Netflix, Inc. $NFLX Shares Bought by Smithbridge Asset Management Inc. DE

Smithbridge Asset Management Inc. DE boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 906.0% in the 4th quarter, Holdings Channel reports. The firm owned 93,900 shares of the Internet television network’s stock after buying an additional 84,566 shares during the period. Smithbridge Asset Management Inc. DE’s holdings in Netflix were worth $8,804,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NFLX. First Financial Corp IN lifted its position in shares of Netflix by 900.0% during the 4th quarter. First Financial Corp IN now owns 270 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 243 shares during the last quarter. DiNuzzo Private Wealth Inc. grew its holdings in shares of Netflix by 885.2% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 239 shares during the last quarter. Turning Point Benefit Group Inc. raised its position in shares of Netflix by 13,400.0% during the fourth quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 268 shares during the period. Imprint Wealth LLC acquired a new stake in shares of Netflix during the third quarter worth $25,000. Finally, Jessup Wealth Management Inc purchased a new stake in shares of Netflix during the fourth quarter valued at $27,000. 80.93% of the stock is currently owned by institutional investors.

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

Insider Buying and Selling

In related news, Director Reed Hastings sold 386,700 shares of Netflix stock in a transaction on Monday, June 1st. The shares were sold at an average price of $85.97, for a total value of $33,244,599.00. Following the transaction, the director owned 3,940 shares in the company, valued at $338,721.80. This trade represents a 98.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Adam Neumann sold 9,253 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $88.95, for a total transaction of $823,054.35. Following the transaction, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at approximately $6,563,353.65. This represents a 11.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,313,029 shares of company stock valued at $120,315,776. 1.24% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of analyst reports. TD Cowen reissued a “buy” rating on shares of Netflix in a research note on Thursday, May 14th. Morgan Stanley reaffirmed an “overweight” rating on shares of Netflix in a research note on Friday, April 17th. Seaport Research Partners lifted their target price on shares of Netflix from $115.00 to $119.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. China Renaissance boosted their price target on shares of Netflix from $90.00 to $100.00 and gave the company a “hold” rating in a report on Friday, April 17th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $115.00 price objective (up from $103.00) on shares of Netflix in a research note 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 issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $114.39.

Netflix Trading Up 0.7%

NASDAQ NFLX opened at $82.00 on Thursday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43. Netflix, Inc. has a 1-year low of $75.01 and a 1-year high of $134.12. The firm’s fifty day simple moving average is $91.53 and its 200-day simple moving average is $91.35. The company has a market capitalization of $345.29 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 1.03 and a beta of 1.50.

Netflix (NASDAQ:NFLX) last issued its 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. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The firm had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.17 billion. During the same quarter in the previous year, the company posted $6.61 earnings per share. The business’s quarterly revenue was up 16.2% compared to the same quarter last year. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, sell-side analysts anticipate that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

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.