Netflix, Inc. $NFLX Shares Bought by Novare Capital Management LLC

Novare Capital Management LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 1,917.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,870 shares of the Internet television network’s stock after acquiring an additional 7,480 shares during the quarter. Novare Capital Management LLC’s holdings in Netflix were worth $738,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in NFLX. First Financial Corp IN grew its stake in shares of Netflix by 900.0% in the 4th quarter. First Financial Corp IN now owns 270 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 243 shares during the last quarter. DiNuzzo Private Wealth Inc. grew its stake in shares of Netflix by 885.2% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 239 shares during the last quarter. Turning Point Benefit Group Inc. lifted 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 valued at $25,000 after buying an additional 268 shares in the last quarter. Imprint Wealth LLC purchased a new stake in Netflix during the third quarter valued at about $25,000. Finally, MB Levis & Associates LLC lifted 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 valued at $28,000 after buying an additional 192 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

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Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Several analysts reaffirmed bullish ratings and targets, citing Netflix’s expanding ad tier, strong engagement, and improving monetization outlook.
• Positive Sentiment: Netflix extended its relationship with the NFL and will stream more games, adding another high-profile live content driver that could help attract viewers and advertisers.
• Positive Sentiment: Netflix is also building out event-based programming, including its first live MMA card and a concert tour tied to KPop Demon Hunters, which reinforces its push beyond traditional streaming.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 5,722 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $88.08, for a total value of $503,993.76. Following the transaction, the insider owned 316,100 shares in the company, valued at approximately $27,842,088. This represents a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 284,804 shares in the company, valued at $25,054,207.88. This 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 a total of 1,422,769 shares of company stock valued at $135,144,073 in the last ninety days. 1.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of analyst reports. Wells Fargo & Company initiated coverage on shares of Netflix in a research note on Monday, March 9th. They set an “equal weight” rating and a $105.00 price objective for the company. Citigroup initiated coverage on shares of Netflix in a research note on Thursday, April 16th. They set a “market perform” rating for the company. Pivotal Research set a $96.00 price objective on shares of Netflix and gave the company a “hold” rating in a research note on Friday, April 17th. Guggenheim reaffirmed a “buy” rating and set a $120.00 price objective on shares of Netflix in a research note on Friday. Finally, Susquehanna raised shares of Netflix to a “positive” rating and set a $112.00 price objective for the company in a research note on Wednesday, January 21st. Two research 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 stock. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.82.

Check Out Our Latest Stock Analysis on Netflix

Netflix Trading Up 0.1%

NASDAQ:NFLX opened at $87.02 on Friday. The stock’s 50 day moving average price is $94.74 and its 200 day moving average price is $94.78. Netflix, Inc. has a 52 week low of $75.01 and a 52 week high of $134.12. The company has a market capitalization of $366.42 billion, a P/E ratio of 28.11, a P/E/G ratio of 1.10 and a beta of 1.55. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41.

Netflix (NASDAQ:NFLX – Get Free Report) last released its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.47. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The firm had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.17 billion. During the same quarter in the prior year, the company posted $6.61 earnings per share. The firm’s 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, research analysts forecast that Netflix, Inc. will post 3.6 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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