Advisors Capital Boosts Netflix, Inc. (NFLX) Stake as Company Partners with Amazon Ads

Netflix, Inc. (NASDAQ:NFLX) is among the high growth mega cap stocks you can buy and hold for the next 3 years. According to the latest Form 13F filing with the SEC, Advisors Capital Management LLC has expanded its holdings in Netflix, Inc. (NASDAQ:NFLX) by 5.0% in the first quarter. With the acquisition of an additional 443 shares, the financial advisory firm now owns 9,222 shares of the company’s stock, valued at $8,600,000.

Last week, Netflix, Inc. (NASDAQ:NFLX) announced its partnership with Amazon Ads (NASDAQ:AMZN) to grant advertisers using Amazon DSP access to its ad inventory. From the United States and the United Kingdom to France, Spain, and Mexico, the offering is set out to reach various markets.

As stated by Netflix’s president of advertising, Amy Reinhard,

“This partnership with Amazon perfectly aligns with our commitment to bringing advertisers even greater flexibility in their buys to achieve their marketing goals.”

Collaborations like this underscore one thing: betting against Netflix, Inc. (NASDAQ:NFLX) isn’t wise. The streaming giant’s dominant scale, pricing power, fierce content spending, and global reach make it the clear leader in the market.

Netflix, Inc. (NASDAQ:NFLX) is a California-based entertainment services company operating in nearly 190 countries. Incorporated in 1997, the company offers television (TV) series, documentaries, feature films, and games.

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Disclosure: None.