Florida Trust Wealth Management Co Acquires 68,944 Shares of Netflix, Inc. $NFLX

Florida Trust Wealth Management Co grew its stake in Netflix, Inc. (NASDAQ:NFLXFree Report) by 1,547.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,398 shares of the Internet television network’s stock after purchasing an additional 68,944 shares during the quarter. Florida Trust Wealth Management Co’s holdings in Netflix were worth $6,882,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NFLX. Imprint Wealth LLC bought a new stake in Netflix during the 3rd quarter valued at approximately $25,000. Retirement Wealth Solutions LLC bought a new position in shares of Netflix in the 3rd quarter worth approximately $28,000. Steph & Co. raised its position in shares of Netflix by 188.9% in the 3rd quarter. Steph & Co. now owns 26 shares of the Internet television network’s stock worth $31,000 after acquiring an additional 17 shares in the last quarter. Bare Financial Services Inc lifted its stake in shares of Netflix by 93.3% in the 3rd quarter. Bare Financial Services Inc now owns 29 shares of the Internet television network’s stock valued at $35,000 after purchasing an additional 14 shares during the period. Finally, Horizon Financial Services LLC lifted its stake in shares of Netflix by 480.0% in the 3rd quarter. Horizon Financial Services LLC now owns 29 shares of the Internet television network’s stock valued at $35,000 after purchasing an additional 24 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Netflix news, CFO Spencer Adam Neumann sold 28,630 shares of the business’s stock in a transaction dated Thursday, April 2nd. The stock was 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 of the company’s stock, valued at approximately $7,231,126. The trade was a 27.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 5,727 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $81.06, for a total transaction of $464,230.62. Following the transaction, the insider owned 316,100 shares in the company, valued at $25,623,066. This represents a 1.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,543,023 shares of company stock worth $141,145,842 in the last three months. 1.37% of the stock is currently owned by company insiders.

Netflix Stock Performance

Shares of NFLX opened at $98.66 on Monday. The company has a market cap of $416.56 billion, a price-to-earnings ratio of 39.04, a P/E/G ratio of 1.50 and a beta of 1.67. The business’s fifty day simple moving average is $88.28 and its two-hundred day simple moving average is $99.72. Netflix, Inc. has a 12 month low of $75.01 and a 12 month high of $134.12. 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 (NASDAQ:NFLXGet Free Report) last posted its quarterly earnings results on Tuesday, January 20th. The Internet television network reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $11.97 billion. Netflix had a return on equity of 43.26% and a net margin of 24.30%.The company’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 earnings per share. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. Research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NFLX shares. DZ Bank restated a “buy” rating on shares of Netflix in a report on Friday, February 27th. Pivotal Research decreased their price target on shares of Netflix from $105.00 to $95.00 and set a “hold” rating for the company in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $98.00 price target (up from $95.00) on shares of Netflix in a research report on Wednesday, January 21st. Freedom Capital raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Finally, President Capital upped their price objective on shares of Netflix from $133.00 to $134.00 and gave the stock a “buy” rating in a report on Tuesday, March 31st. Two investment 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 data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average price target of $114.57.

Read Our Latest Stock Report on Netflix

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.

Further Reading

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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