Allen Investment Management LLC Purchases 191,101 Shares of Netflix, Inc. $NFLX

Allen Investment Management LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 755.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 216,404 shares of the Internet television network’s stock after purchasing an additional 191,101 shares during the period. Allen Investment Management LLC’s holdings in Netflix were worth $20,290,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Financial Corp IN grew its position in Netflix by 900.0% in 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. lifted its position in shares of Netflix by 885.2% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 239 shares during the last quarter. Turning Point Benefit Group Inc. boosted its stake 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 valued at $25,000 after purchasing an additional 268 shares during the period. Imprint Wealth LLC purchased a new stake in shares of Netflix during the third quarter valued at $25,000. Finally, MB Levis & Associates LLC grew its holdings in shares of Netflix by 177.8% in the fourth quarter. MB Levis & Associates LLC now owns 300 shares of the Internet television network’s stock worth $28,000 after purchasing an additional 192 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Stock Performance

Shares of NFLX stock opened at $85.85 on Tuesday. Netflix, Inc. has a 12-month low of $75.01 and a 12-month high of $134.12. The business’s fifty day simple moving average is $93.00 and its 200-day simple moving average is $93.09. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43. The company has a market cap of $361.50 billion, a PE ratio of 27.73, a PEG ratio of 1.09 and a beta of 1.50.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.47. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The company had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.17 billion. During the same period in the prior year, the company posted $6.61 EPS. The firm’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. Analysts expect that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 9,253 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $88.95, for a total transaction of $823,054.35. Following the sale, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at $6,563,353.65. The trade was a 11.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Reed Hastings sold 407,550 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $93.13, for a total value of $37,955,131.50. Following the completion of the transaction, the director directly owned 3,940 shares in the company, valued at approximately $366,932.20. The trade was a 99.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 926,329 shares of company stock valued at $87,071,177. Company insiders own 1.24% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on NFLX shares. The Goldman Sachs Group upgraded Netflix from a “neutral” rating to a “buy” rating in a report on Monday, April 13th. Rosenblatt Securities decreased their target price on Netflix from $96.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, April 17th. Jefferies Financial Group lowered their target price on Netflix from $134.00 to $128.00 and set a “buy” rating for the company in a report on Friday, April 17th. Deutsche Bank Aktiengesellschaft increased their price target on Netflix from $98.00 to $100.00 and gave the stock a “hold” rating in a research report on Tuesday, April 14th. Finally, Seaport Research Partners raised their price target on Netflix from $115.00 to $119.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $114.82.

Netflix Company Profile

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.