5 Best Reddit Stocks To Invest In

4. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Holders: 109

The California-based mass media and entertainment conglomerate is also on our list of the 12 best Reddit stocks to invest in.

The Reddit community is impressed by the company’s ownership of the biggest catalog in entertainment through its movie, TV, and streaming projects. The launch of Disney+ and other streaming platforms has caused The Walt Disney Company (NYSE:DIS) to pull back its content from other non-related streaming services to increase its own subscriber base.

Furthermore, The Walt Disney Company (NYSE:DIS) has made impressive progress in capturing subscribers in international markets. As of June 2022, various streaming platforms offered by Disney had a subscriber count of 221.1 million as opposed to 220.7 million paid subscribers for Netflix Inc. (NASDAQ:NFLX).

Oakmark Funds discussed its outlook on The Walt Disney Company (NYSE:DIS) in its Q2 2022 investor letter. Here’s what the firm said:

“Disney (NYSE:DIS) is one of the most beloved consumer companies in the world. Its media business has a rich library of intellectual property, which provides a powerful engine for creating new content across the Disney, Pixar, Marvel, and Star Wars brands. This content also contributes to the success of Disney’s theme parks, which generated nearly half the company’s earnings and grew more than 10% annually in the decade prior to the pandemic. Shares have fallen nearly 50% over the past year as investors worried about the company’s ability to transition its media business to a direct-to-consumer streaming world. This transition has required management to make investments in its Disney+ streaming service that are depressing profitability today. However, we believe these investments will ultimately produce attractive returns as Disney+ continues to grow subscribers and increase pricing over time. As a result, we were able to purchase shares at a substantial discount to our estimate of intrinsic value.”

Arrowstreet Capital raised its stake in The Walt Disney Company (NYSE:DIS) by 73% during Q2 2022.