Oprah Winfrey Stock Portfolio: 5 Companies To Consider

2. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 115    

Netflix, Inc. (NASDAQ:NFLX) provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. On October 27, Netflix and Walmart revealed that they are expanding a previously online deal for streaming show merchandise to take it into brick-and-mortar stores nationwide. Both had created a digital storefront, The Netflix Hub, and are moving into more than 2,400 Walmart stores. Oprah has partnered with the streaming giant on several occasions and also owns her own production house, called Harpo Productions, that operates as a media and entertainment firm. 

On October 25, Daiwa analyst Satoshi Tanaka upgraded Netflix, Inc. (NASDAQ:NFLX) stock to Outperform from Neutral with a price target of $330, up from $226.   

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Netflix, Inc. (NASDAQ:NFLX) with 9.4 million shares worth more than $2.2 billion. 

In its Q3 2022 investor letter, Ensemble Capital Management, an asset management firm, highlighted a few stocks and Netflix, Inc. (NASDAQ:NFLX) was one of them. Here is what the fund said:

“Netflix, Inc. (NASDAQ:NFLX) (+34.6%): After a punishing first half of the year when bearish investors came to believe that Netflix’s growth days were done for good, the company reported fewer subscriber losses than expected in the second quarter and guided for a return to at least modest subscriber growth in the third quarter. In addition, as more information about the company’s planned advertising-supported subscription tier has become available, investors began to express growing confidence in this tool to revitalize growth in 2023.”