Hartford Funds Management Co LLC Raises Stake in Netflix, Inc. $NFLX

Hartford Funds Management Co LLC raised its position in Netflix, Inc. (NASDAQ:NFLX) by 70.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,969 shares of the Internet television network’s stock after purchasing an additional 8,669 shares during the period. Netflix accounts for 0.2% of Hartford Funds Management Co LLC’s investment portfolio, making the stock its 29th largest holding. Hartford Funds Management Co LLC’s holdings in Netflix were worth $2,016,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Avantax Planning Partners Inc. grew its stake in shares of Netflix by 31.9% during the first quarter. Avantax Planning Partners Inc. now owns 21,315 shares of the Internet television network’s stock worth $2,049,000 after purchasing an additional 5,157 shares in the last quarter. Canal Insurance CO purchased a new position in shares of Netflix in the 1st quarter valued at about $962,000. Beckerman Institutional LLC acquired a new stake in shares of Netflix during the 1st quarter worth about $210,000. Calamos Wealth Management LLC raised its position in shares of Netflix by 2.4% during the 1st quarter. Calamos Wealth Management LLC now owns 275,434 shares of the Internet television network’s stock worth $26,483,000 after acquiring an additional 6,407 shares in the last quarter. Finally, AMG National Trust Bank raised its position in shares of Netflix by 14.8% during the 1st quarter. AMG National Trust Bank now owns 24,311 shares of the Internet television network’s stock worth $2,338,000 after acquiring an additional 3,141 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Up 0.6%

Shares of Netflix stock opened at $73.83 on Tuesday. Netflix, Inc. has a one year low of $70.86 and a one year high of $127.75. The company has a market cap of $310.88 billion, a P/E ratio of 23.85, a PEG ratio of 0.93 and a beta of 1.52. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a fifty day moving average of $81.38 and a two-hundred day moving average of $87.45.

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

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Several analysts remain constructive on Netflix heading into earnings, with TD Cowen, JPMorgan, Wedbush and others pointing to solid profit growth, expanding ad revenue, better ad pricing and stronger content in the second half of the year. Article Title
• Positive Sentiment: Options traders are betting on a comeback quarter, suggesting some market participants expect Netflix to beat subdued expectations after the stock’s sharp decline and low valuation. Article Title
• Positive Sentiment: Retail and value investors appear to be rotating back into NFLX because the shares have dropped to multi-year lows, making the stock look cheaper relative to growth and free-cash-flow potential. Article Title
• Neutral Sentiment: Netflix also announced an exclusive live stream of MLB’s Home Run Derby, reinforcing its push into live sports and event programming, but the near-term stock impact is likely limited unless it shows broader engagement benefits. Article Title
• Negative Sentiment: Some firms, including KeyBanc and Oppenheimer, trimmed price targets and warned the Q2 report may be only “largely in line,” reflecting lingering concerns about subscriber engagement, content costs and whether advertising can offset weaker sentiment. Article Title
• Negative Sentiment: Multiple reports note that NFLX has fallen sharply from recent highs and that Wall Street expects a tough quarter, so expectations remain fragile and the stock could swing if results or guidance disappoint. Article Title

Insider Buying and Selling at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 27,312 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer owned 284,804 shares in the company, valued at approximately $25,054,207.88. This represents a 8.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 business’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 sale, the chief executive officer owned 120,931 shares in the company, valued at $10,725,370.39. The trade was a 18.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 899,839 shares of company stock worth $80,141,661. 1.24% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on NFLX. Erste Group Bank downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Guggenheim reissued a “buy” rating and issued a $120.00 target price on shares of Netflix in a report on Friday, May 15th. The Goldman Sachs Group cut Netflix from a “neutral” rating to an “underweight” rating in a research report on Thursday, June 18th. Oppenheimer dropped their price target on Netflix from $120.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of Netflix in a research report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.51.

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.