WD Rutherford LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 870.8% during the 4th quarter, HoldingsChannel reports. The firm owned 45,540 shares of the Internet television network’s stock after acquiring an additional 40,849 shares during the quarter. Netflix accounts for about 1.8% of WD Rutherford LLC’s investment portfolio, making the stock its 25th largest holding. WD Rutherford LLC’s holdings in Netflix were worth $4,270,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in NFLX. First Financial Corp IN increased its stake in Netflix by 900.0% during the fourth quarter. First Financial Corp IN now owns 270 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 243 shares during the last quarter. DiNuzzo Private Wealth Inc. increased its stake in Netflix by 885.2% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 239 shares during the last quarter. Turning Point Benefit Group Inc. increased its stake in Netflix by 13,400.0% during the fourth quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 268 shares during the last quarter. Imprint Wealth LLC bought a new stake in Netflix during the third quarter worth approximately $25,000. Finally, MB Levis & Associates LLC increased its stake in Netflix by 177.8% during the fourth quarter. MB Levis & Associates LLC now owns 300 shares of the Internet television network’s stock worth $28,000 after acquiring an additional 192 shares during the last quarter. 80.93% of the stock is owned by institutional investors.
Netflix Stock Performance
NFLX opened at $87.02 on Monday. The stock has a market cap of $366.42 billion, a price-to-earnings ratio of 28.11, a P/E/G ratio of 1.11 and a beta of 1.55. The stock’s 50 day moving average price is $94.74 and its 200-day moving average price is $94.67. Netflix, Inc. has a one year low of $75.01 and a one year high of $134.12. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41.
Analysts Set New Price Targets
Several brokerages have weighed in on NFLX. Freedom Capital raised Netflix from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Oppenheimer set a $120.00 price objective on Netflix and gave the stock an “outperform” rating in a research note on Friday, April 17th. TD Cowen reissued a “buy” rating on shares of Netflix in a research note on Thursday. Guggenheim reissued a “buy” rating and set a $120.00 price objective on shares of Netflix in a research note on Friday. Finally, Barclays set a $110.00 price objective on Netflix and gave the stock an “equal weight” rating in a research note on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $114.82.
Get Our Latest Stock Analysis on NFLX
Netflix News Roundup
Here are the key news stories impacting Netflix this week:
- Positive Sentiment: Citi reiterated a Buy rating on Netflix and kept a $115 price target, citing growth in the ad-supported business and strong user engagement. Citi Maintains Buy Rating on Netflix (NFLX) Stock
- Positive Sentiment: Analysts highlighted that Netflix still trades below consensus targets in the $115-$118 range, suggesting potential upside if ad growth and content execution continue to improve. Netflix (NFLX) Stock: Why Wall Street Analysts See Major Upside Ahead
- Positive Sentiment: Netflix said its ad tier has reached about 250 million ad viewers, giving the company a much larger base to monetize as advertisers increasingly value the audience, including during live NFL programming. Netflix Has 250 Million Ad Viewers. Now It Has To Prove Their Value
- Positive Sentiment: Some market commentary argues the stock looks too cheap after the recent decline, saying the business fundamentals remain solid despite the selloff. NFLX Stock Collapsed. The Fundamentals Did Not
- Neutral Sentiment: Coverage around Netflix’s Upfront presentation and management comments reinforced the company’s growth narrative, but did not point to a major new catalyst on its own. Mark Mahaney Weighs In on Netflix Stock After Upfront Event
- Negative Sentiment: Investor concern remains around whether Netflix can convert its large ad audience into premium advertising revenue, which could temper enthusiasm if monetization ramps more slowly than expected. Netflix Has 250 Million Ad Viewers. Now It Has To Prove Their Value
Insider Transactions at Netflix
In related news, CEO Gregory K. Peters sold 27,312 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $88.69, for a total value of $2,422,301.28. Following the completion of the sale, the chief executive officer owned 120,931 shares in the company, valued at approximately $10,725,370.39. The trade was a 18.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Theodore A. Sarandos sold 27,312 shares of the business’s stock in a transaction that occurred on 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 owned 284,804 shares of the company’s stock, valued at $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. Insiders have sold 1,422,769 shares of company stock valued at $135,144,073 in the last ninety days. Corporate insiders own 1.24% of the company’s stock.
About Netflix
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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