Top 5 Stock Picks of Ryan Caldwell’s Chiron Investment

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1. Netflix, Inc. (NASDAQ:NFLX)

Stake Value of Chiron Investment Management: $33,008,000

Percentage of Chiron Investment Management’s 13F Portfolio: 5.22%

Number of Hedge Fund Holders: 106

Netflix, Inc. (NASDAQ:NFLX) is an entertainment provider, serving worldwide. The company offers TV series, documentaries, and feature films across various genres and languages. This November, the company announced that it is planning on acquiring Scanline VFX, which is a company renowned for its “complex, photo-realistic effects and expertise in virtual production.” Netflix, Inc. (NASDAQ:NFLX) was founded in 1997 and is headquartered in California.

On November 15th, KeyBanc analyst Justin Patterson raised his price target on Netflix, Inc. (NASDAQ:NFLX) to $725 from $690 and reiterated an Overweight rating on the shares.

By the end of the third quarter of 2021, 106 hedge funds held stakes in Netflix, Inc. (NASDAQ:NFLX) worth $14.75 billion. This is compared to 113 positions in the second quarter, with stakes of $13.21 billion.

Ensemble Capital, an investment management firm, mentioned Netflix, Inc. (NASDAQ:NFLX) in its third-quarter 2021 investor letter. Here’s what they had to say:

Netflix stock had a disappointing first half of 2021 performance, treading water while the S&P 500 rallied, after a very strong 67% return in 2020. It benefited from the global pandemic in 2020, signing on 36.6 million new subscribers vs the typical 25 million or so it typically does. Total subscribers exceeded 200 million, up 22% over the previous year. However, in the first half of 2021, new subscriber additions slowed substantially, totaling only 5.5 million due to slower new content additions impacted by production delays, a resumption of outdoor activity as people everywhere adjusted to living with COVID, and the impact of a “pull-forward effect” on subscriber growth in last year’s very strong results. The third quarter saw new content velocity start to pick up, which is usually what drives new subscribers to the service, with expectations of an even stronger content slate going into the final quarter of the year, causing the stock to increase 15% in the quarter.”

You can also take a look at Aquamarine Capital’s Top 10 Stock Picks and 15 Best Energy Stocks to Buy Now.

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