Mark Cuban Stock Portfolio: 5 Stocks To Buy Now

3. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 95    

Netflix, Inc. (NASDAQ:NFLX) provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. Cuban has come out in the media and outlined his bullish stance on Netflix, Inc. (NASDAQ:NFLX). In an interview to news platform CNBC, Cuban said the trends in the streaming industry favored the firm more than competitors over the long-term. 

On November 15, BofA analyst Jessica Reif Ehrlich reinstated coverage of Netflix, Inc. (NASDAQ:NFLX) stock with a Buy rating and $370 price target, noting that the company’s leading position within the still burgeoning shift towards non-linear video viewing, a strong runway for subscriber growth outside the US and upside from advertising video on demand.    

Among the hedge funds being tracked by Insider Monkey, Camas, Washington-based investment firm Fisher Asset Management is a leading shareholder in Netflix, Inc. (NASDAQ:NFLX) with 6.6 million shares worth more than $1.2 billion. 

In its Q3 2022 investor letter, Ensemble Capital Management, an asset management firm, highlighted a few stocks and Netflix, Inc. (NASDAQ:NFLX) was one of them. Here is what the fund said:

“Netflix, Inc. (NASDAQ:NFLX) (+34.6%): After a punishing first half of the year when bearish investors came to believe that Netflix’s growth days were done for good, the company reported fewer subscriber losses than expected in the second quarter and guided for a return to at least modest subscriber growth in the third quarter. In addition, as more information about the company’s planned advertising-supported subscription tier has become available, investors began to express growing confidence in this tool to revitalize growth in 2023.”