Syon Capital LLC raised its position in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 734.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 58,806 shares of the Internet television network’s stock after acquiring an additional 51,759 shares during the quarter. Syon Capital LLC’s holdings in Netflix were worth $5,514,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Apriem Advisors boosted its stake in Netflix by 0.6% in the third quarter. Apriem Advisors now owns 1,567 shares of the Internet television network’s stock valued at $1,879,000 after acquiring an additional 9 shares in the last quarter. Tortoise Investment Management LLC boosted its stake in Netflix by 10.8% in the third quarter. Tortoise Investment Management LLC now owns 92 shares of the Internet television network’s stock valued at $110,000 after acquiring an additional 9 shares in the last quarter. Brass Tax Wealth Management Inc. boosted its stake in Netflix by 3.2% in the third quarter. Brass Tax Wealth Management Inc. now owns 288 shares of the Internet television network’s stock valued at $345,000 after acquiring an additional 9 shares in the last quarter. Pacific Sun Financial Corp boosted its stake in Netflix by 1.6% in the third quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network’s stock valued at $688,000 after acquiring an additional 9 shares in the last quarter. Finally, Heritage Wealth Management Inc. CA boosted its stake in Netflix by 3.8% in the third quarter. Heritage Wealth Management Inc. CA now owns 274 shares of the Internet television network’s stock valued at $329,000 after acquiring an additional 10 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.
Netflix Trading Up 0.8%
NASDAQ NFLX opened at $82.18 on Friday. The company has a fifty day simple moving average of $92.21 and a two-hundred day simple moving average of $92.07. The stock has a market cap of $346.04 billion, a P/E ratio of 26.54, a P/E/G ratio of 1.04 and a beta of 1.50. Netflix, Inc. has a 12-month low of $75.01 and a 12-month high of $134.12. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43.
Key Headlines Impacting Netflix
Here are the key news stories impacting Netflix this week:
- Positive Sentiment: Netflix is getting a boost from reports that Canada reversed a requirement that U.S. streaming services contribute part of local revenue to Canadian content, removing a potential cost/regulatory headwind. Netflix Stock Rises After Eight-Day Losing Streak. What’s Fueling the Move.
- Positive Sentiment: Netflix is expanding AI-driven viewing tools and content discovery features, including more personalized recommendations and a voice-based interface, which could improve engagement and retention. Netflix Bets On AI Tools As Stock Trades Below Analyst Targets
- Positive Sentiment: Bernstein said Netflix’s core business remains strong, reinforcing the view that the company’s underlying growth engine is intact despite recent weakness in the stock. “Don’t Ignore This,” Bernstein Analyst Says Netflix’s (NFLX) Core Engine Remains Strong
- Positive Sentiment: Wall Street commentary remains broadly optimistic, with analysts keeping a constructive view on Netflix after its strong earnings and revenue beat last quarter. Wall Street Bulls Look Optimistic About Netflix (NFLX): Should You Buy?
Insider Activity
In related news, CFO Spencer Adam Neumann sold 28,630 shares of the firm’s 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 completion of the transaction, the chief financial officer owned 73,787 shares of the company’s stock, valued at $7,231,126. This trade represents a 27.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 27,312 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $88.69, for a total transaction of $2,422,301.28. Following the transaction, the chief executive officer directly owned 120,931 shares of the company’s stock, valued at approximately $10,725,370.39. This trade represents a 18.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,313,029 shares of company stock valued at $120,315,776 over the last quarter. Insiders own 1.24% of the company’s stock.
Analyst Ratings Changes
Several brokerages have weighed in on NFLX. China Renaissance raised their target price on shares of Netflix from $90.00 to $100.00 and gave the company a “hold” rating in a research note on Friday, April 17th. Cfra raised shares of Netflix from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Friday, March 6th. Wedbush reaffirmed an “outperform” rating and issued a $118.00 price target on shares of Netflix in a report on Thursday, April 16th. Citizens Jmp reaffirmed a “market perform” rating on shares of Netflix in a report on Wednesday, April 15th. Finally, Daiwa Securities Group raised their price target on shares of Netflix from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Two 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $114.82.
Get Our Latest Research Report on NFLX
Netflix Company 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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