5 Best Reddit Stocks To Buy Now

3. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 108

Netflix, Inc. (NASDAQ:NFLX) is an American streaming media company. The stock is gaining traction among retail investors as it has expanded its advertising business over the years. The company is exploring ways to enhance its advertising capabilities to increase revenue. It is also considering implementing “episodic” ad campaigns, allowing viewers to see related ads that avoid repetition while watching content. The company intends to use its own data to create more personalized and targeted advertising formats. In the last 24 hours, the stock got 21 mentions on r/wallstreetbets, which makes it one of the best Reddit stocks on our list.

At the end of March 31, 108 hedge funds tracked by Insider Monkey presented a bullish stance on Netflix, Inc. (NASDAQ:NFLX). The stakes owned by these hedge funds have a total value of roughly $7.5 billion.

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