5 Best Communication Stocks To Buy Now

2. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 117

Netflix, Inc. (NASDAQ:NFLX) is a movies and entertainment company operating in the communication services sector. It is based in Los Gatos, California.

Jason Bazinet at Citigroup holds a Buy rating on Netflix, Inc. (NASDAQ:NFLX) shares as of March 16.

As of this March, Netflix, Inc. (NASDAQ:NFLX) has about 230 million paid memberships on its streaming platform in over 190 countries. In 2022, the company increased its revenues to $31.6 billion, representing a growth rate of 6.5% year-over-year. According to TipRanks, analysts on Wall Street see the stock as a Moderate Buy, with 17 Buy ratings and 16 Hold ratings.

Out of the 943 hedge funds tracked in the fourth quarter, 117 funds were long Netflix, Inc. (NASDAQ:NFLX). Their total stake value was $8.1 billion.

ClearBridge Investments, an investment management company, mentioned Netflix, Inc. (NASDAQ:NFLX) in its fourth-quarter 2022 investor letter. Here’s what the firm said:

Netflix, Inc. (NASDAQ:NFLX) is another earnings reset name that has taken decisive actions, developing an ad-supported subscription tier and cracking down on password sharing, that have helped its shares rerate strongly. On an individual stock basis, positions in Broadcom, Visa, Netflix, Nike and Comcast were the leading contributors to absolute returns during the period.

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