Jericho Capital Asset Management L.P. Has $406.17 Million Stock Holdings in Netflix, Inc. $NFLX

Jericho Capital Asset Management L.P. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1,712.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,332,000 shares of the Internet television network’s stock after acquiring an additional 4,093,000 shares during the quarter. Netflix makes up about 4.6% of Jericho Capital Asset Management L.P.’s holdings, making the stock its 8th biggest holding. Jericho Capital Asset Management L.P.’s holdings in Netflix were worth $406,168,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Imprint Wealth LLC acquired a new stake in shares of Netflix during the 3rd quarter worth $25,000. First Financial Corp IN lifted its position in Netflix by 900.0% during the fourth quarter. First Financial Corp IN now owns 270 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 243 shares during the period. DiNuzzo Private Wealth Inc. grew its stake in Netflix by 885.2% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network’s stock worth $25,000 after buying an additional 239 shares in the last quarter. Turning Point Benefit Group Inc. increased its holdings in Netflix by 13,400.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network’s stock valued at $25,000 after buying an additional 268 shares during the period. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of Netflix in the 4th quarter valued at approximately $26,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NFLX. President Capital increased their price target on shares of Netflix from $133.00 to $134.00 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. Cfra upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research report on Friday, March 6th. DZ Bank reaffirmed a “buy” rating on shares of Netflix in a report on Friday, April 17th. Wells Fargo & Company initiated coverage on Netflix in a report on Monday, March 9th. They set an “equal weight” rating and a $105.00 price target for the company. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Netflix in a research report on Thursday, June 4th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average target price of $114.26.

Insider Buying and Selling

In related news, insider David A. Hyman sold 5,722 shares of the stock in a transaction 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 in the company, valued at $27,842,088. This represents a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Theodore A. Sarandos sold 27,312 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer owned 284,804 shares of the company’s stock, valued at $25,054,207.88. This trade represents a 8.75% 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. Insiders have sold a total of 1,313,029 shares of company stock valued at $120,315,776 over the last quarter. 1.24% of the stock is currently owned by company insiders.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Some market watchers say Netflix’s sharp selloff may be nearing a bottom, with technical commentary suggesting the stock could be stabilizing after a steep two-month decline.
• Neutral Sentiment: MoffettNathanson cut its price target on Netflix from $120 to $115 but kept a buy rating, signaling continued long-term confidence despite near-term pressure.
• Negative Sentiment: Netflix’s refusal to pursue Lionsgate, combined with the Fox-Roku deal, has fueled concerns that it is losing ground in the sector’s consolidation race and may face more competition around distribution and ad-supported growth.
• Negative Sentiment: Netflix also canceled The Boroughs after one season, a reminder that some content investments are still being pruned as the company remains selective on spending.

Netflix Price Performance

Netflix stock opened at $76.96 on Thursday. The stock has a 50-day moving average price of $89.75 and a two-hundred day moving average price of $90.44. Netflix, Inc. has a 12 month low of $75.01 and a 12 month high of $134.12. The company has a market capitalization of $324.06 billion, a PE ratio of 24.86, a P/E/G ratio of 1.00 and a beta of 1.50. 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:NFLX) last released its quarterly 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 analysts’ expectations of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The business’s quarterly 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. Analysts expect 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.