Carr Financial Group Corp Increases Stock Holdings in Netflix, Inc. $NFLX

Carr Financial Group Corp increased its position in Netflix, Inc. (NASDAQ:NFLXFree Report) by 896.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 9,596 shares of the Internet television network’s stock after acquiring an additional 8,633 shares during the quarter. Carr Financial Group Corp’s holdings in Netflix were worth $900,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Netflix by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 38,521,322 shares of the Internet television network’s stock valued at $46,183,983,000 after buying an additional 142,238 shares in the last quarter. CIBC Capital Markets Europe S.A. lifted its holdings in shares of Netflix by 171.4% during the 3rd quarter. CIBC Capital Markets Europe S.A. now owns 66,503 shares of the Internet television network’s stock worth $79,732,000 after acquiring an additional 42,000 shares during the last quarter. Grove Bank & Trust grew its position in Netflix by 1,379.8% in the fourth quarter. Grove Bank & Trust now owns 25,512 shares of the Internet television network’s stock worth $2,392,000 after acquiring an additional 23,788 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Netflix by 6.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 302,182 shares of the Internet television network’s stock worth $362,292,000 after acquiring an additional 18,837 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC increased its stake in Netflix by 2,184.8% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 85,727 shares of the Internet television network’s stock valued at $7,841,000 after acquiring an additional 81,975 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

Insider Transactions at Netflix

In other Netflix news, Director Reed Hastings sold 410,550 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $97.01, for a total value of $39,827,455.50. Following the completion of the sale, the director owned 3,940 shares in the company, valued at approximately $382,219.40. The trade was a 99.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 5,727 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $81.06, for a total value of $464,230.62. Following the sale, the insider directly owned 316,100 shares of the company’s stock, valued at approximately $25,623,066. This trade represents a 1.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,520,133 shares of company stock valued at $137,259,786. Insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NFLX. Jefferies Financial Group restated a “buy” rating on shares of Netflix in a research report on Friday, February 27th. Argus reduced their price objective on Netflix from $141.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. HSBC decreased their price objective on Netflix from $107.00 to $106.00 and set a “buy” rating on the stock in a report on Wednesday, January 21st. Rosenblatt Securities boosted their target price on Netflix from $94.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, February 27th. Finally, William Blair reaffirmed an “outperform” rating on shares of Netflix in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $114.35.

Get Our Latest Report on NFLX

Netflix Stock Up 1.7%

Shares of NASDAQ:NFLX opened at $93.38 on Tuesday. The stock has a market capitalization of $394.27 billion, a P/E ratio of 36.95, a price-to-earnings-growth ratio of 1.41 and a beta of 1.68. The stock’s 50-day moving average price is $86.95 and its 200-day moving average price is $101.49. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.51. Netflix, Inc. has a 12-month low of $75.01 and a 12-month high of $134.12.

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

About Netflix

(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.

See Also

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLXFree Report).

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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