5 Best Streaming Stocks To Buy Now

4. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Holders: 111

The Walt Disney Company (NYSE:DIS) is an entertainment giant which runs Disney+, which is one of the world’s leading streaming services with roughly 138 million subscribers. This figure has registered a growth of more than 100 million since the start of 2020, highlighting how The Walt Disney Company (NYSE:DIS) has consistently taken market share of the global streaming industry.

On May 12, Morgan Stanley analyst Benjamin Swinburne gave The Walt Disney Company (NYSE:DIS) an unchanged ‘Overweight’ rating and a price target of $170, noting that the latest quarterly results highlight the firm’s growth potential, with outperformance in Parks and streaming business Disney+. The analyst sees upside potential of more than 60% for the shares.

Investors were seen piling into The Walt Disney Company (NYSE:DIS) stock. 111 hedge funds held positions worth $6.94 billion in the firm at the close of Q4 2021. This is in comparison to 101 hedge funds with $9.41 billion worth of stakes in the firm a quarter ago. Matrix Capital Management held a $868 million stake in The Walt Disney Company (NYSE:DIS) at the end of Q1 2022, making it the firm’s largest shareholder.

Investment firm ClearBridge Investments discussed the prospects of The Walt Disney Company (NYSE:DIS) in its Q4 2021 investor letter, stating:

“The communication services sector was a weak spot in both the benchmark and the portfolio in the fourth quarter. Disney announced lower than expected streaming subscriber growth to the company’s Disney+ offering, attributable primarily to the content release schedule. Disney has been ramping up content spending given strong global response to Disney+, although production capability was temporarily impacted by COVID-19. We still believe Disney is on track to reach the subscriber outlook outlined at its December 2020 analyst day, driven by a very robust slate of content releases, particularly in the 2022–2024 time period.”