Private Wealth Asset Management LLC Raises Stake in Netflix, Inc. $NFLX

Private Wealth Asset Management LLC raised its stake in Netflix, Inc. (NASDAQ:NFLXFree Report) by 3,093.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 14,560 shares of the Internet television network’s stock after buying an additional 14,104 shares during the period. Private Wealth Asset Management LLC’s holdings in Netflix were worth $1,365,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. BlackDiamond Wealth Management LLC grew its holdings in Netflix by 1,019.5% in the 4th quarter. BlackDiamond Wealth Management LLC now owns 8,743 shares of the Internet television network’s stock valued at $820,000 after buying an additional 7,962 shares in the last quarter. WCG Wealth Advisors LLC purchased a new stake in shares of Netflix during the 4th quarter valued at approximately $19,004,000. Goldstein Advisors LLC raised its position in shares of Netflix by 779.7% during the 4th quarter. Goldstein Advisors LLC now owns 4,636 shares of the Internet television network’s stock valued at $435,000 after buying an additional 4,109 shares during the period. Nvest Financial LLC raised its position in shares of Netflix by 1,213.2% during the 4th quarter. Nvest Financial LLC now owns 38,609 shares of the Internet television network’s stock valued at $3,620,000 after buying an additional 35,669 shares during the period. Finally, GKV Capital Management Co. Inc. raised its position in shares of Netflix by 911.6% during the 4th quarter. GKV Capital Management Co. Inc. now owns 26,980 shares of the Internet television network’s stock valued at $2,530,000 after buying an additional 24,313 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

Netflix Stock Performance

Shares of Netflix stock opened at $81.52 on Thursday. The business has a 50-day moving average of $92.59 and a 200 day moving average of $92.67. Netflix, Inc. has a 12 month low of $75.01 and a 12 month high of $134.12. The stock has a market capitalization of $343.26 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 1.06 and a beta of 1.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41.

Netflix (NASDAQ:NFLXGet Free Report) last announced its earnings results on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, beating 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 company had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.17 billion. During the same period last year, the business posted $6.61 EPS. Netflix’s revenue for the quarter was up 16.2% on a year-over-year basis. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, sell-side analysts forecast that Netflix, Inc. will post 3.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several analyst reports. Citizens Jmp reaffirmed a “market perform” rating on shares of Netflix in a research report on Wednesday, April 15th. Erste Group Bank cut Netflix from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Jefferies Financial Group lowered their price target on Netflix from $134.00 to $128.00 and set a “buy” rating for the company in a report on Friday, April 17th. Seaport Research Partners increased their price target on Netflix from $115.00 to $119.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, HSBC increased their price target on Netflix from $106.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, April 10th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $114.82.

Check Out Our Latest Research Report on Netflix

Insider Activity at Netflix

In other news, CEO Theodore A. Sarandos sold 27,312 shares of Netflix stock in a transaction dated 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 approximately $25,054,207.88. This trade represents a 8.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David A. Hyman sold 5,722 shares of Netflix stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $88.08, for a total value of $503,993.76. Following the completion of the transaction, the insider owned 316,100 shares of the company’s stock, valued at $27,842,088. The trade was a 1.78% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 1,313,029 shares of company stock worth $120,315,776 over the last ninety days. Company insiders own 1.24% of the company’s stock.

Netflix 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.

See Also

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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