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Is Netflix (NFLX) a Good Stock to Buy for 2021?

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Jose Karlo Mari Tottoc
·3 min read
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Blue Hawk Investment Group, an investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A return of 7.48% was recorded by the fund for the Q4 of 2020, below its S&P 500 benchmark that delivered an 11.69% return. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.

Blue Hawk Investment Group said in their Q4 letter than Netflix, Inc. (NASDAQ: NFLX) was one of the top contributors for their long book. Netflix, Inc. is a subscription streaming entertainment service that currently has a $242.6 billion market cap. For the past 3 months, NFLX delivered a decent 16.45% return and settled at $547.92 per share at the closing of February 8th.

Here is what Blue Hawk Investment Group has to say about Netflix, Inc. in their Q4 2020 investor letter:

"Netflix round out our top five. This stock we have held since inception of the fund, first buying Netflix at $142 originally in early 2017. A 4x return respectively over the four-year period."

Most Expensive Televisions In the World
Most Expensive Televisions In the World

Concept Photo/Shutterstock.com

Last month, we published an article of Ruane, Cunniff & Goldfarb’s bullish investment thesis on Netflix, Inc. (NASDAQ: NFLX). In our recent data, the company was in 104 hedge fund portfolios. Its all time high statistics is 114. NFLX delivered a 47.66% return in the past 12 months.

Our calculations show that Netflix, Inc. (NASDAQ: NFLX) ranks 18th in our list of the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 216% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 121 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

Video: Top 5 Stocks Among Hedge Funds

https://youtu.be/OgBhPDmWMtI

At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website.

Disclosure: None. This article is originally published at Insider Monkey.