Grant Private Wealth Management Inc Buys 24,895 Shares of Netflix, Inc. $NFLX

Grant Private Wealth Management Inc boosted its position in Netflix, Inc. (NASDAQ:NFLXFree Report) by 894.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,678 shares of the Internet television network’s stock after purchasing an additional 24,895 shares during the period. Netflix comprises approximately 1.6% of Grant Private Wealth Management Inc’s portfolio, making the stock its 13th biggest holding. Grant Private Wealth Management Inc’s holdings in Netflix were worth $2,595,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NFLX. Imprint Wealth LLC purchased a new position in shares of Netflix during the 3rd quarter valued at $25,000. Retirement Wealth Solutions LLC purchased a new stake in Netflix in the 3rd quarter worth about $28,000. Steph & Co. increased its holdings in Netflix by 188.9% in the 3rd quarter. Steph & Co. now owns 26 shares of the Internet television network’s stock worth $31,000 after acquiring an additional 17 shares during the last quarter. Bare Financial Services Inc raised its stake in Netflix by 93.3% in the 3rd quarter. Bare Financial Services Inc now owns 29 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 14 shares during the period. Finally, Horizon Financial Services LLC raised its stake in Netflix by 480.0% in the 3rd quarter. Horizon Financial Services LLC now owns 29 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 24 shares during the period. 80.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NFLX has been the subject of a number of research reports. JPMorgan Chase & Co. assumed coverage on shares of Netflix in a research report on Monday, March 2nd. They set an “overweight” rating and a $120.00 target price for the company. DZ Bank reissued a “buy” rating on shares of Netflix in a research report on Friday, February 27th. BMO Capital Markets dropped their price target on shares of Netflix from $143.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 21st. Barclays assumed coverage on shares of Netflix in a report on Monday, March 2nd. They issued an “equal weight” rating and a $115.00 price objective for the company. Finally, Evercore started coverage on shares of Netflix in a report on Friday, February 27th. They set an “outperform” rating and a $115.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $114.35.

Get Our Latest Research Report on Netflix

Insider Buying and Selling

In other Netflix news, insider Cletus R. Willems sold 3,136 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $82.67, for a total value of $259,253.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Spencer Adam Neumann sold 28,630 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $97.00, for a total transaction of $2,777,110.00. Following the sale, the chief financial officer owned 73,787 shares of the company’s stock, valued at approximately $7,157,339. The trade was a 27.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,520,133 shares of company stock worth $137,259,786 in the last ninety days. 1.37% of the stock is currently owned by insiders.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

Netflix Stock Down 3.1%

Shares of NASDAQ:NFLX opened at $91.75 on Friday. The firm has a market capitalization of $387.38 billion, a PE ratio of 36.31, a price-to-earnings-growth ratio of 1.45 and a beta of 1.68. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.19. Netflix, Inc. has a 52-week low of $75.01 and a 52-week high of $134.12. The firm has a fifty day moving average of $86.82 and a 200 day moving average of $101.89.

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

Netflix Company Profile

(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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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