Netflix, Inc. $NFLX Stake Boosted by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 156.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,980 shares of the Internet television network’s stock after purchasing an additional 7,910 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Netflix were worth $1,248,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Checchi Capital Advisers LLC increased its position in shares of Netflix by 875.7% during the 4th quarter. Checchi Capital Advisers LLC now owns 31,143 shares of the Internet television network’s stock valued at $2,920,000 after purchasing an additional 27,951 shares during the period. Contravisory Investment Management Inc. boosted its stake in Netflix by 837.2% during the fourth quarter. Contravisory Investment Management Inc. now owns 111,380 shares of the Internet television network’s stock valued at $10,443,000 after buying an additional 99,496 shares in the last quarter. BNC Wealth Management LLC boosted its stake in Netflix by 991.3% during the fourth quarter. BNC Wealth Management LLC now owns 41,229 shares of the Internet television network’s stock valued at $3,866,000 after buying an additional 37,451 shares in the last quarter. Crew Capital Management Ltd lifted its holdings in Netflix by 1,021.9% in the 4th quarter. Crew Capital Management Ltd now owns 9,031 shares of the Internet television network’s stock valued at $847,000 after acquiring an additional 8,226 shares during the last quarter. Finally, Family Capital Trust Co lifted its stake in Netflix by 20,869.5% during the fourth quarter. Family Capital Trust Co now owns 27,470 shares of the Internet television network’s stock valued at $2,576,000 after purchasing an additional 27,339 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on NFLX shares. Raymond James Financial restated a “market perform” rating on shares of Netflix in a research report on Thursday, May 14th. HSBC raised their price objective on Netflix from $106.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Needham & Company LLC restated a “buy” rating on shares of Netflix in a report on Friday, April 17th. Morgan Stanley reaffirmed an “overweight” rating on shares of Netflix in a research report on Friday, April 17th. Finally, Rosenblatt Securities cut their price objective on Netflix from $96.00 to $95.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $114.26.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix signed licensing deals with multiple digital publishers, including BuzzFeed, Condé Nast, Hearst, People Inc., Tastemade and Penske Media brands, to add short-form videos to its homepage. The move suggests Netflix is trying to boost engagement, diversify its content mix, and compete more directly for viewing time against YouTube. Article title
• Positive Sentiment: Reports also say Netflix is interested in bidding for U.S. broadcast rights to the 2030 and 2034 FIFA World Cups, a potentially high-profile sports move that could improve subscriber growth, brand reach, and ad sales if it wins part of the package. Article title
• Positive Sentiment: Several commentary pieces highlighted Netflix as undervalued after its pullback, pointing to strong free cash flow, raised cash flow guidance, and growth initiatives such as ad-supported tiers, gaming, and live programming. Article title
• Neutral Sentiment: Analysts and market commentators continued to frame Netflix as a stock with mixed near-term technical and valuation signals, including references to “death cross” resistance and a soft recent trend, but without a major new fundamental negative. Article title
• Negative Sentiment: Some recent coverage flagged an engagement problem, including concerns that viewers are dropping off after early seasons of big shows and that Netflix faces structural pressure from shorter-form “microdramas” and changing viewing habits. Article title

Netflix Stock Up 0.2%

Netflix stock opened at $76.18 on Wednesday. Netflix, Inc. has a twelve month low of $70.86 and a twelve month high of $129.32. 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 has a market cap of $320.78 billion, a PE ratio of 24.61, a P/E/G ratio of 0.97 and a beta of 1.52. The firm’s 50 day moving average price is $82.80 and its two-hundred day moving average price is $87.99.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results 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. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The business had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.17 billion. During the same period in the previous year, the company posted $6.61 EPS. Netflix’s revenue was up 16.2% on a year-over-year basis. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, research analysts predict that Netflix, Inc. will post 3.6 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Bradford L. Smith sold 35,990 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $77.52, for a total transaction of $2,789,944.80. Following the completion of the sale, the director directly owned 79,690 shares of the company’s stock, valued at $6,177,568.80. This trade represents a 31.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 sale, the director owned 3,940 shares of the company’s stock, valued at approximately $366,932.20. This represents a 99.04% 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. Over the last 90 days, insiders sold 899,839 shares of company stock worth $80,141,661. Insiders own 1.24% of the company’s stock.

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.