Netflix, Inc. $NFLX Shares Bought by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1,241.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 641,638 shares of the Internet television network’s stock after acquiring an additional 593,819 shares during the period. Harvest Portfolios Group Inc.’s holdings in Netflix were worth $60,160,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of NFLX. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Netflix during the fourth quarter worth $4,024,000. PNC Financial Services Group Inc. boosted its holdings in Netflix by 878.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,548,647 shares of the Internet television network’s stock valued at $145,201,000 after acquiring an additional 1,390,346 shares during the period. GSA Capital Partners LLP boosted its holdings in Netflix by 3,353.4% during the fourth quarter. GSA Capital Partners LLP now owns 16,680 shares of the Internet television network’s stock valued at $1,564,000 after acquiring an additional 16,197 shares during the period. Tredje AP fonden boosted its holdings in Netflix by 1,850.3% during the fourth quarter. Tredje AP fonden now owns 352,230 shares of the Internet television network’s stock valued at $33,025,000 after acquiring an additional 334,170 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in Netflix by 880.1% during the fourth quarter. Larson Financial Group LLC now owns 42,741 shares of the Internet television network’s stock valued at $4,007,000 after acquiring an additional 38,380 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Bank of America reiterated a Buy rating and a $125 price target, citing Netflix’s advertising business, expanding live sports strategy, and long-term subscriber growth potential. Article Title
• Positive Sentiment: Analysts are becoming more constructive after Netflix’s advertiser presentation, suggesting the company’s ad tier is gaining credibility with Wall Street. Article Title
• Positive Sentiment: Omdia projected connected TV advertising revenue will nearly double by 2030, with Amazon, Netflix, and Google expected to capture a large share, reinforcing the long-term upside in Netflix’s ad business. Article Title
• Positive Sentiment: Netflix is expanding further into consumer products, including candy and toys, which could create additional brand-monetization opportunities beyond streaming. Article Title
• Neutral Sentiment: Several commentary pieces focused on whether Netflix is now “cheap” relative to its history, but these were largely valuation debates rather than fresh fundamental catalysts. Article Title
• Neutral Sentiment: Other articles highlighted long-term upside targets and comparisons to prior performance, but they mainly echoed existing bullish sentiment instead of adding new information. Article Title
• Negative Sentiment: Netflix remains below its 50-day and 200-day moving averages and has lagged the broader market over the past year, showing that investors still have concerns about growth durability and near-term execution. Article Title
• Negative Sentiment: Some coverage noted recent pullbacks tied to weaker guidance and investor skepticism, which continues to weigh on the stock despite solid underlying fundamentals. Article Title

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NFLX. Canaccord Genuity Group set a $125.00 price target on shares of Netflix and gave the company a “buy” rating in a report on Wednesday, January 21st. William Blair restated an “outperform” rating on shares of Netflix in a report on Wednesday, January 21st. Arete Research upgraded shares of Netflix from a “neutral” rating to a “buy” rating in a research note on Friday, February 27th. Seaport Research Partners boosted their price target on Netflix from $115.00 to $119.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, Moffett Nathanson upped their price target on Netflix from $115.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Two 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 company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $114.82.

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 27,312 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were 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 of the company’s stock, valued at $10,725,370.39. This trade represents a 18.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Reed Hastings sold 407,550 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $93.13, for a total transaction of $37,955,131.50. Following the completion of the sale, the director directly owned 3,940 shares of the company’s stock, valued at approximately $366,932.20. This represents a 99.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,422,769 shares of company stock valued at $135,144,073 over the last quarter. Company insiders own 1.24% of the company’s stock.

Netflix Stock Down 0.4%

Shares of NFLX opened at $89.33 on Wednesday. The stock has a market cap of $376.15 billion, a price-to-earnings ratio of 28.85, a P/E/G ratio of 1.14 and a beta of 1.55. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. Netflix, Inc. has a 12 month low of $75.01 and a 12 month high of $134.12. The company has a 50-day moving average price of $94.36 and a two-hundred day moving average price of $94.50.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data 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 during 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 company’s revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the business posted $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Equities analysts predict that Netflix, Inc. will post 3.6 EPS for the current fiscal 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.