BLI Banque de Luxembourg Investments raised its holdings in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 980.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 108,000 shares of the Internet television network’s stock after purchasing an additional 98,000 shares during the quarter. BLI Banque de Luxembourg Investments’ holdings in Netflix were worth $10,130,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in NFLX. Everett Harris & Co. CA boosted its stake in shares of Netflix by 1,274.4% during the 4th quarter. Everett Harris & Co. CA now owns 11,490 shares of the Internet television network’s stock worth $1,077,000 after acquiring an additional 10,654 shares in the last quarter. Commonwealth Retirement Investments LLC boosted its stake in shares of Netflix by 900.0% during the 4th quarter. Commonwealth Retirement Investments LLC now owns 2,610 shares of the Internet television network’s stock worth $245,000 after acquiring an additional 2,349 shares in the last quarter. Waddell & Associates LLC lifted its stake in Netflix by 858.1% in the 4th quarter. Waddell & Associates LLC now owns 14,783 shares of the Internet television network’s stock valued at $1,386,000 after buying an additional 13,240 shares in the last quarter. TIAA Trust National Association lifted its stake in Netflix by 663.9% in the 4th quarter. TIAA Trust National Association now owns 210,418 shares of the Internet television network’s stock valued at $19,729,000 after buying an additional 182,872 shares in the last quarter. Finally, Montis Financial LLC lifted its stake in Netflix by 900.0% in the 4th quarter. Montis Financial LLC now owns 6,570 shares of the Internet television network’s stock valued at $616,000 after buying an additional 5,913 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on NFLX shares. Raymond James Financial reaffirmed a “market perform” rating on shares of Netflix in a research note on Thursday, May 14th. Citic Securities upped their target price on Netflix from $95.00 to $107.00 and gave the company a “hold” rating in a research note on Monday, April 27th. The Goldman Sachs Group raised Netflix from a “neutral” rating to a “buy” rating in a research note on Monday, April 13th. Pivotal Research set a $96.00 target price on Netflix and gave the company a “hold” rating in a research note on Friday, April 17th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $107.00 target price on shares of Netflix in a research note on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.82.
Insider Buying and Selling at Netflix
In other news, insider David A. Hyman sold 5,722 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $88.08, for a total transaction of $503,993.76. Following the transaction, the insider owned 316,100 shares of the company’s stock, valued at approximately $27,842,088. This trade represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Spencer Adam Neumann sold 28,630 shares of the stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $98.00, for a total transaction of $2,805,740.00. Following the transaction, the chief financial officer directly owned 73,787 shares in the company, valued at $7,231,126. The trade was a 27.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,313,029 shares of company stock valued at $120,315,776. Corporate insiders own 1.24% of the company’s stock.
Netflix News Roundup
Here are the key news stories impacting Netflix this week:
- Positive Sentiment: Netflix is expanding its World Cup-related programming and will launch a FIFA World Cup mobile game on Netflix Games, which could boost engagement, app usage, and subscriber retention. Netflix Leans Into World Cup With New Specials And FIFA World Cup Game
- Positive Sentiment: Coverage highlighting Netflix as one of the best blue-chip or quality growth stocks under $100 is reinforcing the bull case that the stock remains attractive despite recent underperformance. Here’s Why Netflix (NFLX) Is One of the Best Blue Chip Stocks Under $100 to Buy Now
- Positive Sentiment: Netflix is rolling out generative AI tools, including voice search and mood-based recommendations, to make its large content library easier to navigate and reduce “content overload,” which may improve user experience and engagement. Netflix Rolls Out Generative AI Tools to Fix the Content Overload Problem It Created
- Positive Sentiment: Analyst and commentary pieces are speculating about Netflix’s long-term upside, including a path toward a trillion-dollar valuation by 2030, which supports a constructive sentiment around future earnings power. Will Netflix Become a Trillion-Dollar Stock by 2030?
Netflix Stock Up 0.6%
Shares of NASDAQ NFLX opened at $82.64 on Tuesday. Netflix, Inc. has a 12-month low of $75.01 and a 12-month high of $134.12. The company has a market cap of $347.98 billion, a P/E ratio of 26.69, a P/E/G ratio of 1.04 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. The stock has a fifty day moving average price of $91.99 and a 200 day moving average price of $91.72.
Netflix (NASDAQ:NFLX – Get Free Report) last posted its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.47. The company had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the prior year, the company posted $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Research analysts anticipate that Netflix, Inc. will post 3.6 EPS for the current fiscal year.
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.
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