Nightview Capital, an investment management company, that concentrates exclusively on publicly traded equity strategies, released its fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. This letter highlights five transformative trends that the firm is observing for 2025 and beyond, along with a review of key companies in the portfolio and how the portfolio is evolving in response to these trends. For more information on the fund’s top picks in 2024, please check its top five holdings.
In its fourth quarter 2024 investor letter, Nightview Capital emphasized stocks such as Netflix, Inc. (NASDAQ:NFLX). Netflix, Inc. (NASDAQ:NFLX) is a streaming platform. The one-month return Netflix, Inc. (NASDAQ:NFLX) was 0.22%, and its shares gained 55.64% of their value over the last 52 weeks. On March 24, 2025, Netflix, Inc. (NASDAQ:NFLX) stock closed at $971.99 per share with a market capitalization of $415.776 billion.
Nightview Capital stated the following regarding Netflix, Inc. (NASDAQ:NFLX) in its Q4 2024 investor letter:
“Core Opportunity: Netflix, Inc. (NASDAQ:NFLX) has cemented its position as the global leader in streaming while rapidly expanding into advertising and live events. With consumer spend across its regions at only 6-7% penetration, we believe the company has continued runway for growth.
Competitive Advantage: Operational Excellence: In the latest quarter, Netflix reported 15% YoY revenue growth to $9.8 billion and a 52% increase in EBIT to $2.9 billion, and as we have discussed for years, the promise of operating leverage has shown up dramatically
Subscriber Growth: Netflix added -22.5 million net new subscribers globally in the first three quarters of 2024, maintaining engagement levels of two hours per day per member-a remarkable achievement in a competitive market…” (Click here to read the full text)
A home theater with family members enjoying streaming content together.
Netflix, Inc. (NASDAQ:NFLX) is in 14th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 144 hedge fund portfolios held Netflix, Inc. (NASDAQ:NFLX) at the end of the fourth quarter compared to 121 in the third quarter. While we acknowledge the potential of Netflix, Inc. (NASDAQ:NFLX) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
In another article, we discussed Netflix, Inc. (NASDAQ:NFLX) and shared Guinness Global Innovators’ views on the company. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.