Wellspring Financial Advisors LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 4,998.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,660 shares of the Internet television network’s stock after acquiring an additional 18,294 shares during the quarter. Wellspring Financial Advisors LLC’s holdings in Netflix were worth $1,750,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the stock. Zions Bancorporation National Association UT increased its stake in shares of Netflix by 973.1% in the 4th quarter. Zions Bancorporation National Association UT now owns 152,632 shares of the Internet television network’s stock valued at $14,311,000 after acquiring an additional 138,408 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in shares of Netflix by 916.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 304,862 shares of the Internet television network’s stock valued at $28,584,000 after acquiring an additional 274,873 shares in the last quarter. J.Safra Asset Management Corp increased its stake in shares of Netflix by 2,141.4% in the 4th quarter. J.Safra Asset Management Corp now owns 33,822 shares of the Internet television network’s stock valued at $3,171,000 after acquiring an additional 32,313 shares in the last quarter. GWN Securities Inc. increased its stake in shares of Netflix by 796.6% in the 4th quarter. GWN Securities Inc. now owns 4,429 shares of the Internet television network’s stock valued at $415,000 after acquiring an additional 3,935 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Netflix by 1,348.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,266,701 shares of the Internet television network’s stock valued at $118,766,000 after acquiring an additional 1,179,277 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.
Netflix Price Performance
NFLX opened at $82.00 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market capitalization of $345.29 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 1.03 and a beta of 1.50. The firm’s fifty day moving average price is $91.53 and its two-hundred day moving average price is $91.35. Netflix, Inc. has a 1 year low of $75.01 and a 1 year high of $134.12.
Wall Street Analyst Weigh In
A number of analysts have commented on NFLX shares. Citizens Jmp restated a “market perform” rating on shares of Netflix in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Netflix from $98.00 to $100.00 and gave the company a “hold” rating in a research note on Tuesday, April 14th. The Goldman Sachs Group upgraded shares of Netflix from a “neutral” rating to a “buy” rating in a research note on Monday, April 13th. Wells Fargo & Company started coverage on shares of Netflix in a research note on Monday, March 9th. They set an “equal weight” rating and a $105.00 price target for the company. Finally, Citic Securities boosted their price target on shares of Netflix from $95.00 to $107.00 and gave the company a “hold” rating in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $114.39.
Check Out Our Latest Stock Analysis on Netflix
Key Headlines Impacting Netflix
Here are the key news stories impacting Netflix this week:
- Positive Sentiment: Evercore ISI reiterated a Buy rating on Netflix and maintained a $115 price target, citing upside from the ad-supported tier and international expansion. Article Title
- Positive Sentiment: Netflix is expanding its gaming strategy, including a FIFA World Cup game available exclusively to subscribers, and is rolling out a revamped mobile app across Asia while doubling down on kids’ gaming. These moves could improve engagement and retention. Article Title
- Positive Sentiment: Several bullish commentaries argued the recent pullback in Netflix (NFLX) may be a buying opportunity, supported by rising ad revenue, strong cash flow, and continued buyback/earnings strength. Article Title
- Positive Sentiment: Reuters-linked reporting that FIFA will launch a World Cup game on Netflix Games highlights a new content-to-gaming tie-in that could deepen subscriber engagement ahead of the tournament. Article Title
- Neutral Sentiment: Paramount Skydance accused Netflix of interference in the Warner Bros. Discovery merger fight, putting Netflix in the middle of a broader industry consolidation and regulatory debate. The headline adds noise but has unclear direct financial impact. Article Title
- Negative Sentiment: Jefferies lowered its price target on Netflix from $128 to $110, saying the stock lacks near-term catalysts, even though it kept a Buy rating. Article Title
- Negative Sentiment: Another analyst note said Netflix stock has been a disappointment and that the pullback reflects investor skepticism about growth, despite potential catalysts like social-media-related engagement shifts. Article Title
Insider Activity
In other Netflix news, CFO Spencer Adam Neumann sold 28,630 shares of Netflix stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $98.00, for a total transaction of $2,805,740.00. Following the transaction, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at $7,231,126. The trade was a 27.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 27,312 shares of Netflix stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $87.97, for a total transaction of $2,402,636.64. Following the transaction, the chief executive officer directly owned 284,804 shares in the company, valued at $25,054,207.88. This represents a 8.75% decrease in their ownership of the stock. 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. Over the last ninety days, insiders sold 1,313,029 shares of company stock worth $120,315,776. Company insiders own 1.24% 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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