Netflix, Inc. $NFLX Shares Purchased by Bar Harbor Wealth Management

Bar Harbor Wealth Management raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 46.5% during the first quarter, HoldingsChannel reports. The fund owned 37,597 shares of the Internet television network’s stock after acquiring an additional 11,937 shares during the quarter. Bar Harbor Wealth Management’s holdings in Netflix were worth $3,615,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Netflix by 912.5% during the fourth quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network’s stock worth $36,567,805,000 after purchasing an additional 351,493,659 shares during the last quarter. State Street Corp grew its stake in Netflix by 927.6% in the fourth quarter. State Street Corp now owns 176,780,995 shares of the Internet television network’s stock worth $16,574,986,000 after purchasing an additional 159,578,053 shares in the last quarter. Geode Capital Management LLC increased its holdings in Netflix by 892.0% in the fourth quarter. Geode Capital Management LLC now owns 99,598,678 shares of the Internet television network’s stock valued at $9,305,336,000 after buying an additional 89,558,684 shares during the last quarter. Capital World Investors increased its holdings in Netflix by 859.1% in the fourth quarter. Capital World Investors now owns 89,341,444 shares of the Internet television network’s stock valued at $8,376,656,000 after buying an additional 80,025,890 shares during the last quarter. Finally, Morgan Stanley raised its stake in Netflix by 903.0% during the fourth quarter. Morgan Stanley now owns 85,349,973 shares of the Internet television network’s stock valued at $8,002,414,000 after buying an additional 76,840,318 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is expanding its advertising business through a new AI-powered ad partnership with Omnicom and Acxiom, which could improve ad targeting and measurement and support longer-term ad revenue growth. Omnicom (OMC) Launches Fan Graph And Teams Up With Netflix On AI Ads
• Positive Sentiment: Netflix is trying to broaden engagement beyond streaming with a new original horror game due June 30, signaling more ambition in interactive entertainment. Netflix Unveils New Horror Game to Jumpstart Interactive Offerings
• Positive Sentiment: Several articles argue the stock looks inexpensive after the selloff, with some analysts and strategists pointing to upside if Netflix executes on advertising, free cash flow, and new growth initiatives. Netflix (NFLX) Stock After 42% Slide In Year Looks Cheap On Cash Flow And Earnings
• Neutral Sentiment: Citizens maintained a Market Perform rating, reflecting a mixed Wall Street view rather than a clear catalyst. Netflix (NFLX) Launches First Original Horror Game to Boost Gaming Engagement
• Negative Sentiment: Multiple reports say Netflix’s share of streaming time is declining, reinforcing fears that competitors are taking engagement and attention from the platform. Netflix’s (NFLX) Share of People’s Streaming Time Declines, Further Pressuring the Stock
• Negative Sentiment: Investors remain disappointed that Netflix has not pursued a larger M&A move, and that skepticism has weighed on sentiment after the Warner Bros. deal collapse. Why Netflix Stock Fell Today

Insider Activity at Netflix

In related news, Director Reed Hastings sold 420,550 shares of the 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 sale, the director owned 3,940 shares of the company’s stock, valued at $376,230.60. This trade represents a 99.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Theodore A. Sarandos sold 27,312 shares of Netflix stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $87.97, for a total transaction of $2,402,636.64. Following the completion of the sale, the chief executive officer owned 284,804 shares in the company, valued at approximately $25,054,207.88. This represents a 8.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 1,349,019 shares of company stock valued at $123,105,721. Company insiders own 1.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Citigroup reaffirmed a “market perform” rating on shares of Netflix in a report on Thursday, June 18th. Evercore assumed coverage on Netflix in a report on Friday, February 27th. They issued an “outperform” rating and a $115.00 price target for the company. The Goldman Sachs Group lowered Netflix from a “neutral” rating to an “underweight” rating in a research report on Thursday, June 18th. President Capital raised their price objective on Netflix from $133.00 to $134.00 and gave the stock a “buy” rating in a research note on Tuesday, March 31st. Finally, Daiwa Securities Group raised their price objective 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-three have given a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $114.26.

Netflix Trading Down 0.1%

Shares of NASDAQ NFLX opened at $72.82 on Wednesday. Netflix, Inc. has a 12-month low of $71.81 and a 12-month high of $134.12. The company has a market cap of $306.63 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 0.93 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’s 50 day simple moving average is $87.70 and its 200 day simple moving average is $89.53.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data 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 firm had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.17 billion. During the same period in the prior year, the business earned $6.61 EPS. The firm’s revenue was up 16.2% on a year-over-year basis. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Equities research analysts expect that Netflix, Inc. will post 3.6 EPS for the current year.

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.