10 Best NASDAQ Stocks to Buy According to Billionaires

7. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Funds: 144

Number of Billionaire Investors: 25

Value of Billionaire Holdings: $12,748,745,334

Netflix, Inc. (NASDAQ:NFLX) is an international entertainment service company that operates a subscription-based streaming platform. The company offers paid memberships to over 190 countries across the world, providing them with a vast library of films, television series, and documentaries.

On April 22, Sachin Mittal, an analyst from DBS, maintained the Buy rating on the stock and raised the to $1,195. The analyst noted that Netflix, Inc. (NASDAQ:NFLX) surpassed market expectations for operating profits and normalized earnings. Moreover, the subscriber growth has also been exceptional as it exceeded forecasts. This growth is aided by the introduction of ad-supported tiers which drove new subscriptions. Mittal noted that the ad-supported tiers will enhance the revenue stream for the company.

Netflix, Inc. (NASDAQ:NFLX) began fiscal 2025 with robust financial growth. The company grew its Q1 revenue by 13% and operating income by 27%, both surpassing guidance. Management noted that this growth was driven by higher subscriptions and advertisement revenue. The company has reaffirmed its full-year guidance of revenue between $43.5 billion and $44.5 billion and an operating margin of 29%. It is one of the best NASDAQ stocks to buy according to billionaires.

Harding Loevner Global Developed Markets Equity Strategy stated the following regarding Netflix, Inc. (NASDAQ:NFLX) in its Q4 2024 investor letter:

“During the quarter, we benefited from strong stocks within the Communication Services and Consumer Discretionary sectors. Netflix, Inc. (NASDAQ:NFLX) was our top relative contributor; the company provided a favorable outlook for subscriber growth in 2025 and made progress in two key areas, live TV and advertising. The streaming service broadcast its first sporting events, including two National Football League games on Christmas, and said that the ad-supported plan it launched two years ago amassed 70 million subscribers, more than investors expected.”