Netflix attractive because the company signaled that it would hold expenses flat while better monetizing its account base via an advertising tier and paid sharing. Despite an impeccable track record of execution, the market didn’t believe Netflix could navigate this transition. While the market now appears to buy into the expense story the market doesn’t fully appreciate the revenue growth story that will play out from the new monetization initiatives. Furthermore, the stock’s pullback during the banking crisis provided an attractive entry point for us to make Netflix an overweight position.”

Follow Netflix Inc (NASDAQ:NFLX)