Birinyi Associates Inc. Decreases Stock Holdings in Netflix, Inc. $NFLX

Birinyi Associates Inc. lowered its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 77.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 5,100 shares of the Internet television network’s stock after selling 17,785 shares during the quarter. Birinyi Associates Inc.’s holdings in Netflix were worth $490,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NFLX. Checchi Capital Advisers LLC increased its stake in shares of Netflix by 875.7% during the fourth quarter. Checchi Capital Advisers LLC now owns 31,143 shares of the Internet television network’s stock valued at $2,920,000 after buying an additional 27,951 shares during the period. Contravisory Investment Management Inc. lifted its stake in Netflix by 837.2% in the fourth quarter. Contravisory Investment Management Inc. now owns 111,380 shares of the Internet television network’s stock worth $10,443,000 after acquiring an additional 99,496 shares during the period. BNC Wealth Management LLC lifted its stake in Netflix by 991.3% in the fourth quarter. BNC Wealth Management LLC now owns 41,229 shares of the Internet television network’s stock worth $3,866,000 after acquiring an additional 37,451 shares during the period. Crew Capital Management Ltd grew its holdings in Netflix by 1,021.9% during the 4th quarter. Crew Capital Management Ltd now owns 9,031 shares of the Internet television network’s stock worth $847,000 after acquiring an additional 8,226 shares in the last quarter. Finally, Family Capital Trust Co grew its holdings in Netflix by 20,869.5% during the 4th quarter. Family Capital Trust Co now owns 27,470 shares of the Internet television network’s stock worth $2,576,000 after acquiring an additional 27,339 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Price Performance

NASDAQ NFLX opened at $73.83 on Tuesday. The stock’s fifty day moving average price is $81.38 and its 200 day moving average price is $87.45. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market cap of $310.88 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 0.93 and a beta of 1.52. Netflix, Inc. has a 1 year low of $70.86 and a 1 year high of $127.75.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share 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 firm had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.17 billion. During the same quarter in the prior year, the business earned $6.61 earnings per share. The business’s quarterly 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. As a group, equities research analysts forecast that Netflix, Inc. will post 3.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NFLX shares. Piper Sandler restated an “overweight” rating and issued a $115.00 price target (up from $103.00) on shares of Netflix in a report on Friday, April 17th. Daiwa Securities Group increased their price objective on shares of Netflix from $97.00 to $102.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Wedbush reissued an “outperform” rating and set a $118.00 price objective on shares of Netflix in a report on Thursday, April 16th. Citizens Jmp reissued a “market perform” rating on shares of Netflix in a research note on Wednesday, April 15th. Finally, Needham & Company LLC restated a “buy” rating on shares of Netflix in a report on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.51.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Several analysts remain constructive on Netflix heading into earnings, with TD Cowen, JPMorgan, Wedbush and others pointing to solid profit growth, expanding ad revenue, better ad pricing and stronger content in the second half of the year. Article Title
• Positive Sentiment: Options traders are betting on a comeback quarter, suggesting some market participants expect Netflix to beat subdued expectations after the stock’s sharp decline and low valuation. Article Title
• Positive Sentiment: Retail and value investors appear to be rotating back into NFLX because the shares have dropped to multi-year lows, making the stock look cheaper relative to growth and free-cash-flow potential. Article Title
• Neutral Sentiment: Netflix also announced an exclusive live stream of MLB’s Home Run Derby, reinforcing its push into live sports and event programming, but the near-term stock impact is likely limited unless it shows broader engagement benefits. Article Title
• Negative Sentiment: Some firms, including KeyBanc and Oppenheimer, trimmed price targets and warned the Q2 report may be only “largely in line,” reflecting lingering concerns about subscriber engagement, content costs and whether advertising can offset weaker sentiment. Article Title
• Negative Sentiment: Multiple reports note that NFLX has fallen sharply from recent highs and that Wall Street expects a tough quarter, so expectations remain fragile and the stock could swing if results or guidance disappoint. Article Title

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 9,253 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $88.95, for a total transaction of $823,054.35. Following the completion of the sale, the chief financial officer directly owned 73,787 shares in the company, valued at approximately $6,563,353.65. The trade was a 11.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the insider owned 316,100 shares of the company’s stock, valued at approximately $27,842,088. The trade was a 1.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 899,839 shares of company stock worth $80,141,661. 1.24% of the stock is currently owned by company insiders.

Netflix Company 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.