WCG Wealth Advisors LLC Purchases Shares of 202,693 Netflix, Inc. $NFLX

WCG Wealth Advisors LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, Holdings Channel.com reports. The firm purchased 202,693 shares of the Internet television network’s stock, valued at approximately $19,004,000.

Several other hedge funds have also recently modified their holdings of NFLX. Vanguard Group Inc. lifted its position in shares of Netflix by 912.5% during the 4th quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network’s stock worth $36,567,805,000 after buying an additional 351,493,659 shares in the last quarter. Geode Capital Management LLC raised its holdings in Netflix by 892.0% during the 4th quarter. Geode Capital Management LLC now owns 99,598,678 shares of the Internet television network’s stock valued at $9,305,336,000 after acquiring an additional 89,558,684 shares during the period. Norges Bank bought a new stake in Netflix during the 4th quarter valued at $5,803,248,000. Baillie Gifford & Co. raised its holdings in Netflix by 912.3% during the 4th quarter. Baillie Gifford & Co. now owns 36,940,035 shares of the Internet television network’s stock valued at $3,463,498,000 after acquiring an additional 33,290,988 shares during the period. Finally, Jennison Associates LLC raised its holdings in Netflix by 639.9% during the 4th quarter. Jennison Associates LLC now owns 34,871,951 shares of the Internet television network’s stock valued at $3,269,594,000 after acquiring an additional 30,158,900 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In related news, insider David A. Hyman sold 5,722 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $88.08, for a total transaction of $503,993.76. Following the completion of the sale, the insider owned 316,100 shares of the company’s stock, valued at $27,842,088. This trade represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Theodore A. Sarandos sold 27,312 shares of the firm’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 transaction of $2,402,636.64. Following the sale, the chief executive officer directly owned 284,804 shares of the company’s stock, valued at $25,054,207.88. This trade represents a 8.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,313,029 shares of company stock valued at $120,315,776 over the last ninety days. Corporate insiders own 1.24% of the company’s stock.

Netflix Price Performance

Shares of NFLX opened at $81.52 on Thursday. The company has a market capitalization of $343.26 billion, a P/E ratio of 26.33, a price-to-earnings-growth ratio of 1.06 and a beta of 1.50. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average of $92.59 and a 200 day moving average of $92.67. Netflix, Inc. has a twelve month low of $75.01 and a twelve month high of $134.12.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.47. The company had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the firm earned $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, equities research analysts anticipate that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is expanding beyond core streaming with live-content initiatives, including live daily streaming of The Breakfast Club, plus franchise-based consumer product deals that could add new revenue streams over time.
• Positive Sentiment: Some commentary says the pullback may make Netflix look more attractive, pointing to stronger free cash flow guidance and a scaling advertising business as longer-term supports.
• Neutral Sentiment: Analyst and media discussion is increasingly focused on whether Netflix is evolving from a pure growth story into a more mature, value-like stock, which may affect how investors price it going forward.
• Negative Sentiment: Netflix stock has been falling despite generally positive business updates, suggesting weaker investor sentiment and concerns about valuation and near-term momentum.
• Negative Sentiment: Director and co-founder Reed Hastings sold 386,700 shares in a pre-planned 10b5-1 transaction, which can weigh on sentiment even though the sale was scheduled in advance. Reed Hastings Sells 386,700 Shares of Netflix (NASDAQ:NFLX) Stock

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NFLX shares. Cfra raised shares of Netflix from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a report on Friday, March 6th. Arete Research upgraded shares of Netflix from a “neutral” rating to a “buy” rating in a research report on Friday, February 27th. The Goldman Sachs Group upgraded shares of Netflix from a “neutral” rating to a “buy” rating in a research report on Monday, April 13th. China Renaissance upped their target price on shares of Netflix from $90.00 to $100.00 and gave the stock a “hold” rating in a research report on Friday, April 17th. Finally, Guggenheim restated a “buy” rating and set a $120.00 price target on shares of Netflix in a research report on Friday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and sixteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $114.82.

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.