J.Safra Asset Management Corp grew its position in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 2,141.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 33,822 shares of the Internet television network’s stock after buying an additional 32,313 shares during the period. J.Safra Asset Management Corp’s holdings in Netflix were worth $3,171,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. GWN Securities Inc. raised its holdings in shares of Netflix by 796.6% during the fourth quarter. GWN Securities Inc. now owns 4,429 shares of the Internet television network’s stock valued at $415,000 after buying an additional 3,935 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Netflix by 1,348.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,266,701 shares of the Internet television network’s stock worth $118,766,000 after buying an additional 1,179,277 shares in the last quarter. Metis Global Partners LLC increased its position in Netflix by 850.4% in the 4th quarter. Metis Global Partners LLC now owns 223,678 shares of the Internet television network’s stock valued at $20,972,000 after acquiring an additional 200,142 shares during the period. Financiere des Professionnels Fonds d investissement inc. increased its position in Netflix by 1,024.5% in the 4th quarter. Financiere des Professionnels Fonds d investissement inc. now owns 47,330 shares of the Internet television network’s stock valued at $4,438,000 after acquiring an additional 43,121 shares during the period. Finally, Goodman Advisory Group LLC raised its stake in Netflix by 900.0% during the 4th quarter. Goodman Advisory Group LLC now owns 620 shares of the Internet television network’s stock valued at $58,000 after acquiring an additional 558 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.
Netflix Price Performance
NASDAQ:NFLX opened at $82.00 on Thursday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The business’s 50-day moving average price is $91.53 and its 200 day moving average price is $91.35. Netflix, Inc. has a 52-week low of $75.01 and a 52-week high of $134.12. The firm has a market cap of $345.29 billion, a P/E ratio of 26.49, a PEG ratio of 1.03 and a beta of 1.50.
Insider Buying and Selling at Netflix
In related news, Director Reed Hastings sold 386,700 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director directly owned 3,940 shares in the company, valued at approximately $338,721.80. This trade represents a 98.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Theodore A. Sarandos sold 27,312 shares of Netflix stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $87.97, for a total transaction of $2,402,636.64. Following the completion of the transaction, the chief executive officer owned 284,804 shares in the company, valued at approximately $25,054,207.88. This trade represents a 8.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 1,313,029 shares of company stock valued at $120,315,776. Corporate insiders own 1.24% of the company’s stock.
Analyst Ratings Changes
NFLX has been the subject of several recent analyst reports. Rosenblatt Securities decreased their price target on Netflix from $96.00 to $95.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. HSBC lifted their price objective on shares of Netflix from $106.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Citizens Jmp reaffirmed a “market perform” rating on shares of Netflix in a report on Wednesday, April 15th. DZ Bank reissued a “buy” rating on shares of Netflix in a research note on Friday, April 17th. Finally, Jefferies Financial Group dropped their price target on shares of Netflix from $128.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $114.39.
Get Our Latest Stock Analysis on Netflix
Key Netflix News
Here are the key news stories impacting Netflix this week:
- Positive Sentiment: Evercore ISI reiterated a Buy rating and kept its $115 price target, citing upside from Netflix’s ad-supported tier and continued international expansion. Article Title
- Positive Sentiment: Several bullish notes highlighted growing ad revenue, strong cash flow, and the view that the recent pullback may offer a long-term buying opportunity for investors. Article Title
- Positive Sentiment: Netflix expanded its revamped mobile app across Asia and is increasing its focus on kids’ gaming, reinforcing growth initiatives beyond core streaming. Article Title
- Neutral Sentiment: Jefferies lowered its price target to $110 from $128 but kept a Buy rating, suggesting the stock still has upside but with fewer immediate catalysts. Article Title
- Neutral Sentiment: Netflix is also facing public scrutiny after Paramount Skydance accused it of interfering in the Warner Bros. Discovery deal, adding some competitive and regulatory noise around the stock. Article Title
- Negative Sentiment: Another analyst cut the price target and said Netflix has limited near-term catalysts, reinforcing concerns that the stock may struggle to rebound quickly. Article Title
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.
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