Sustainable Growth Advisers LP Buys 2,422,001 Shares of Netflix, Inc. $NFLX

Sustainable Growth Advisers LP boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1,543.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,578,897 shares of the Internet television network’s stock after purchasing an additional 2,422,001 shares during the period. Netflix comprises approximately 1.7% of Sustainable Growth Advisers LP’s investment portfolio, making the stock its 22nd biggest holding. Sustainable Growth Advisers LP’s holdings in Netflix were worth $241,797,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in NFLX. Apriem Advisors raised its holdings in shares of Netflix by 0.6% in the 3rd quarter. Apriem Advisors now owns 1,567 shares of the Internet television network’s stock worth $1,879,000 after purchasing an additional 9 shares during the period. Tortoise Investment Management LLC raised its holdings in shares of Netflix by 10.8% in the 3rd quarter. Tortoise Investment Management LLC now owns 92 shares of the Internet television network’s stock worth $110,000 after purchasing an additional 9 shares during the period. Brass Tax Wealth Management Inc. raised its holdings in shares of Netflix by 3.2% in the 3rd quarter. Brass Tax Wealth Management Inc. now owns 288 shares of the Internet television network’s stock worth $345,000 after purchasing an additional 9 shares during the period. Pacific Sun Financial Corp raised its holdings in shares of Netflix by 1.6% in the 3rd quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network’s stock worth $688,000 after purchasing an additional 9 shares during the period. Finally, Black Diamond Financial LLC raised its holdings in shares of Netflix by 5.2% in the 3rd quarter. Black Diamond Financial LLC now owns 202 shares of the Internet television network’s stock worth $242,000 after purchasing an additional 10 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In other news, insider David A. Hyman sold 5,722 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $88.08, for a total transaction of $503,993.76. Following the completion of the transaction, the insider directly owned 316,100 shares in the company, valued at $27,842,088. The trade was a 1.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory K. Peters sold 27,312 shares of the business’s stock in a transaction 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 transaction, 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 926,329 shares of company stock worth $87,071,177. Company insiders own 1.24% of the company’s stock.

Analyst Ratings Changes

NFLX has been the topic of a number of research reports. Bank of America reaffirmed a “buy” rating and issued a $125.00 price target on shares of Netflix in a report on Monday, May 18th. The Goldman Sachs Group raised shares of Netflix from a “neutral” rating to a “buy” rating in a report on Monday, April 13th. Wedbush reaffirmed an “outperform” rating and issued a $118.00 price target on shares of Netflix in a report on Thursday, April 16th. Morgan Stanley reaffirmed an “overweight” rating on shares of Netflix in a report on Friday, April 17th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $120.00 price target on shares of Netflix in a report on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.82.

Netflix Stock Down 0.2%

NFLX opened at $85.85 on Tuesday. The company has a fifty day moving average price of $93.00 and a 200-day moving average price of $93.09. The firm has a market capitalization of $361.50 billion, a P/E ratio of 27.73, a price-to-earnings-growth ratio of 1.09 and a beta of 1.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41. Netflix, Inc. has a one year low of $75.01 and a one year high of $134.12.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, beating analysts’ consensus estimates 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 business’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the previous year, the business earned $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Equities research analysts expect that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

Netflix Company 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.