Global Retirement Partners LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 1,142.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 202,996 shares of the Internet television network’s stock after buying an additional 186,655 shares during the quarter. Global Retirement Partners LLC’s holdings in Netflix were worth $19,033,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of NFLX. Brighton Jones LLC lifted its position in shares of Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after buying an additional 257 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after buying an additional 144 shares during the last quarter. Sivia Capital Partners LLC lifted its position in shares of Netflix by 21.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,406 shares of the Internet television network’s stock worth $1,883,000 after buying an additional 246 shares during the last quarter. Strategic Investment Advisors MI lifted its position in shares of Netflix by 18.9% during the 2nd quarter. Strategic Investment Advisors MI now owns 774 shares of the Internet television network’s stock worth $1,036,000 after buying an additional 123 shares during the last quarter. Finally, Schnieders Capital Management LLC. raised its position in Netflix by 12.1% in the second quarter. Schnieders Capital Management LLC. now owns 2,115 shares of the Internet television network’s stock valued at $2,832,000 after purchasing an additional 228 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.
Netflix Price Performance
Netflix stock opened at $88.09 on Thursday. The company has a market capitalization of $370.93 billion, a PE ratio of 28.45, a P/E/G ratio of 1.14 and a beta of 1.55. The stock has a 50-day moving average price of $94.16 and a two-hundred day moving average price of $94.34. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43. Netflix, Inc. has a 12 month low of $75.01 and a 12 month high of $134.12.
Trending Headlines about Netflix
Here are the key news stories impacting Netflix this week:
- Positive Sentiment: Wall Street sentiment improved after Netflix’s upfront presentation, with analysts becoming more constructive on the company’s advertising outlook and monetization strategy. Netflix Sentiment Improves After Video Streamer’s Upfront Presentation
- Positive Sentiment: Bank of America said Netflix’s ad-supported tier has surpassed 250 million monthly viewers globally, signaling strong growth in the ad business as live sports and international expansion deepen engagement. Netflix ad-supported tier tops 250M monthly viewers as sports push deepens
- Positive Sentiment: New research from Omdia projects CTV ad revenue will keep growing sharply, with Netflix, Amazon, and Google expected to capture a large share of the market by 2030. Omdia: Amazon, Netflix and Google to Capture Half of $81 Billion CTV Advertising Market by 2030
- Positive Sentiment: Articles highlighted Netflix’s NFL broadcasting push, suggesting the company could use live football games to attract new subscribers and strengthen its sports offering. Why Netflix and the NFL Could Be a Perfect Match
- Positive Sentiment: Coverage also framed Netflix as a potential long-term winner, with some commentary asking whether it could become a trillion-dollar company as it scales new revenue streams. Is Netflix the Next Trillion-Dollar Company?
- Neutral Sentiment: Several articles were speculative or opinion-based pieces on Netflix’s valuation and future stock price, which add to investor debate but do not change the fundamentals by themselves. Buy, Sell or Hold Netflix at $90?
- Negative Sentiment: One story about Mackenzie Shirilla’s father claiming Netflix’s documentary “The Crash” twisted his words could raise some reputational noise, though the direct financial impact on Netflix appears limited. Mackenzie Shirilla’s Dad Says Netflix’s ‘The Crash’ Twisted His Words About Marijuana
Insider Buying and Selling
In other news, Director Reed Hastings sold 407,550 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $93.13, for a total value of $37,955,131.50. Following the completion of the sale, the director owned 3,940 shares of the company’s stock, valued at approximately $366,932.20. This represents a 99.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Theodore A. Sarandos sold 27,312 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $87.97, for a total value of $2,402,636.64. Following the completion of the sale, the chief executive officer directly owned 284,804 shares of the company’s stock, valued at approximately $25,054,207.88. The trade was a 8.75% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 1,422,769 shares of company stock valued at $135,144,073. Corporate insiders own 1.24% of the company’s stock.
Analysts Set New Price Targets
Several research firms have commented on NFLX. Cfra upgraded Netflix from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research report on Friday, March 6th. TD Cowen reiterated a “buy” rating on shares of Netflix in a research report on Thursday, May 14th. Citizens Jmp reiterated a “market perform” rating on shares of Netflix in a research report on Wednesday, April 15th. Huber Research upgraded Netflix from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, February 27th. Finally, Evercore began coverage on Netflix in a research report on Friday, February 27th. They issued an “outperform” rating and a $115.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and sixteen have given a Hold rating to the company. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.82.
Check Out Our Latest Analysis on Netflix
Netflix Company Profile
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.
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