Legacy Capital Wealth Partners LLC Has $1.19 Million Stock Position in Netflix, Inc. $NFLX

Legacy Capital Wealth Partners LLC raised its stake in Netflix, Inc. (NASDAQ:NFLXFree Report) by 1,012.3% during the 4th quarter, Holdings Channel reports. The fund owned 12,669 shares of the Internet television network’s stock after acquiring an additional 11,530 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Netflix were worth $1,188,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after purchasing an additional 257 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after purchasing an additional 144 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Netflix by 21.2% in the 2nd 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 boosted its stake in Netflix by 18.9% in the 2nd quarter. Strategic Investment Advisors MI now owns 774 shares of the Internet television network’s stock valued at $1,036,000 after purchasing an additional 123 shares during the period. Finally, Schnieders Capital Management LLC. grew its holdings in Netflix by 12.1% in the 2nd 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 in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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Netflix Stock Performance

NASDAQ:NFLX opened at $95.55 on Thursday. The company has a market cap of $403.43 billion, a price-to-earnings ratio of 37.81, a PEG ratio of 1.46 and a beta of 1.67. Netflix, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $134.12. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a fifty day moving average price of $87.73 and a 200-day moving average price of $100.01.

Netflix (NASDAQ:NFLXGet Free Report) last issued its quarterly earnings results on Tuesday, January 20th. The Internet television network reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $12.05 billion for the quarter, compared to analysts’ expectations of $11.97 billion. Netflix had a return on equity of 43.26% and a net margin of 24.30%.Netflix’s revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the business earned $0.43 earnings per share. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. As a group, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 23,439 shares of the company’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $88.11, for a total transaction of $2,065,210.29. Following the completion of the sale, the insider owned 316,100 shares of the company’s stock, valued at approximately $27,851,571. This represents a 6.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 105,781 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $82.94, for a total transaction of $8,773,476.14. Following the sale, the chief executive officer owned 122,140 shares in the company, valued at $10,130,291.60. This represents a 46.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,520,133 shares of company stock worth $137,259,786. Corporate insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NFLX. Needham & Company LLC lowered their price objective on Netflix from $150.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, January 21st. JPMorgan Chase & Co. began coverage on shares of Netflix in a research report on Monday, March 2nd. They issued an “overweight” rating and a $120.00 target price for the company. Phillip Securities upgraded shares of Netflix from a “sell” rating to a “moderate buy” rating and upped their price target for the company from $95.00 to $100.00 in a research note on Monday, January 26th. Rothschild & Co Redburn set a $120.00 price target on shares of Netflix in a research report on Wednesday, January 21st. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Netflix in a research note on Friday, March 27th. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $114.57.

Read Our Latest Stock Report on NFLX

Netflix Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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