Guardian Capital LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,432 shares of the Internet television network’s stock, valued at approximately $884,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Imprint Wealth LLC acquired a new stake in Netflix in the third quarter valued at $25,000. Bare Financial Services Inc raised its stake in shares of Netflix by 93.3% during the 3rd quarter. Bare Financial Services Inc now owns 29 shares of the Internet television network’s stock worth $35,000 after buying an additional 14 shares during the last quarter. Horizon Financial Services LLC raised its stake in shares of Netflix by 480.0% during the 3rd quarter. Horizon Financial Services LLC now owns 29 shares of the Internet television network’s stock worth $35,000 after buying an additional 24 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new position in shares of Netflix during the 3rd quarter worth $36,000. Finally, Promus Capital LLC acquired a new position in shares of Netflix during the 3rd quarter worth $48,000. Institutional investors and hedge funds own 80.93% of the company’s stock.
Netflix Stock Up 0.1%
NFLX opened at $87.02 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market capitalization of $366.42 billion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 1.11 and a beta of 1.55. The business has a 50-day moving average of $94.74 and a two-hundred day moving average of $94.67. Netflix, Inc. has a 12 month low of $75.01 and a 12 month high of $134.12.
Insider Buying and Selling
In other Netflix news, CEO Gregory K. Peters sold 27,312 shares of Netflix stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $88.69, for a total value of $2,422,301.28. Following the completion of the sale, the chief executive officer owned 120,931 shares in the company, valued at $10,725,370.39. The trade was a 18.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Reed Hastings sold 407,550 shares of Netflix stock in a transaction dated 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 completion of the sale, the director owned 3,940 shares of the company’s stock, valued at $366,932.20. This trade represents a 99.04% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,422,769 shares of company stock worth $135,144,073 over the last ninety days. Insiders own 1.37% of the company’s stock.
Wall Street Analyst Weigh In
NFLX has been the subject of several research reports. China Renaissance lifted their price target on Netflix from $90.00 to $100.00 and gave the stock a “hold” rating in a research note on Friday, April 17th. Raymond James Financial reaffirmed a “market perform” rating on shares of Netflix in a research note on Thursday. Citic Securities lifted their price target on Netflix from $95.00 to $107.00 and gave the stock a “hold” rating in a research note on Monday, April 27th. Barclays set a $110.00 price target on Netflix and gave the stock an “equal weight” rating in a research note on Friday, April 17th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Netflix in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $114.82.
Read Our Latest Research Report on Netflix
Key Netflix News
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.
About Netflix
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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