Abner Herrman & Brock LLC Increases Holdings in Netflix, Inc. $NFLX

Abner Herrman & Brock LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 882.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 330,159 shares of the Internet television network’s stock after purchasing an additional 296,546 shares during the period. Netflix comprises approximately 3.2% of Abner Herrman & Brock LLC’s investment portfolio, making the stock its 8th biggest position. Abner Herrman & Brock LLC’s holdings in Netflix were worth $30,956,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of NFLX. Norges Bank acquired a new stake in Netflix in the second quarter valued at about $7,929,645,000. Laurel Wealth Advisors LLC increased its position in Netflix by 128,553.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,881,129 shares of the Internet television network’s stock worth $6,536,466,000 after purchasing an additional 4,877,335 shares in the last quarter. Union Bancaire Privee UBP SA increased its holdings in shares of Netflix by 1,672.4% during the fourth quarter. Union Bancaire Privee UBP SA now owns 943,533 shares of the Internet television network’s stock worth $86,741,000 after buying an additional 890,299 shares in the last quarter. Viking Global Investors LP bought a new position in Netflix in the third quarter valued at about $600,434,000. Finally, Park National Corp OH raised its holdings in Netflix by 1,926.4% in the 4th quarter. Park National Corp OH now owns 421,449 shares of the Internet television network’s stock valued at $39,515,000 after buying an additional 400,651 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 23,439 shares of the stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $88.11, for a total transaction of $2,065,210.29. Following the completion of the transaction, the insider directly owned 316,100 shares of the company’s stock, valued at $27,851,571. This represents a 6.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory K. Peters sold 105,781 shares of the stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $82.94, for a total value of $8,773,476.14. Following the transaction, the chief executive officer directly owned 122,140 shares of the company’s stock, valued at approximately $10,130,291.60. This trade represents a 46.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,520,133 shares of company stock worth $137,259,786. Company insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NFLX shares. Weiss Ratings lowered Netflix from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 22nd. New Street Research lowered their target price on Netflix from $100.00 to $96.00 and set a “neutral” rating for the company in a report on Thursday, January 22nd. KeyCorp set a $110.00 price target on Netflix and gave the company an “overweight” rating in a research note on Friday, January 16th. Morgan Stanley set a $110.00 price target on Netflix and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Finally, Guggenheim reduced their target price on Netflix from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $114.35.

Check Out Our Latest Analysis on Netflix

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $91.75 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.51. The stock has a market cap of $387.38 billion, a PE ratio of 36.31, a price-to-earnings-growth ratio of 1.45 and a beta of 1.68. The stock’s fifty day simple moving average is $86.82 and its two-hundred day simple moving average is $101.89. Netflix, Inc. has a 1-year low of $75.01 and a 1-year high of $134.12.

Netflix (NASDAQ:NFLXGet Free Report) last posted its earnings results on Tuesday, January 20th. The Internet television network reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. Netflix had a net margin of 24.30% and a return on equity of 43.26%. The firm had revenue of $12.05 billion during the quarter, compared to analyst estimates of $11.97 billion. During the same quarter in the prior year, the business posted $0.43 EPS. The business’s revenue was up 17.6% compared to the same quarter last year. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. As a group, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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Netflix 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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