BlackDiamond Wealth Management LLC Raises Holdings in Netflix, Inc. $NFLX

BlackDiamond Wealth Management LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1,019.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,743 shares of the Internet television network’s stock after purchasing an additional 7,962 shares during the period. BlackDiamond Wealth Management LLC’s holdings in Netflix were worth $820,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NFLX. WCG Wealth Advisors LLC purchased a new position in Netflix in the fourth quarter worth approximately $19,004,000. Goldstein Advisors LLC grew its position in Netflix by 779.7% in the fourth quarter. Goldstein Advisors LLC now owns 4,636 shares of the Internet television network’s stock worth $435,000 after acquiring an additional 4,109 shares during the period. Nvest Financial LLC grew its position in Netflix by 1,213.2% in the fourth quarter. Nvest Financial LLC now owns 38,609 shares of the Internet television network’s stock worth $3,620,000 after acquiring an additional 35,669 shares during the period. GKV Capital Management Co. Inc. grew its position in Netflix by 911.6% in the fourth quarter. GKV Capital Management Co. Inc. now owns 26,980 shares of the Internet television network’s stock worth $2,530,000 after acquiring an additional 24,313 shares during the period. Finally, Johnson Financial Group LLC purchased a new position in Netflix in the fourth quarter worth approximately $219,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 2.2%

Shares of NASDAQ NFLX opened at $81.52 on Thursday. The business has a 50-day moving average of $92.59 and a two-hundred day moving average of $92.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41. Netflix, Inc. has a 1 year low of $75.01 and a 1 year high of $134.12. The company has a market capitalization of $343.26 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 1.06 and a beta of 1.50.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.47. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The business had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.17 billion. During the same quarter in the previous year, the firm earned $6.61 earnings per share. The business’s 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. On average, analysts forecast that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is still expanding beyond core streaming, with new live-content initiatives and franchise-based consumer product partnerships that could create additional revenue streams over time. A Look At Netflix (NFLX) Valuation As Live Content And Franchise Deals Broaden Its Business Model
• Positive Sentiment: Some commentary says Netflix may be attractively valued after the recent pullback, pointing to improved free cash flow guidance and a growing advertising business. Has Netflix Become More of a Value Stock Than a Growth Stock?
• Neutral Sentiment: Investors and analysts are debating whether Netflix is evolving from a pure growth stock into a more mature, value-like business, which may influence how the market prices the shares going forward. Amid the Artificial Intelligence (AI) Bonanza, Investors Might be Overlooking a Big Opportunity to Buy Netflix Stock
• Negative Sentiment: Netflix’s stock is falling even as the broader market has been stronger, reflecting weak momentum and concern that the shares may still be vulnerable after their earlier run-up. Netflix (NFLX) Stock Falls Amid Market Uptick: What Investors Need to Know
• Negative Sentiment: Director Reed Hastings sold 386,700 shares in a pre-arranged 10b5-1 plan, adding to negative sentiment even though the sale was not discretionary. Insider Selling: Netflix (NASDAQ:NFLX) Director Sells 386,700 Shares of Stock

Insider Transactions at Netflix

In related news, CEO Gregory K. Peters sold 27,312 shares of the business’s 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Reed Hastings sold 420,550 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $95.49, for a total value of $40,158,319.50. Following the completion of the transaction, the director owned 3,940 shares in the company, valued at $376,230.60. This trade represents a 99.07% decrease in their position. 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. Insiders have sold a total of 1,313,029 shares of company stock worth $120,315,776 over the last three months. 1.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NFLX has been the subject of several analyst reports. Pivotal Research set a $96.00 price objective on Netflix and gave the stock a “hold” rating in a research report on Friday, April 17th. Rosenblatt Securities lowered their price target on Netflix from $96.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, April 17th. Phillip Securities raised their price target on Netflix from $100.00 to $110.00 in a research report on Monday, April 20th. Erste Group Bank lowered Netflix from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Bank of America restated a “buy” rating and set a $125.00 price target on shares of Netflix in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $114.82.

About Netflix

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.