Napean Trading & Investment Co Singapore PTE Ltd boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 411.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,250 shares of the Internet television network’s stock after buying an additional 39,629 shares during the quarter. Netflix makes up approximately 0.9% of Napean Trading & Investment Co Singapore PTE Ltd’s investment portfolio, making the stock its 28th biggest holding. Napean Trading & Investment Co Singapore PTE Ltd’s holdings in Netflix were worth $4,618,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Imprint Wealth LLC purchased a new position in shares of Netflix in the 3rd quarter valued at $25,000. Bare Financial Services Inc lifted its stake in shares of Netflix by 93.3% during the 3rd quarter. Bare Financial Services Inc now owns 29 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 14 shares during the last quarter. Horizon Financial Services LLC boosted its position in Netflix by 480.0% during the third quarter. Horizon Financial Services LLC now owns 29 shares of the Internet television network’s stock valued at $35,000 after purchasing an additional 24 shares in the last quarter. Redmont Wealth Advisors LLC bought a new stake in Netflix during the third quarter valued at about $36,000. Finally, Promus Capital LLC purchased a new position in Netflix in the third quarter valued at about $48,000. Institutional investors own 80.93% of the company’s stock.
Netflix Price Performance
NFLX stock opened at $80.34 on Monday. The firm has a 50 day moving average of $90.93 and a 200 day moving average of $91.00. The stock has a market capitalization of $338.30 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 1.02 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. Netflix, Inc. has a 52 week low of $75.01 and a 52 week high of $134.12.
Insider Activity
In related news, CEO Theodore A. Sarandos sold 27,312 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $87.97, for a total value of $2,402,636.64. Following the transaction, the chief executive officer directly owned 284,804 shares of the company’s stock, valued at $25,054,207.88. This represents a 8.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Spencer Adam Neumann sold 9,253 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $88.95, for a total value of $823,054.35. Following the completion of the transaction, the chief financial officer owned 73,787 shares of the company’s stock, valued at $6,563,353.65. This trade represents a 11.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,313,029 shares of company stock valued at $120,315,776. 1.24% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of equities analysts have commented on NFLX shares. DZ Bank reiterated a “buy” rating on shares of Netflix in a report on Friday, April 17th. Barclays set a $110.00 price objective on shares of Netflix and gave the stock an “equal weight” rating in a research report on Friday, April 17th. Moffett Nathanson boosted their price objective on shares of Netflix from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Jefferies Financial Group decreased their target price on shares of Netflix from $128.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, June 10th. Finally, Arete Research raised shares of Netflix from a “neutral” rating to a “buy” rating in a report on Friday, February 27th. Two investment 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 stock. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $114.39.
Read Our Latest Stock Report on Netflix
Key Stories Impacting Netflix
Here are the key news stories impacting Netflix this week:
- Positive Sentiment: Jim Cramer said, “I want to buy Netflix,” which can reinforce the view that the recent weakness is a buying opportunity rather than a sign of deteriorating fundamentals. Jim Cramer Says “I Want to Buy Netflix”
- Positive Sentiment: Analyst-focused articles noted that Netflix has fallen sharply since its last earnings report, but Wall Street still sees meaningful upside, suggesting valuation support if growth reaccelerates. Here’s What Dragging Netflix (NFLX) Down
- Positive Sentiment: Omdia forecast Netflix could approach 400 million subscribers by 2031, reinforcing the company’s long-term leadership in global streaming and supporting the bull case for future revenue growth. Omdia: Netflix to Reach 400 Million Subscribers by 2031
- Positive Sentiment: Netflix’s new FIFA gaming partnership adds another engagement lever, which could help reduce churn and strengthen subscriber retention over time. FIFA Deal Tests How Netflix Uses Games To Deepen Subscriber Engagement
- Neutral Sentiment: Commentary that Netflix remains a “high-quality compounder back on sale” reflects a favorable long-term view, but it does not add a new near-term catalyst. Netflix: A High-Quality Compounder Back On Sale
- Neutral Sentiment: Multiple articles framed Netflix as one of the better long-term stock ideas in the media space, but these are mostly opinion pieces rather than hard business updates. Netflix (NFLX): 10 Best Stocks to Buy Now For Next 3 Months
- Negative Sentiment: A price-target cut due to a lack of fresh catalysts points to investor concern that Netflix may need a clearer near-term driver to regain momentum. Netflix Stock Gets Price-Target Cut On Lack Of Catalysts
- Negative Sentiment: The proposed Paramount Skydance/Warner Bros. Discovery deal could create a larger streaming competitor, which is one reason Netflix publicly opposed the transaction. DOJ Clears Paramount Skydance’s $110 Billion Warner Bros. Discovery Acquisition Without Conditions
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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