Columbia Asset Management boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 878.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 32,598 shares of the Internet television network’s stock after acquiring an additional 29,266 shares during the quarter. Columbia Asset Management’s holdings in Netflix were worth $3,056,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the business. Hengehold Capital Management LLC increased its position in Netflix by 3.3% during the third quarter. Hengehold Capital Management LLC now owns 282 shares of the Internet television network’s stock worth $338,000 after buying an additional 9 shares during the last quarter. Financial Partners Group Inc increased its position in Netflix by 0.9% during the third quarter. Financial Partners Group Inc now owns 969 shares of the Internet television network’s stock worth $1,162,000 after buying an additional 9 shares during the last quarter. Seascape Capital Management grew its position in shares of Netflix by 1.6% in the third quarter. Seascape Capital Management now owns 568 shares of the Internet television network’s stock valued at $681,000 after purchasing an additional 9 shares during the last quarter. Crews Bank & Trust grew its position in shares of Netflix by 5.8% in the third quarter. Crews Bank & Trust now owns 164 shares of the Internet television network’s stock valued at $197,000 after purchasing an additional 9 shares during the last quarter. Finally, Apriem Advisors grew its position in shares of Netflix by 0.6% in the third quarter. Apriem Advisors now owns 1,567 shares of the Internet television network’s stock valued at $1,879,000 after purchasing an additional 9 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.
Netflix Trading Down 2.4%
Shares of NFLX stock opened at $92.58 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 1.19 and a debt-to-equity ratio of 0.43. The stock has a market cap of $389.84 billion, a P/E ratio of 29.90, a price-to-earnings-growth ratio of 1.25 and a beta of 1.67. The stock has a 50 day simple moving average of $92.68 and a 200 day simple moving average of $98.06. Netflix, Inc. has a 1 year low of $75.01 and a 1 year high of $134.12.
Analyst Ratings Changes
Several equities analysts have recently commented on the company. UBS Group set a $104.00 target price on Netflix in a research report on Tuesday, January 27th. Canaccord Genuity Group set a $125.00 target price on Netflix and gave the company a “buy” rating in a research report on Wednesday, January 21st. Benchmark reaffirmed a “hold” rating on shares of Netflix in a research report on Tuesday, January 13th. KeyCorp reaffirmed an “overweight” rating and issued a $115.00 target price (up from $108.00) on shares of Netflix in a research report on Tuesday, April 14th. Finally, HSBC upped their target price on Netflix from $106.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $114.85.
View Our Latest Stock Report on NFLX
More Netflix News
Here are the key news stories impacting Netflix this week:
- Positive Sentiment: Q1 beat and strong free cash flow bolster the bull case — analysts and investors point to robust FCF/margins as support for higher long‑term valuation and improved earnings leverage. Netflix Generates Massive FCF and FCF Margins
- Positive Sentiment: Netflix is negotiating to buy the historic Radford Studio Center — owning production real estate could lower content costs over time and improve control of supply. Netflix plans to buy historic Radford Studio Center
- Positive Sentiment: Buy‑the‑dip demand from notable investors and upbeat analyst notes (e.g., Guggenheim, JPMorgan commentary, ARK purchases) provide short‑term support and suggest some firms view the pullback as a buying opportunity. ‘Attractively Valued’: Analyst Bets Big On Netflix’s Multi-Year Growth Run ARK Invest Snaps Up Netflix (NFLX) After Earnings Drop
- Neutral Sentiment: The Obamas’ production company signaled it will pursue non‑exclusive distribution after an awards win — this reduces guaranteed exclusivity but could expand production opportunities and revenue streams. Obamas Say No More Netflix Exclusivity After Academy Award Win
- Negative Sentiment: Softer Q2 guidance and a murky forward subscriber outlook triggered the initial selloff — investors are focused on near‑term growth and margin trajectory. Netflix Shares Drop As Soft Outlook, Reed Hastings Exit Weigh On Sentiment
- Negative Sentiment: Board changes (Reed Hastings’ exit) and leadership transition headlines add uncertainty around strategic direction. Netflix Shares Drop As Soft Outlook, Reed Hastings Exit Weigh On Sentiment
- Negative Sentiment: Italian court ruled past price hikes unlawful and ordered refunds, creating regulatory/PR risk around pricing policy in Europe. Italian court rules every Netflix price hike from 2017 to 2024 unlawful
- Negative Sentiment: Mixed analyst actions and several price‑target cuts add downward pressure on sentiment despite some raises — the tape is volatile as models are re‑priced to reflect the guidance miss. Buy the Dip in Netflix Stock Now, Says JPMorgan
Insiders Place Their Bets
In related news, CEO Gregory K. Peters sold 27,312 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $83.24, for a total value of $2,273,450.88. Following the completion of the sale, the chief executive officer directly owned 122,140 shares in the company, valued at approximately $10,166,933.60. The trade was a 18.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Reed Hastings sold 420,550 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $95.49, for a total value of $40,158,319.50. Following the completion of the sale, the director owned 3,940 shares of the company’s stock, valued at approximately $376,230.60. This trade represents a 99.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,487,794 shares of company stock valued at $136,255,772 in the last quarter. 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.
Further Reading
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