Mitchell Capital Management Co. Raises Stake in Netflix, Inc. $NFLX

Mitchell Capital Management Co. boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 387.5% during the 4th quarter, HoldingsChannel reports. The firm owned 28,753 shares of the Internet television network’s stock after purchasing an additional 22,855 shares during the period. Mitchell Capital Management Co.’s holdings in Netflix were worth $2,696,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Imprint Wealth LLC purchased a new position in Netflix during the 3rd quarter worth $25,000. Bare Financial Services Inc raised its stake in shares of Netflix by 93.3% during the third 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 raised its stake in shares of Netflix by 480.0% during the third quarter. Horizon Financial Services LLC now owns 29 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 24 shares during the last quarter. Redmont Wealth Advisors LLC purchased a new stake in shares of Netflix during the third quarter worth approximately $36,000. Finally, Promus Capital LLC purchased a new stake in shares of Netflix during the third quarter worth approximately $48,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Down 0.4%

NFLX stock opened at $86.02 on Friday. Netflix, Inc. has a one year low of $75.01 and a one year high of $134.12. The stock has a market capitalization of $362.21 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 1.09 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. The company has a fifty day moving average of $93.12 and a 200-day moving average of $93.14.

Netflix (NASDAQ:NFLXGet Free Report) last released its earnings results on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $12.17 billion. During the same quarter last year, the business earned $6.61 EPS. The business’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. As a group, analysts expect that Netflix, Inc. will post 3.6 EPS for the current year.

Insider Transactions at Netflix

In related news, CEO Gregory K. Peters sold 27,312 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $88.69, for a total value of $2,422,301.28. Following the completion of the sale, the chief executive officer owned 120,931 shares in the company, valued at $10,725,370.39. This trade represents a 18.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Spencer Adam Neumann sold 9,253 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $88.95, for a total transaction of $823,054.35. Following the completion of the sale, 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 three months, insiders have sold 1,365,509 shares of company stock valued at $129,675,743. 1.24% of the stock is owned by company insiders.

Trending Headlines about Netflix

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Analysts Set New Price Targets

Several equities research analysts have recently commented on NFLX shares. Evercore started coverage on Netflix in a research note on Friday, February 27th. They set an “outperform” rating and a $115.00 price target for the company. Daiwa Securities Group upped their price target on Netflix from $97.00 to $102.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. TD Cowen restated a “buy” rating on shares of Netflix in a research note on Thursday, May 14th. Wolfe Research restated an “outperform” rating and issued a $107.00 target price on shares of Netflix in a research note on Friday, April 17th. Finally, DZ Bank restated a “buy” rating on shares of Netflix in a research note on Friday, April 17th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and sixteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $114.82.

Read Our Latest Stock Analysis on NFLX

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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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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