Netflix, Inc. $NFLX Shares Bought by AXQ Capital LP

AXQ Capital LP raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 2,663.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,636 shares of the Internet television network’s stock after acquiring an additional 20,853 shares during the quarter. Netflix accounts for about 0.5% of AXQ Capital LP’s holdings, making the stock its 26th biggest position. AXQ Capital LP’s holdings in Netflix were worth $2,029,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Apriem Advisors lifted its holdings in Netflix by 0.6% in the third quarter. Apriem Advisors now owns 1,567 shares of the Internet television network’s stock valued at $1,879,000 after acquiring an additional 9 shares during the period. Tortoise Investment Management LLC lifted its holdings in Netflix by 10.8% in the third quarter. Tortoise Investment Management LLC now owns 92 shares of the Internet television network’s stock valued at $110,000 after acquiring an additional 9 shares during the period. Brass Tax Wealth Management Inc. lifted its holdings in Netflix by 3.2% in the third quarter. Brass Tax Wealth Management Inc. now owns 288 shares of the Internet television network’s stock valued at $345,000 after acquiring an additional 9 shares during the period. Pacific Sun Financial Corp lifted its holdings in Netflix by 1.6% in the third quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network’s stock valued at $688,000 after acquiring an additional 9 shares during the period. Finally, Black Diamond Financial LLC raised its stake in shares of Netflix by 5.2% during the 3rd quarter. Black Diamond Financial LLC now owns 202 shares of the Internet television network’s stock worth $242,000 after buying an additional 10 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Down 0.2%

Shares of NFLX stock opened at $85.85 on Tuesday. The firm has a 50-day moving average price of $93.00 and a 200 day moving average price of $93.09. Netflix, Inc. has a twelve month low of $75.01 and a twelve month high of $134.12. The company has a market capitalization of $361.50 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 1.09 and a beta of 1.50. 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 (NASDAQ:NFLX) last announced its earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.47. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The firm had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.17 billion. During the same quarter in the previous year, the company posted $6.61 EPS. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Research analysts forecast that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NFLX shares. Evercore started coverage on Netflix in a research note on Friday, February 27th. They set an “outperform” rating and a $115.00 price target for the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Netflix in a research note on Friday, April 17th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Netflix in a research note on Wednesday, April 22nd. Wedbush reaffirmed an “outperform” rating and set a $118.00 price target on shares of Netflix in a research note on Thursday, April 16th. Finally, Daiwa Securities Group lifted their price target on Netflix from $97.00 to $102.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $114.82.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 27,312 shares of Netflix stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $88.69, for a total value of $2,422,301.28. Following the completion of the sale, the chief executive officer owned 120,931 shares in the company, valued at $10,725,370.39. The trade was a 18.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Reed Hastings sold 407,550 shares of Netflix stock in a transaction dated 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 sale, the director owned 3,940 shares of the company’s stock, valued at $366,932.20. This trade represents a 99.04% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 926,329 shares of company stock worth $87,071,177 over the last ninety days. Insiders own 1.24% of the company’s stock.

Netflix 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.