Top 12 Tech Stocks to Buy According to Billionaire Ken Fisher

9. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders as of Q4: 144

Fisher Asset Management’s Equity Stake: $4.04 Billion

Netflix, Inc. (NASDAQ:NFLX), a streaming media company, delivered a record performance in the fourth quarter of 2024, reporting a 16% year-over-year revenue increase to $10.25 billion and a doubling of earnings per share to $4.27. The company added 18.91 million new subscribers during the quarter, expanding its global user base to 301.63 million. Netflix continues to benefit from its expansive content library and effective pricing strategies, and the company forecasts an additional 13% increase in revenue for 2025. Over the past decade, the company’s revenue has grown by an impressive 609%, and its market capitalization now exceeds $400 billion, reinforcing its position as a top tech stock to buy, especially as a long-term investment.

Immediately following its strong Q4 results, investor sentiment toward Netflix, Inc. (NASDAQ:NFLX) surged. Leading financial institutions reaffirmed their confidence, with J.P. Morgan maintaining a price target of $1,150 and Bernstein setting an even more bullish target of $1,200. Netflix’s disciplined cost management, including efforts to curb password sharing among users and invest selectively in high-performing content, contributed to an improvement in operating margins from 21% in 2023 to 27% in 2024. The company also reported a free cash flow of $6.9 billion for the year, with projections indicating this figure could rise to $8 billion in 2025. Netflix, Inc. (NASDAQ:NFLX)’s ability to grow its global subscriber base, maintain tight financial controls, and remain agile with content investment has positioned it for continued success amid intense competition in the streaming sector.

Institutional interest in Netflix, Inc. (NASDAQ:NFLX) has also grown substantially. According to Insider Monkey’s database, 144 hedge funds held positions in the company at the end of Q4 2024, up from 121 in Q3. The combined value of these holdings reached nearly $19.61 billion, reflecting increasing confidence among major investors in Netflix’s strategic direction and financial strength. With a powerful brand, expanding global presence, and strong financials, Netflix remains one of the most attractive assets in the entertainment and technology investment landscape.