Outlook Wealth Advisors LLC Boosts Stock Position in Netflix, Inc. $NFLX

Outlook Wealth Advisors LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 880.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,473 shares of the Internet television network’s stock after acquiring an additional 6,711 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Netflix were worth $701,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Imprint Wealth LLC purchased a new position in Netflix during the 3rd quarter valued at $25,000. Bare Financial Services Inc boosted its holdings in 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 acquiring an additional 14 shares during the period. Horizon Financial Services LLC boosted its holdings in 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 acquiring an additional 24 shares during the period. Redmont Wealth Advisors LLC purchased a new position in Netflix during the 3rd quarter valued at $36,000. Finally, Promus Capital LLC purchased a new position in Netflix during the 3rd quarter valued at $48,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NFLX. Arete Research upgraded Netflix from a “neutral” rating to a “buy” rating in a report on Friday, February 27th. Barclays set a $110.00 price objective on Netflix and gave the company an “equal weight” rating in a report on Friday, April 17th. Cfra upgraded Netflix from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Friday, March 6th. HSBC upped their target price on Netflix from $106.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, April 10th. Finally, New Street Research upped their target price on Netflix from $96.00 to $102.00 in a report 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 issued a Hold rating to the stock. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $114.82.

View Our Latest Stock Analysis on NFLX

Netflix Price Performance

Shares of NFLX stock opened at $81.41 on Wednesday. Netflix, Inc. has a twelve month low of $75.01 and a twelve month high of $134.12. The stock has a market capitalization of $342.80 billion, a price-to-earnings ratio of 26.30, a P/E/G ratio of 1.05 and a beta of 1.50. The stock has a fifty day simple moving average of $91.75 and a two-hundred day simple moving average of $91.52. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43.

Netflix (NASDAQ:NFLXGet Free Report) last issued its earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.47. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The business had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.17 billion. During the same period in the prior year, the business earned $6.61 EPS. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, analysts predict that Netflix, Inc. will post 3.6 EPS for the current fiscal year.

Insider Transactions at Netflix

In other news, Director Reed Hastings sold 420,550 shares of the business’s stock in a transaction on 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 transaction, the director directly owned 3,940 shares of the company’s stock, valued at approximately $376,230.60. The trade was a 99.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Adam Neumann sold 28,630 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $98.00, for a total value of $2,805,740.00. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at approximately $7,231,126. The trade was a 27.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,313,029 shares of company stock worth $120,315,776. Company insiders own 1.24% of the company’s stock.

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Netflix 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.

Further Reading

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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