Published on 30 May 2024 on Insider Monkey via Yahoo Finance
Netflix (NFLX) Reported Increased Subscriber Growth in Q1
Harding Loevner, an asset management company, released its “Global Equity Strategy” first-quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund generated a 6.9% gross of fee return in the first quarter compared to an 8.3% gain for the MSCI All Country World. Despite rising bond yields, the stock market gained throughout the quarter, partly because of continued interest in the potential applications of artificial intelligence. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Harding Loevner Global Equity Strategy highlighted stocks like Netflix, Inc. (NASDAQ:NFLX), in the first quarter 2024 investor letter. Netflix, Inc. (NASDAQ:NFLX) is a streaming platform with a market capitalization of $282.076 billion. One-month return of Netflix, Inc. (NASDAQ:NFLX) was 15.83%, and its shares gained 62.38% of their value over the last 52 weeks. On May 29, 2024, Netflix, Inc. (NASDAQ:NFLX) stock closed at $654.62 per share.