Netflix, Inc. $NFLX Shares Sold by Burney Co.

Burney Co. cut its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 70.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 67,583 shares of the Internet television network’s stock after selling 158,803 shares during the period. Burney Co.’s holdings in Netflix were worth $6,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in NFLX. Brighton Jones LLC increased its holdings in shares of Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after acquiring an additional 257 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after purchasing an additional 144 shares during the period. Sivia Capital Partners LLC increased its stake in shares of Netflix by 21.2% in the second quarter. Sivia Capital Partners LLC now owns 1,406 shares of the Internet television network’s stock valued at $1,883,000 after purchasing an additional 246 shares during the period. Strategic Investment Advisors MI raised its holdings in shares of Netflix by 18.9% during the second quarter. Strategic Investment Advisors MI now owns 774 shares of the Internet television network’s stock valued at $1,036,000 after buying an additional 123 shares during the last quarter. Finally, Schnieders Capital Management LLC. raised its holdings in shares of Netflix by 12.1% during the second quarter. Schnieders Capital Management LLC. now owns 2,115 shares of the Internet television network’s stock valued at $2,832,000 after buying an additional 228 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $76.02 on Tuesday. The company has a 50-day moving average of $83.46 and a 200-day moving average of $88.25. The firm has a market cap of $320.11 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 0.99 and a beta of 1.52. 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, Inc. has a twelve month low of $70.86 and a twelve month high of $129.50.

Netflix (NASDAQ:NFLX) last released 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 net margin of 28.52% and a return on equity of 40.92%. The business had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.17 billion. During the same period in the previous year, the firm earned $6.61 EPS. The business’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. Analysts forecast that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Theodore A. Sarandos sold 27,312 shares of Netflix stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $87.97, for a total value of $2,402,636.64. Following the transaction, the chief executive officer directly owned 284,804 shares in the company, valued at $25,054,207.88. The trade was a 8.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Reed Hastings sold 407,550 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $93.13, for a total value of $37,955,131.50. Following the sale, the director directly owned 3,940 shares in the company, valued at $366,932.20. This trade represents 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. Insiders have sold 899,839 shares of company stock valued at $80,141,661 in the last three months. Insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Moffett Nathanson reduced their price target on Netflix from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, June 17th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Netflix in a report on Wednesday, April 22nd. Sanford C. Bernstein restated an “outperform” rating on shares of Netflix in a research note on Thursday, June 4th. Piper Sandler reaffirmed an “overweight” rating and issued a $115.00 price objective (up from $103.00) on shares of Netflix in a report on Friday, April 17th. Finally, Wells Fargo & Company initiated coverage on shares of Netflix in a research report on Monday, March 9th. They issued an “equal weight” rating and a $105.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $114.26.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Several commentators say Netflix remains an attractive buy before earnings, citing its expanding ad business, potential live-sports upside, and other overlooked growth drivers that could support revenue and margins. 3 Reasons to Load Up on Netflix Stock Before July 16
• Positive Sentiment: Netflix was also highlighted by investors and market commentators as a stock to own ahead of the next market rally, reinforcing that some view the recent selloff as a buying opportunity. 3 Unstoppable Stocks to Buy Before the Next Market Rally — Including Netflix (NFLX) Stock
• Positive Sentiment: Netflix was featured in CNBC “Final Trades,” suggesting some traders still see a favorable short-term setup despite recent volatility. Netflix, Alphabet, Nike And A Consumer Defensive Stock On CNBC’s ‘Final Trades’
• Neutral Sentiment: Netflix is set to report second-quarter earnings on July 16, keeping the stock in focus as investors look for confirmation that growth is reaccelerating. Netflix Will Report Q2 Earnings on July 16. Here’s Goldman’s Take on NFLX Stock
• Negative Sentiment: Recent articles warn that Netflix may be facing a structural engagement problem, with viewers dropping shows before later seasons and competition from short-form “microdramas” threatening longer-form streaming habits. Netflix invented binge-watching. Now it may have outgrown it. Netflix: Don’t Overlook The Structural Threat Of Microdramas
• Negative Sentiment: Analyst and market coverage also noted that NFLX has been weak recently, with the stock falling as the market gained, reflecting investor caution ahead of earnings. Netflix (NFLX) Stock Sinks As Market Gains: Here’s Why
• Negative Sentiment: Options traders are pricing in a large move around earnings, signaling uncertainty and a potentially volatile reaction if results or guidance disappoint. How Wide Is The Range Of Possibilities For Netflix 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.