FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 914.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,417 shares of the Internet television network’s stock after acquiring an additional 6,686 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Netflix were worth $695,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of NFLX. First Financial Corp IN lifted its position 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. lifted its position 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. Imprint Wealth LLC acquired a new stake in Netflix during the third quarter worth approximately $25,000. MB Levis & Associates LLC lifted its position 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. Finally, Brown Shipley& Co Ltd lifted its position in Netflix by 867.7% during the fourth quarter. Brown Shipley& Co Ltd now owns 300 shares of the Internet television network’s stock worth $28,000 after acquiring an additional 269 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.
More Netflix News
Here are the key news stories impacting Netflix this week:
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. UBS Group set a $104.00 price objective on shares of Netflix in a research report on Tuesday, January 27th. Argus cut their price objective on shares of Netflix from $141.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, January 22nd. HSBC raised their price objective on shares of Netflix from $106.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. Piper Sandler restated an “overweight” rating and set a $115.00 price objective (up from $103.00) on shares of Netflix in a research report on Friday, April 17th. Finally, China Renaissance raised their price objective 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. Two analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average target price of $114.53.
View Our Latest Research Report on NFLX
Netflix Stock Down 0.1%
NASDAQ NFLX opened at $92.37 on Monday. 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 1-year low of $75.01 and a 1-year high of $134.12. The company has a 50 day moving average of $93.60 and a 200-day moving average of $97.57. The company has a market cap of $388.94 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 1.20 and a beta of 1.67.
Netflix (NASDAQ:NFLX – Get Free Report) last released its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.47. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The company had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.17 billion. During the same period in the previous year, the business earned $6.61 earnings per share. The firm’s quarterly revenue was up 16.2% on a year-over-year basis. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, equities research analysts expect that Netflix, Inc. will post 3.53 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Reed Hastings sold 420,550 shares of Netflix stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $95.49, for a total value of $40,158,319.50. Following the transaction, the director directly owned 3,940 shares of the company’s stock, valued at $376,230.60. This trade represents a 99.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David A. Hyman sold 5,727 shares of Netflix stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $81.06, for a total transaction of $464,230.62. Following the completion of the transaction, the insider directly owned 316,100 shares in the company, valued at $25,623,066. This trade represents a 1.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,487,794 shares of company stock valued at $136,255,772 in the last quarter. Corporate insiders own 1.37% of the company’s stock.
Netflix 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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