Nicholas Hoffman & Company LLC. Grows Position in Netflix, Inc. $NFLX

Nicholas Hoffman & Company LLC. raised its stake in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 921.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,530 shares of the Internet television network’s stock after acquiring an additional 6,793 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Netflix were worth $706,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NFLX. First Financial Corp IN boosted its holdings in Netflix by 900.0% during the fourth quarter. First Financial Corp IN now owns 270 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 243 shares during the last quarter. DiNuzzo Private Wealth Inc. boosted its holdings in Netflix by 885.2% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 239 shares during the last quarter. Turning Point Benefit Group Inc. grew its position in Netflix by 13,400.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 268 shares in the last quarter. Imprint Wealth LLC purchased a new stake in Netflix in the 3rd quarter valued at about $25,000. Finally, MB Levis & Associates LLC increased its stake in Netflix by 177.8% in the 4th quarter. MB Levis & Associates LLC now owns 300 shares of the Internet television network’s stock valued at $28,000 after buying an additional 192 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In related news, Director Reed Hastings sold 407,550 shares of the business’s stock in a transaction dated 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 approximately $366,932.20. The trade was a 99.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Cletus R. Willems sold 3,136 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $82.67, for a total transaction of $259,253.12. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,431,627 shares of company stock worth $135,647,236 in the last quarter. 1.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NFLX shares. Guggenheim set a $120.00 target price on Netflix and gave the stock a “buy” rating in a research note on Friday, April 17th. Susquehanna upgraded Netflix to a “positive” rating and set a $112.00 price target on the stock in a report on Wednesday, January 21st. Rothschild & Co Redburn set a $120.00 price objective on Netflix in a research report on Wednesday, January 21st. Weiss Ratings upgraded Netflix from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Finally, Freedom Capital raised Netflix from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and fifteen have given 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.

View Our Latest Stock Analysis on NFLX

Netflix Trading Down 3.4%

NASDAQ:NFLX opened at $87.89 on Wednesday. Netflix, Inc. has a 12 month low of $75.01 and a 12 month high of $134.12. 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 firm’s 50 day moving average is $94.99 and its 200 day moving average is $96.53. The stock has a market capitalization of $370.09 billion, a PE ratio of 28.39, a price-to-earnings-growth ratio of 1.17 and a beta of 1.55.

Netflix (NASDAQ:NFLXGet Free Report) last announced its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.47. The business had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.Netflix’s revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the company earned $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Sell-side analysts expect that Netflix, Inc. will post 3.56 earnings per share for the current year.

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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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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