5 Best Internet Content Stocks to Buy

In this article, we will take a look at the 5 best internet content stocks to buy. To see more such companies, go directly to 11 Best Internet Content Stocks to Buy.

5. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 117

As of the end of last year, Netflix, Inc. (NASDAQ:NFLX) has 231 million paid subscribers. Netflix, Inc. (NASDAQ:NFLX) is one of the top 50 most visited websites in the world. During the first quarter of 2023, Netflix, Inc. (NASDAQ:NFLX)’s GAAP EPS came in at $2.88, beating estimates by $0.01.

As of the end of the fourth quarter of 2022, 117 hedge funds were long Netflix, Inc. (NASDAQ:NFLX). The total worth of these hedge fund stakes was $8.1 billion. The biggest stakeholder of Netflix, Inc. (NASDAQ:NFLX) was Eagle Capital Management of Boykin Curry which owns a $1.5 billion stake.

LVS Advisory made the following comment about Netflix, Inc. (NASDAQ:NFLX) in its Q1 2023 investor letter:

“We initiated our investment in Netflix, Inc. (NASDAQ:NFLX) during the summer of 2022 (discussed in our Q3 2022 letter). Netflix was a baby thrown out with the bath water by the market last year. We found Netflix attractive because the company signaled that it would hold expenses flat while better monetizing its account base via an advertising tier and paid sharing. Despite an impeccable track record of execution, the market didn’t believe Netflix could navigate this transition. While the market now appears to buy into the expense story the market doesn’t fully appreciate the revenue growth story that will play out from the new monetization initiatives. Furthermore, the stock’s pullback during the banking crisis provided an attractive entry point for us to make Netflix an overweight position.”