Netflix, Inc. $NFLX Shares Purchased by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 956.7% in the fourth quarter, Holdings Channel reports. The firm owned 18,144 shares of the Internet television network’s stock after buying an additional 16,427 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Netflix were worth $1,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the company. Napean Trading & Investment Co Singapore PTE Ltd raised its position in Netflix by 411.9% during the 4th quarter. Napean Trading & Investment Co Singapore PTE Ltd now owns 49,250 shares of the Internet television network’s stock worth $4,618,000 after buying an additional 39,629 shares during the last quarter. Nicholas Investment Partners LP raised its position in Netflix by 683.5% during the 4th quarter. Nicholas Investment Partners LP now owns 6,636 shares of the Internet television network’s stock worth $622,000 after buying an additional 5,789 shares during the last quarter. Fieldview Capital Management LLC purchased a new position in Netflix during the 4th quarter worth $4,874,000. Financial Gravity Asset Management Inc. raised its position in Netflix by 976.0% during the 4th quarter. Financial Gravity Asset Management Inc. now owns 38,704 shares of the Internet television network’s stock worth $3,629,000 after buying an additional 35,107 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC raised its position in Netflix by 695.7% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 931 shares of the Internet television network’s stock worth $87,000 after buying an additional 814 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on NFLX. Rosenblatt Securities cut their price objective on shares of Netflix from $96.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, April 17th. TD Cowen restated a “buy” rating on shares of Netflix in a research report on Thursday, May 14th. Raymond James Financial restated a “market perform” rating on shares of Netflix in a research report on Thursday, May 14th. Bank of America restated a “buy” rating and set a $125.00 price objective on shares of Netflix in a research report on Monday, May 18th. Finally, Wolfe Research restated an “outperform” rating and set a $107.00 price objective on shares of Netflix in a research report on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and sixteen have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $114.39.

Check Out Our Latest Analysis on NFLX

Insiders Place Their Bets

In other news, CFO Spencer Adam Neumann sold 28,630 shares of the stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $98.00, for a total value of $2,805,740.00. Following the completion of the transaction, the chief financial officer owned 73,787 shares in the company, valued at $7,231,126. This trade represents a 27.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Theodore A. Sarandos sold 27,312 shares of the stock in a transaction dated Tuesday, May 5th. The shares were 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 of the company’s stock, valued at $25,054,207.88. This 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 three months, insiders have sold 1,313,029 shares of company stock worth $120,315,776. Insiders own 1.24% of the company’s stock.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

Netflix Stock Performance

Shares of NFLX opened at $80.34 on Monday. The company has a 50-day simple moving average of $90.93 and a 200-day simple moving average of $91.00. 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 company has a market capitalization of $338.30 billion, a PE ratio of 25.95, a P/E/G ratio of 1.02 and a beta of 1.50. Netflix, Inc. has a 52-week low of $75.01 and a 52-week high of $134.12.

Netflix (NASDAQ:NFLXGet Free Report) last announced its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.47. The business had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The business’s revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the firm posted $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Equities research analysts predict that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

Netflix Company 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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