Rule One Partners LLC grew its position in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 900.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 385,000 shares of the Internet television network’s stock after purchasing an additional 346,500 shares during the quarter. Netflix accounts for approximately 5.3% of Rule One Partners LLC’s investment portfolio, making the stock its biggest holding. Rule One Partners LLC’s holdings in Netflix were worth $36,098,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Netflix by 912.5% in the fourth quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network’s stock worth $36,567,805,000 after buying an additional 351,493,659 shares during the last quarter. Geode Capital Management LLC raised its holdings in Netflix by 892.0% in the fourth quarter. Geode Capital Management LLC now owns 99,598,678 shares of the Internet television network’s stock worth $9,305,336,000 after buying an additional 89,558,684 shares during the last quarter. Capital World Investors raised its holdings in Netflix by 859.1% in the fourth quarter. Capital World Investors now owns 89,341,444 shares of the Internet television network’s stock worth $8,376,656,000 after buying an additional 80,025,890 shares during the last quarter. Norges Bank purchased a new position in Netflix in the fourth quarter worth about $5,803,248,000. Finally, Capital Research Global Investors raised its holdings in Netflix by 800.2% in the fourth quarter. Capital Research Global Investors now owns 42,367,807 shares of the Internet television network’s stock worth $3,972,406,000 after buying an additional 37,661,365 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions 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 sale, the chief executive officer directly owned 284,804 shares of the company’s stock, valued at approximately $25,054,207.88. The trade was a 8.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Reed Hastings sold 420,550 shares of Netflix stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $95.49, for a total value of $40,158,319.50. Following the completion of the sale, the director directly owned 3,940 shares in the company, valued at $376,230.60. This trade represents a 99.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 1,313,029 shares of company stock valued at $120,315,776. 1.24% of the stock is owned by corporate insiders.
Netflix Stock Performance
Netflix (NASDAQ:NFLX – Get 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 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 previous year, the firm earned $6.61 earnings per share. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Equities analysts forecast that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.
Netflix News Roundup
Here are the key news stories impacting Netflix this week:
- Positive Sentiment: Netflix is expanding its World Cup-related programming and will launch a FIFA World Cup mobile game on Netflix Games, which could boost engagement, app usage, and subscriber retention. Netflix Leans Into World Cup With New Specials And FIFA World Cup Game
- Positive Sentiment: Coverage highlighting Netflix as one of the best blue-chip or quality growth stocks under $100 is reinforcing the bull case that the stock remains attractive despite recent underperformance. Here’s Why Netflix (NFLX) Is One of the Best Blue Chip Stocks Under $100 to Buy Now
- Positive Sentiment: Netflix is rolling out generative AI tools, including voice search and mood-based recommendations, to make its large content library easier to navigate and reduce “content overload,” which may improve user experience and engagement. Netflix Rolls Out Generative AI Tools to Fix the Content Overload Problem It Created
- Positive Sentiment: Analyst and commentary pieces are speculating about Netflix’s long-term upside, including a path toward a trillion-dollar valuation by 2030, which supports a constructive sentiment around future earnings power. Will Netflix Become a Trillion-Dollar Stock by 2030?
Analysts Set New Price Targets
A number of equities research analysts have commented on the stock. The Goldman Sachs Group upgraded shares of Netflix from a “neutral” rating to a “buy” rating in a research note on Monday, April 13th. Pivotal Research set a $96.00 price target on shares of Netflix and gave the stock a “hold” rating in a research report on Friday, April 17th. TD Cowen reiterated a “buy” rating on shares of Netflix in a research report on Thursday, May 14th. Wells Fargo & Company initiated coverage on shares of Netflix in a research report on Monday, March 9th. They issued an “equal weight” rating and a $105.00 price target for the company. Finally, Citizens Jmp reiterated a “market perform” rating on shares of Netflix in a research report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $114.82.
Check Out Our Latest Stock Analysis on NFLX
About Netflix
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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