Godsey & Gibb Inc. raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 5,286.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 235,370 shares of the Internet television network’s stock after purchasing an additional 231,000 shares during the period. Netflix accounts for approximately 2.0% of Godsey & Gibb Inc.’s investment portfolio, making the stock its 27th biggest position. Godsey & Gibb Inc.’s holdings in Netflix were worth $22,631,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Netflix by 912.5% during the fourth quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network’s stock worth $36,567,805,000 after acquiring an additional 351,493,659 shares during the last quarter. State Street Corp boosted its holdings in Netflix by 927.6% in the fourth quarter. State Street Corp now owns 176,780,995 shares of the Internet television network’s stock valued at $16,574,986,000 after acquiring an additional 159,578,053 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Netflix by 892.0% in the fourth quarter. Geode Capital Management LLC now owns 99,598,678 shares of the Internet television network’s stock valued at $9,305,336,000 after acquiring an additional 89,558,684 shares during the last quarter. Capital World Investors increased its position in Netflix by 859.1% during the 4th quarter. Capital World Investors now owns 89,341,444 shares of the Internet television network’s stock valued at $8,376,656,000 after purchasing an additional 80,025,890 shares during the period. Finally, Morgan Stanley increased its position in Netflix by 903.0% during the 4th quarter. Morgan Stanley now owns 85,349,973 shares of the Internet television network’s stock valued at $8,002,414,000 after purchasing an additional 76,840,318 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.
Key Headlines Impacting Netflix
Here are the key news stories impacting Netflix this week:
- Positive Sentiment: Netflix is expanding beyond streaming with a new original horror game, Unhinged, and other gaming-focused releases, which could open a new engagement and monetization avenue. Article: Netflix Unveils New Horror Game to Jumpstart Interactive Offerings
- Positive Sentiment: Omnicom’s AI advertising collaboration with Netflix highlights progress in the company’s ad-supported strategy and could improve ad targeting, measurement, and revenue growth. Article: Netflix Struggles to Shift the Narrative After Warner Bros. Fiasco
- Positive Sentiment: Some commentators argue the stock looks oversold after the plunge, with bullish articles pointing to Netflix’s valuation, cash flow, and long-term growth potential. Article: 4 Reasons Netflix Stock Is a Must-Own Now After the Plunge
- Neutral Sentiment: Analysts and market commentary continue to debate whether Netflix can replace slowing momentum from hits like Stranger Things and Squid Game with new drivers such as live sports, gaming, and ads. Article: Netflix Stock Plunges To 20-Month Low: Can Live Sports Replace Stranger Things And Squid Game?
- Negative Sentiment: Investor concern is rising that Netflix may be getting more aggressive on acquisitions after the failed Warner Bros. Discovery deal, which is weighing on the stock. Article: Netflix is growing but its stock price is shrinking, as the specter of M&A spooks investors
- Negative Sentiment: Reports that Netflix’s share of streaming time is declining and that competitors are gaining strength are adding to worries about slower audience growth and tougher competition. Article: Netflix’s (NFLX) Share of People’s Streaming Time Declines, Further Pressuring the Stock
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on NFLX
Netflix Price Performance
Netflix stock opened at $71.84 on Thursday. The stock has a market capitalization of $302.49 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 0.93 and a beta of 1.50. Netflix, Inc. has a 52-week low of $71.63 and a 52-week high of $134.12. The stock’s 50 day moving average price is $87.07 and its two-hundred day moving average price is $89.31. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41.
Netflix (NASDAQ:NFLX – Get Free Report) last released its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.47. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The company had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.17 billion. During the same quarter in the previous year, the business posted $6.61 EPS. Netflix’s revenue for the quarter was up 16.2% compared to the same quarter last year. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, equities analysts predict that Netflix, Inc. will post 3.6 earnings per share for the current year.
Insiders Place Their Bets
In other Netflix news, CEO Gregory K. Peters sold 27,312 shares of Netflix stock in a transaction 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 directly owned 120,931 shares of the company’s stock, valued at approximately $10,725,370.39. The trade was a 18.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Reed Hastings sold 386,700 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $85.97, for a total transaction of $33,244,599.00. Following the transaction, the director owned 3,940 shares in the company, valued at $338,721.80. This represents a 98.99% 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 three months, insiders sold 1,349,019 shares of company stock valued at $123,105,721. 1.24% of the stock is currently owned by corporate insiders.
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.
See Also
- Five stocks we like better than Netflix
- Why KB Home Could Reward Patient Investors Later
- Meta’s Internal Turmoil: Morale Nears 20-Year Low at the Wrong Time
- Tesla’s New NHTSA Probe Lands at the Worst Possible Time
- Nano Nuclear’s AI Data Center Deal Puts the Stock Back in Focus
Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX – Free Report).
Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.
