Legacy Capital Wealth Partners LLC Purchases 11,530 Shares of Netflix, Inc. $NFLX

Legacy Capital Wealth Partners LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 1,012.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,669 shares of the Internet television network’s stock after acquiring an additional 11,530 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Netflix were worth $1,188,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NFLX. Nordea Investment Management AB boosted its holdings in Netflix by 886.6% during the fourth quarter. Nordea Investment Management AB now owns 9,667,997 shares of the Internet television network’s stock worth $902,798,000 after purchasing an additional 8,688,113 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Netflix by 983.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 6,234,314 shares of the Internet television network’s stock valued at $584,529,000 after buying an additional 5,658,740 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Netflix by 870.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,014,717 shares of the Internet television network’s stock valued at $274,309,000 after buying an additional 2,703,997 shares during the last quarter. Sarasin & Partners LLP lifted its position in Netflix by 2,758.1% during the 4th quarter. Sarasin & Partners LLP now owns 2,361,663 shares of the Internet television network’s stock worth $221,430,000 after buying an additional 2,279,032 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Netflix by 456.5% during the 4th quarter. SG Americas Securities LLC now owns 1,890,836 shares of the Internet television network’s stock worth $177,285,000 after buying an additional 1,551,086 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Canaccord Genuity Group set a $125.00 price objective on Netflix and gave the company a “buy” rating in a report on Wednesday, January 21st. Freedom Capital upgraded Netflix from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Loop Capital set a $104.00 price target on Netflix in a research note on Tuesday, January 27th. Phillip Securities upgraded Netflix from a “sell” rating to a “moderate buy” rating and raised their price target for the company from $95.00 to $100.00 in a research note on Monday, January 26th. Finally, Pivotal Research dropped their price objective on Netflix from $105.00 to $95.00 and set a “hold” rating on the stock in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $114.57.

View Our Latest Stock Analysis on Netflix

Key Netflix News

Here are the key news stories impacting Netflix this week:

Insider Activity at Netflix

In other Netflix news, CEO Gregory K. Peters sold 105,781 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $82.94, for a total transaction of $8,773,476.14. Following the completion of the sale, the chief executive officer owned 122,140 shares of the company’s stock, valued at $10,130,291.60. This trade represents a 46.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David A. Hyman sold 23,439 shares of the firm’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $88.11, for a total value of $2,065,210.29. Following the sale, the insider directly owned 316,100 shares of the company’s stock, valued at $27,851,571. This represents a 6.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,520,133 shares of company stock worth $137,259,786 in the last three months. 1.37% of the stock is owned by company insiders.

Netflix Trading Down 0.6%

Shares of NASDAQ:NFLX opened at $95.55 on Thursday. Netflix, Inc. has a 52-week low of $75.01 and a 52-week high of $134.12. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market capitalization of $403.43 billion, a P/E ratio of 37.81, a price-to-earnings-growth ratio of 1.46 and a beta of 1.67. The company has a 50-day simple moving average of $87.73 and a 200 day simple moving average of $100.01.

Netflix (NASDAQ:NFLXGet Free Report) last announced its quarterly earnings results on Tuesday, January 20th. The Internet television network reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The firm had revenue of $12.05 billion for the quarter, compared to the consensus estimate of $11.97 billion. Netflix had a return on equity of 43.26% and a net margin of 24.30%.The business’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 earnings per share. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. Sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

About Netflix

(Free Report)

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

See Also

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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