5 Biggest Companies Behind Upcoming Movies and TV Shows

4. Netflix, Inc. (NASDAQ: NFLX)

Number of Hedge Fund Holders: 116

Netflix, Inc. (NASDAQ: NFLX) is one of the biggest companies behind upcoming movie and T.V. shows. The California-based video entertainment company began with DVD and Blu-Ray rental services in 1997 before abandoning the disks in favor of online streaming. Following a 200 million paying subscription peak in the fourth quarter of 2020, the video streaming giant is estimating 6 million new user additions in the first quarter of 2021, the lowest first-quarter increase since 2017, as stay-at-home constraints ease and new entrants jump in the market. Netflix has ordered two more seasons of “Bridgerton,” the period drama that drew 83 million viewers in its first month on the service. It has signed a groundbreaking deal with Sony Pictures to be the first streaming service to screen films like “Spider-Man” and “Jumanji” after they hit theaters. 

The company has a market cap of $242 billion and total revenue of $25 billion in 2020. On April 1st, Piper Sandler analysts have given Netflix an Overweight ranking with a target price of $ 605. The stock has gained 25% in the last twelve months. 

There were 116 hedge funds that reported owning stakes in Netflix, Inc. (NASDAQ: NFLX) at the end of the fourth quarter, up from 104 funds a quarter earlier. The total value of these stakes at the end of Q4 is $15.6 billion.

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