Harvest Portfolios Group Inc. raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 64.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,819 shares of the Internet television network’s stock after purchasing an additional 18,737 shares during the period. Harvest Portfolios Group Inc.’s holdings in Netflix were worth $57,331,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the stock. Able Wealth Management LLC increased its stake in Netflix by 1.2% during the 2nd quarter. Able Wealth Management LLC now owns 763 shares of the Internet television network’s stock worth $1,022,000 after buying an additional 9 shares in the last quarter. One Wealth Capital Management LLC lifted its position in shares of Netflix by 0.5% in the second quarter. One Wealth Capital Management LLC now owns 1,767 shares of the Internet television network’s stock valued at $2,366,000 after acquiring an additional 9 shares in the last quarter. Bell Investment Advisors Inc boosted its stake in shares of Netflix by 3.1% in the second quarter. Bell Investment Advisors Inc now owns 298 shares of the Internet television network’s stock worth $399,000 after acquiring an additional 9 shares during the last quarter. Weaver Consulting Group increased its position in shares of Netflix by 4.1% during the second quarter. Weaver Consulting Group now owns 231 shares of the Internet television network’s stock worth $309,000 after purchasing an additional 9 shares in the last quarter. Finally, Natural Investments LLC raised its stake in Netflix by 0.5% in the 3rd quarter. Natural Investments LLC now owns 1,668 shares of the Internet television network’s stock valued at $1,999,000 after purchasing an additional 9 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.
Netflix Stock Up 13.8%
Shares of NASDAQ:NFLX opened at $96.24 on Friday. The company has a market capitalization of $406.34 billion, a price-to-earnings ratio of 38.08, a PEG ratio of 1.50 and a beta of 1.71. Netflix, Inc. has a 12-month low of $75.01 and a 12-month high of $134.12. The business has a 50-day moving average price of $85.83 and a 200 day moving average price of $104.52. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.51.
Analyst Ratings Changes
Several research firms recently commented on NFLX. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Netflix in a report on Wednesday, January 21st. Cfra downgraded Netflix from a “strong-buy” rating to a “hold” rating and set a $100.00 target price for the company. in a research note on Monday, January 5th. Erste Group Bank lowered Netflix from a “buy” rating to a “hold” rating in a report on Friday, October 31st. Piper Sandler reissued a “positive” rating and issued a $103.00 price objective (down from $140.00) on shares of Netflix in a report on Wednesday, January 21st. Finally, Benchmark reaffirmed a “hold” rating on shares of Netflix in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $115.91.
Read Our Latest Research Report on NFLX
Key Stories Impacting Netflix
Here are the key news stories impacting Netflix this week:
- Positive Sentiment: Netflix formally declined to match Paramount Skydance’s higher offer for Warner Bros., ending the bidding war and securing a large breakup / termination payment that preserves cash and avoids taking on a complex, debt‑heavy asset. Netflix Receives Termination Fee After WBD Deal Collapse
- Positive Sentiment: Investors cheered the exit as it reduces near‑term strategic risk and potential integration headaches; commentators and analysts framed the decision as disciplined capital allocation, which helped lift shares. Netflix, Paramount shares jump as months-long fight for Warner ends
- Positive Sentiment: Regulatory and political risk eased — a planned Senate antitrust hearing tied to the deal was canceled after Netflix withdrew, removing a headline risk that would have attracted more scrutiny. After Netflix Drops Warner Bros. Bid, GOP Senator Cancels Planned Antitrust Hearing
- Positive Sentiment: Analysts and brokers responded with upgrades and higher price targets (Wolfe, Arete, Evercore coverage appears), supporting the rally and signaling refreshed bullish conviction. Wolfe Research adjusts price target on Netflix to $110 from $95; maintains outperform
- Positive Sentiment: Operational news also helped sentiment: Netflix expanded live sports/content reach by partnering with Apple to co‑broadcast the Canadian F1 Grand Prix, reinforcing content momentum outside M&A headlines. Apple and Netflix team up to air Formula 1 Canadian Grand Prix
- Neutral Sentiment: Market structure changed: Paramount Skydance looks set to win the Warner Bros. deal, which removes one strategic path for Netflix but also eliminates a costly contest; outcome may affect industry dynamics long‑term rather than Netflix’s near‑term earnings. Project Warrior: How Paramount beat Netflix in $110bn battle for Warner
- Negative Sentiment: Some opinion pieces warn of political/antitrust fallout and reputational/strategic implications from the episode (claims the fight became politicized and that Netflix’s positioning could invite scrutiny). These narratives could re‑emerge if Netflix pursues other large deals. Opinion | Why Netflix Lost Warner to Paramount
Insider Transactions at Netflix
In other news, insider Cletus R. Willems sold 3,136 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $82.67, for a total transaction of $259,253.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Reed Hastings sold 390,970 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $83.63, for a total value of $32,696,821.10. Following the completion of the sale, the director owned 3,940 shares in the company, valued at $329,502.20. This represents a 99.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,399,163 shares of company stock worth $129,899,103 in the last three months. Company insiders own 1.37% of the company’s stock.
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.
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