Havemeyer Place LP Buys New Position in Netflix, Inc. $NFLX

Havemeyer Place LP bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,221 shares of the Internet television network’s stock, valued at approximately $771,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted 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 acquiring an additional 351,493,659 shares in the last quarter. Geode Capital Management LLC boosted 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 acquiring an additional 89,558,684 shares in the last quarter. Norges Bank bought a new position in Netflix in the fourth quarter worth approximately $5,803,248,000. Baillie Gifford & Co. boosted its holdings in Netflix by 912.3% in the fourth quarter. Baillie Gifford & Co. now owns 36,940,035 shares of the Internet television network’s stock worth $3,463,498,000 after acquiring an additional 33,290,988 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in Netflix by 639.9% in the fourth quarter. Jennison Associates LLC now owns 34,871,951 shares of the Internet television network’s stock worth $3,269,594,000 after acquiring an additional 30,158,900 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of Netflix stock opened at $82.64 on Tuesday. The company has a market cap of $347.98 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 1.04 and a beta of 1.50. Netflix, Inc. has a 52 week low of $75.01 and a 52 week high of $134.12. The business has a 50 day moving average price of $91.99 and a 200-day moving average price of $91.72. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data 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. The firm had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The company’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the business posted $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Equities analysts anticipate that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

NFLX has been the topic of several recent research reports. Erste Group Bank lowered Netflix from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Daiwa Securities Group increased their price target on Netflix from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Evercore initiated coverage on Netflix in a report on Friday, February 27th. They issued an “outperform” rating and a $115.00 price target on the stock. Piper Sandler reiterated an “overweight” rating and issued a $115.00 price target (up from $103.00) on shares of Netflix in a report on Friday, April 17th. Finally, Phillip Securities increased their price target on Netflix from $100.00 to $110.00 in a report on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.82.

Key Netflix News

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?

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 5,722 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $88.08, for a total value of $503,993.76. Following the completion of the sale, the insider directly owned 316,100 shares of the company’s stock, valued at $27,842,088. This represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Reed Hastings sold 386,700 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $85.97, for a total value of $33,244,599.00. Following the completion of the sale, the director directly owned 3,940 shares of the company’s stock, valued at approximately $338,721.80. This trade represents a 98.99% 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. Over the last quarter, insiders sold 1,313,029 shares of company stock valued at $120,315,776. Corporate 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.