Gabelli Funds LLC Buys 699,293 Shares of Netflix, Inc. $NFLX

Gabelli Funds LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 937.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 773,899 shares of the Internet television network’s stock after purchasing an additional 699,293 shares during the quarter. Gabelli Funds LLC’s holdings in Netflix were worth $72,561,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. RiverFront Investment Group LLC boosted its stake in Netflix by 944.1% in the fourth quarter. RiverFront Investment Group LLC now owns 15,850 shares of the Internet television network’s stock valued at $1,486,000 after acquiring an additional 14,332 shares during the last quarter. Sapient Capital LLC boosted its stake in Netflix by 894.6% in the fourth quarter. Sapient Capital LLC now owns 832,128 shares of the Internet television network’s stock valued at $78,036,000 after acquiring an additional 748,467 shares during the last quarter. Reik & CO. LLC boosted its stake in Netflix by 867.9% in the fourth quarter. Reik & CO. LLC now owns 115,596 shares of the Internet television network’s stock valued at $10,838,000 after acquiring an additional 103,653 shares during the last quarter. North Dakota State Investment Board bought a new position in Netflix in the fourth quarter valued at approximately $13,626,000. Finally, Elyxium Wealth LLC boosted its stake in Netflix by 923.2% in the fourth quarter. Elyxium Wealth LLC now owns 16,146 shares of the Internet television network’s stock valued at $1,514,000 after acquiring an additional 14,568 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NFLX shares. Weiss Ratings raised shares of Netflix from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Bank of America reduced their price objective on shares of Netflix from $149.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. DZ Bank reaffirmed a “buy” rating on shares of Netflix in a research note on Friday, April 17th. Morgan Stanley reiterated an “overweight” rating on shares of Netflix in a report on Friday, April 17th. Finally, Freedom Capital upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Two equities 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $114.82.

Insiders Place Their Bets

In related news, Director Reed Hastings sold 407,550 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $93.13, for a total value of $37,955,131.50. Following the sale, the director directly owned 3,940 shares of the company’s stock, valued at approximately $366,932.20. The trade was a 99.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Adam Neumann sold 9,253 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $88.95, for a total transaction of $823,054.35. Following the completion of the sale, the chief financial officer directly owned 73,787 shares in the company, valued at $6,563,353.65. This represents a 11.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,422,769 shares of company stock worth $135,144,073 in the last ninety days. 1.24% of the stock is owned by insiders.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Several analysts reaffirmed bullish ratings and targets, citing Netflix’s expanding ad tier, strong engagement, and improving monetization outlook.
• Positive Sentiment: Netflix extended its relationship with the NFL and will stream more games, adding another high-profile live content driver that could help attract viewers and advertisers.
• Positive Sentiment: Netflix is also building out event-based programming, including its first live MMA card and a concert tour tied to KPop Demon Hunters, which reinforces its push beyond traditional streaming.

Netflix Stock Performance

NFLX opened at $87.02 on Monday. The firm’s fifty day moving average is $94.74 and its two-hundred day moving average is $94.67. 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 market cap of $366.42 billion, a PE ratio of 28.11, a price-to-earnings-growth ratio of 1.11 and a beta of 1.55. Netflix, Inc. has a twelve month low of $75.01 and a twelve month high of $134.12.

Netflix (NASDAQ:NFLX) last posted 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. The company 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 for the quarter was up 16.2% compared to the same quarter last year. During the same period last year, the business posted $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Equities research analysts anticipate that Netflix, Inc. will post 3.6 EPS for the current year.

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.