Valley Wealth Managers Inc. Has $791,000 Stake in Netflix, Inc. $NFLX

Valley Wealth Managers Inc. raised its position in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 941.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,439 shares of the Internet television network’s stock after acquiring an additional 7,629 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Netflix were worth $791,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of NFLX. Vanguard Group Inc. boosted its position in Netflix by 912.5% during the fourth quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network’s stock valued at $36,567,805,000 after acquiring an additional 351,493,659 shares during the last quarter. Baillie Gifford & Co. boosted its position in Netflix by 912.3% during the fourth quarter. Baillie Gifford & Co. now owns 36,940,035 shares of the Internet television network’s stock valued at $3,463,498,000 after acquiring an additional 33,290,988 shares during the last quarter. Jennison Associates LLC boosted its position in Netflix by 639.9% during the fourth quarter. Jennison Associates LLC now owns 34,871,951 shares of the Internet television network’s stock valued at $3,269,594,000 after acquiring an additional 30,158,900 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Netflix by 891.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,099,908 shares of the Internet television network’s stock worth $1,134,487,000 after purchasing an additional 10,879,276 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Netflix by 850.7% during the 4th quarter. Principal Financial Group Inc. now owns 10,858,157 shares of the Internet television network’s stock worth $1,018,062,000 after purchasing an additional 9,716,017 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

Netflix Price Performance

Shares of NASDAQ NFLX opened at $87.66 on Wednesday. Netflix, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $134.12. The stock has a market cap of $369.12 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 1.09 and a beta of 1.55. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41. The firm’s 50-day simple moving average is $95.38 and its 200 day simple moving average is $95.37.

Netflix (NASDAQ:NFLXGet Free Report) last posted its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, beating the consensus estimate of $0.76 by $0.47. The firm 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 for the quarter was up 16.2% on a year-over-year basis. During the same quarter last year, the business posted $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In other 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 transaction 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. This trade represents a 18.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Reed Hastings sold 407,550 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $93.13, for a total transaction of $37,955,131.50. Following the sale, the director owned 3,940 shares of the company’s stock, valued at approximately $366,932.20. The trade was a 99.04% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 1,422,769 shares of company stock worth $135,144,073. Company insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NFLX. UBS Group set a $104.00 price objective on shares of Netflix in a research report on Tuesday, January 27th. Sanford C. Bernstein cut their price objective on shares of Netflix from $115.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Cfra raised shares of Netflix from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a research report on Friday, March 6th. Barclays set a $110.00 price objective on shares of Netflix and gave the stock an “equal weight” rating in a research report on Friday, April 17th. Finally, Freedom Capital raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $114.82.

Check Out Our Latest Analysis on Netflix

Netflix Profile

(Free Report)

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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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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