First Command Advisory Services Inc. grew its stake in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 1,097.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,914 shares of the Internet television network’s stock after purchasing an additional 9,086 shares during the period. First Command Advisory Services Inc.’s holdings in Netflix were worth $930,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Apriem Advisors raised its stake in shares of Netflix by 0.6% during the third quarter. Apriem Advisors now owns 1,567 shares of the Internet television network’s stock valued at $1,879,000 after acquiring an additional 9 shares during the last quarter. Tortoise Investment Management LLC raised its stake in shares of Netflix by 10.8% during the third quarter. Tortoise Investment Management LLC now owns 92 shares of the Internet television network’s stock valued at $110,000 after acquiring an additional 9 shares during the last quarter. Pacific Sun Financial Corp raised its stake in shares of Netflix by 1.6% during the third quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network’s stock valued at $688,000 after acquiring an additional 9 shares during the last quarter. Brass Tax Wealth Management Inc. raised its stake in shares of Netflix by 3.2% during the third quarter. Brass Tax Wealth Management Inc. now owns 288 shares of the Internet television network’s stock valued at $345,000 after acquiring an additional 9 shares during the last quarter. Finally, Heritage Wealth Management Inc. CA raised its stake in shares of Netflix by 3.8% during the third quarter. Heritage Wealth Management Inc. CA now owns 274 shares of the Internet television network’s stock valued at $329,000 after acquiring an additional 10 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.
Netflix Trading Up 0.8%
NFLX opened at $82.18 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The stock has a market cap of $346.04 billion, a PE ratio of 26.54, a price-to-earnings-growth ratio of 1.04 and a beta of 1.50. The company has a fifty day moving average of $92.21 and a 200-day moving average of $92.20. Netflix, Inc. has a twelve month low of $75.01 and a twelve month high of $134.12.
Analyst Ratings Changes
Several research firms have recently issued reports on NFLX. Deutsche Bank Aktiengesellschaft raised their price target on shares of Netflix from $98.00 to $100.00 and gave the company a “hold” rating in a research note on Tuesday, April 14th. Pivotal Research set a $96.00 price objective on shares of Netflix and gave the stock a “hold” rating in a research report on Friday, April 17th. Oppenheimer set a $120.00 price objective on shares of Netflix and gave the stock an “outperform” rating in a research report on Friday, April 17th. Weiss Ratings upgraded shares of Netflix from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Finally, Citigroup began coverage on shares of Netflix in a research report on Thursday, April 16th. They set a “market perform” rating for the company. Two investment 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $114.82.
View Our Latest Analysis on NFLX
More Netflix News
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?
Insiders Place Their Bets
In other Netflix news, CFO Spencer Adam Neumann sold 9,253 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $88.95, for a total value of $823,054.35. Following the completion of the sale, the chief financial officer directly owned 73,787 shares in the company, valued at approximately $6,563,353.65. This trade represents a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 5,722 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $88.08, for a total transaction of $503,993.76. Following the completion of the sale, the insider owned 316,100 shares of the company’s stock, valued at $27,842,088. The trade was a 1.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 1,313,029 shares of company stock valued at $120,315,776. 1.24% of the stock is currently owned by corporate 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.
Read More
- Five stocks we like better than Netflix
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
- NVIDIA’s New Power Play: Why Fluence Is Surging
Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX – Free Report).
Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.
