PBU The Pension Fund of Early Childhood & Youth Educators acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 137,340 shares of the Internet television network’s stock, valued at approximately $12,877,000.
Other institutional investors have also recently made changes to their positions in the company. Imprint Wealth LLC purchased a new position in shares of Netflix during the 3rd quarter valued at $25,000. Bare Financial Services Inc lifted its position in shares of Netflix by 93.3% during the 3rd quarter. Bare Financial Services Inc now owns 29 shares of the Internet television network’s stock valued at $35,000 after buying an additional 14 shares during the last quarter. Horizon Financial Services LLC lifted its position in shares of Netflix by 480.0% during the 3rd quarter. Horizon Financial Services LLC now owns 29 shares of the Internet television network’s stock valued at $35,000 after buying an additional 24 shares during the last quarter. Redmont Wealth Advisors LLC purchased a new position in shares of Netflix during the 3rd quarter valued at $36,000. Finally, Promus Capital LLC purchased a new position in shares of Netflix during the 3rd quarter valued at $48,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.
Netflix Stock Performance
NASDAQ:NFLX opened at $82.18 on Friday. The business’s 50-day moving average price is $92.21 and its two-hundred day moving average price is $92.20. Netflix, Inc. has a twelve month low of $75.01 and a twelve month high of $134.12. The stock has a market cap of $346.04 billion, a P/E ratio of 26.54, a PEG ratio of 1.04 and a beta of 1.50. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on NFLX. China Renaissance upped their price target on Netflix from $90.00 to $100.00 and gave the company a “hold” rating in a research report on Friday, April 17th. Wedbush reissued an “outperform” rating and set a $118.00 price objective on shares of Netflix in a report on Thursday, April 16th. Bank of America reissued a “buy” rating and set a $125.00 price objective on shares of Netflix in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft increased their price objective on Netflix from $98.00 to $100.00 and gave the stock a “hold” rating in a report on Tuesday, April 14th. Finally, Evercore started coverage on Netflix in a report on Friday, February 27th. They set an “outperform” rating and a $115.00 price objective on the stock. Two 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $114.82.
Read Our Latest Report on NFLX
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 Transactions at Netflix
In other Netflix news, CEO Theodore A. Sarandos sold 27,312 shares of the firm’s 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 owned 284,804 shares of the company’s stock, valued at $25,054,207.88. This trade represents a 8.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, 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 directly owned 120,931 shares in the company, valued at approximately $10,725,370.39. The trade was a 18.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,313,029 shares of company stock worth $120,315,776. 1.24% of the stock is owned by insiders.
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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