Below we presented the list of 5 Best Aggressive Stocks to Buy Now. For our detailed discussion and a more comprehensive list please see 10 Best Aggressive Stocks to Buy Now.
5. Netflix, Inc. (NASDAQ:NFLX)
No of HFs: 104
Total Value of HF Holdings: $12.8 Billion
The top hedge fund holder of this stock is Ken Griffin’s Citadel Investment Group which had $2.73 billion invested in the stock at the end of September. An insider purchased 300 shares at around $310 in August 2019. The stock is up 61% since then. In an article, Tidefall Capital Management LP, mentioned NFLX in their Q3 2020 investor letter.
“In late February, Netflix introduced a Top 10 row to its user interface. Although a simple change, it eliminated the paradox of choice for users and greatly diminished the common complaint that “there’s nothing good on Netflix”. The global distribution that Netflix is able to offer creators is unprecedented, unrivaled and allows for a massive flywheel effect. Netflix only has a slight lead in subscribers over Amazon Prime, but nearly five times the engagement. The Top 10 list is creating a global ‘water cooler’ effect; if you want to be a part of the conversation, you must have Netflix.
Valuation is a sticking point for many investors on Netflix. However, it’s important to remember that founder Reed Hastings is playing a longer game than the hired executives at many of the new streaming competitors. At $13 per month, with 2.5 hours per day of viewership, over two accounts, the cost of Netflix is less than 9 cents per hour.”