5 Up And Coming Streaming Companies And Services

In this article, we will be taking a look at 10 up and coming streaming companies and services. To see more of these companies, you can go directly to see the 10 Up And Coming Streaming Companies And Services.

5. Comcast Corporation (NASDAQ:CMCSA) PEACOCK

Number of Hedge Fund Holders: 72

Comcast Corporation (NASDAQ:CMCSA) is a media and technology company based in Philadelphia, Pennsylvania. The company offers the Peacock streaming platform.

On April 21, Atlantic Equities analyst Hamilton Faber upgraded shares of Comcast Corporation (NASDAQ:CMCSA) from Neutral to Overweight.

Peacock, the streaming platform offered by Comcast Corporation (NASDAQ:CMCSA), is among the best streaming services available with a free tier. Alongside the free version, the premium version is also affordable, starting as low as $4.99 per month. The streaming service is a consumer favorite because it offers a range of classic TV shows, big sports events, and live WWE events.

There were 72 hedge funds long Comcast Corporation (NASDAQ:CMCSA) in the fourth quarter, with a total stake value of $3.7 billion.

ClearBridge Investments, an investment management firm, mentioned Comcast Corporation (NASDAQ:CMCSA) in its fourth-quarter 2022 investor letter. Here’s what the firm said:

“That balance served the Strategy well throughout the year, enabling outperformance against the benchmark in all four quarters. Results in the last three months were driven by a long-time media position in Comcast Corporation (NASDAQ:CMCSA), which we consider a durable compounder due to its consistent revenue growth and free cash flow generation. Comcast shares saw a snapback after a difficult first half of the year caused by cord cutting in its cable business and slowing subscriber growth in its broadband business. A flexible balance sheet and strong cash generation enabled the company to repurchase shares during the selloff earlier in the year.”

4. The Walt Disney Company (NYSE:DIS) hulu

Number of Hedge Fund Holders: 99

The Walt Disney Company (NYSE:DIS) is a diversified entertainment company. It offers notable streaming services such as Disney+ and Hulu.

Bryan Kraft, an analyst at Deutsche Bank, holds a Buy rating on The Walt Disney Company (NYSE:DIS) shares as of April 19.

The Walt Disney Company’s (NYSE:DIS) Hulu and Disney+ both start with a subscription fee of $8 per month. Hulu offers a variety of TV channels and quality original programming at affordable prices, while Disney+ is targeted at families and offers UHD resolution options for nostalgic and original shows.

The Walt Disney Company (NYSE:DIS) was found among the 13F holdings of 99 hedge funds in the fourth quarter. Their total stake value was $3.4 billion.

VGI Partners Global Investments Limited, an investment management company, mentioned The Walt Disney Company (NYSE:DIS) in its 2022 annual investor letter. Here’s what the firm said:

“The Walt Disney Company (NYSE:DIS) is a diversified media conglomerate operating media networks, theme parks, film and TV studios and direct-to-consumer streaming services. It is the global leader in theme parks with hotels and cruise lines aimed at families. Key assets within Disney are the instantly recognisable entertainment franchises that have multiple avenues of monetisation such as Mickey Mouse, Star Wars, ABC and Marvel’s Avengers.

Disney’s share price declined due to a number of factors in 2022, presenting us the chance to purchase a long-admired business and its unique collection of valuable intellectual property assets at what we consider to be a very attractive valuation. Summarily, the EPS of Disney has declined from US$7 in 2018 to ~US$2.60 in 2022 but we believe that the earnings power of the assets has not diminished to anywhere near this extent.

Disney is currently undergoing a business transition within the Media and Entertainment Distribution division (DMED) from traditional media property distribution via third parties (i.e. cinemas and broadcast networks) to a Direct-To-Consumer (DTC) model via the Disney+ streaming service. A key element of our thesis is that the earnings power of the company is currently being masked by the marketing and content investments within Disney+ and that this will normalise over the next several years. To put this in perspective, Disney+ (DTC sub-segment) currently generates operating losses of over US$3.3bn (a negative 14% operating margin) compared to operating margins at its nearest streaming competitor, Netflix, of +15.5%…” (Click here to read the full text)

3. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 117

Netflix, Inc. (NASDAQ:NFLX) is perhaps one of the most popular and well-known streaming service providers today. It is based in Los Gatos, California.

An analyst at Jefferies, Andrew Uerkwitz, holds a Buy rating on Netflix, Inc. (NASDAQ:NFLX) shares as of April 19.

Netflix, Inc. (NASDAQ:NFLX) offers a vast collection of streaming content on its online platform and application, including many Netflix original movies and TV shows. The platform offers an optimized interface and many popular shows. Its starting price for the basic plan is $9.99 per month.

In total, 117 hedge funds held stakes in Netflix, Inc. (NASDAQ:NFLX) at the end of the fourth quarter. Their total stake value was $8.1 billion.

Investment management company LVS Advisory mentioned Netflix, Inc. (NASDAQ:NFLX) in its first-quarter 2023 investor letter. Here’s what the firm said:

“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.”

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 135

Apple Inc. (NASDAQ:AAPL) is a tech giant based in Cupertino, California. It was included in the list because it owns and offers AppleTV Plus, an exceptional streaming platform.

Analysts at JPMorgan hold an Overweight rating on Apple Inc. (NASDAQ:AAPL) shares as of April 19.

AppleTV Plus offers quality streaming content with strong original programming. Apple Inc.’s (NASDAQ:AAPL) platform is also known for its collection of music documentaries, which sets it apart from other streaming services.

Our hedge fund data shows 135 funds long Apple Inc. (NASDAQ:AAPL) in the fourth quarter, with a total stake value of $136.4 billion.

Madison Investments, an investment advisor, mentioned Apple Inc. (NASDAQ:AAPL) in its first-quarter 2023 investor letter. Here’s what the firm said:

“Our underweight to Apple Inc. (NASDAQ:AAPL) was a headwind to performance during the first quarter. Apple performed well in the first quarter along with the other large cap technology stocks following a weak 2022. Despite recent supply constraints and macro-economic uncertainty, demand for Apple products remains solid. First quarter iPhone sales would have been flat if not for the supply chain issues.”

1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 240

Amazon.com, Inc. (NASDAQ:AMZN) is another tech giant on our list, based in Seattle, Washington. The company was included because of its Prime Video streaming platform.

JPMorgan analysts hold an Overweight rating on Amazon.com, Inc. (NASDAQ:AMZN) shares as of April 21.

Amazon.com, Inc.’s (NASDAQ:AMZN) Prime Video has a starting subscription fee of $139 per year. The platform offers exclusive original shows and a wide content selection for consumers.

Out of the 943 hedge funds tracked in the fourth quarter, 240 hedge funds were long Amazon.com, Inc. (NASDAQ:AMZN). Their total stake value was $27.5 billion.

Renaissance Investment Management, an investment management company, mentioned Amazon.com, Inc. (NASDAQ:AMZN) in its fourth-quarter 2022 investor letter. Here’s what the firm said:

“On the negative side, Amazon.com, Inc. (NASDAQ:AMZN) was our worst performing stock in the quarter. The company is finally seeing the consumer and enterprise weakness that other companies encountered earlier in the year. In addition, AWS growth decelerated in the third quarter, with management citing new pricing pressures as competitors look to gain market share. We found Amazon’s comments on cost controls and employee layoffs concerning, given the company’s historical propensity to invest in all macroeconomic environments. Management’s comments that the macro-economic slowdown was more sudden than expected is also concerning, especially since they do not expect an improvement in consumer trends anytime soon.”

See also 11 Best Streaming Stocks To Buy and 11 Best Communication Stocks to Buy.