Pittenger & Anderson Inc. Has $1.94 Million Position in Netflix, Inc. $NFLX

Pittenger & Anderson Inc. cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 86.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,192 shares of the Internet television network’s stock after selling 131,508 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Netflix were worth $1,941,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Imprint Wealth LLC bought a new stake in Netflix in the 3rd quarter valued at about $25,000. Wealth Watch Advisors INC acquired a new position in Netflix during the 3rd quarter worth approximately $103,000. Strategic Wealth Investment Group LLC bought a new position in Netflix in the second quarter worth approximately $121,000. Wiser Advisor Group LLC bought a new position in Netflix in the third quarter worth approximately $114,000. Finally, Beaird Harris Wealth Management LLC grew its stake in Netflix by 9.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network’s stock valued at $137,000 after acquiring an additional 10 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Theodore A. Sarandos sold 27,312 shares of the firm’s 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 transaction, the chief executive officer directly owned 284,804 shares of the company’s stock, valued at $25,054,207.88. This trade represents a 8.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Bradford L. Smith sold 35,990 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $77.52, for a total transaction of $2,789,944.80. Following the transaction, the director owned 79,690 shares in the company, valued at approximately $6,177,568.80. This trade represents a 31.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 899,839 shares of company stock worth $80,141,661. Company insiders own 1.24% of the company’s stock.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Some investors see Netflix’s valuation and long-term operating momentum as attractive ahead of earnings, with articles arguing the stock may be a buy before the July 16 report as the company still has strong financial execution. Here Is the Main Reason to Buy Netflix Before July 16
• Positive Sentiment: Several analysts and market commentators remain constructive, saying the recent pullback may have gone too far and that Netflix could still surprise positively on earnings if subscriber trends and margins hold up. Netflix (NFLX) Bears Have Gone Too Far Ahead of Q2
• Neutral Sentiment: Netflix remains a heavily watched stock ahead of earnings, with option traders positioning for a larger move around the July 16 report. 3 Options Strategies for Netflix Earnings Next Week
• Negative Sentiment: Reports that Netflix is considering live TV channels and bundling third-party services suggest management is worried about slowing engagement, raising concerns that growth is becoming harder to sustain. Netflix Is Exploring Live TV and Bundles as It Struggles to Keep Viewers Hooked
• Negative Sentiment: Investors are reacting to signs that viewer retention may be weakening, and the strategic pivot toward live programming is being interpreted as a response to competitive and engagement pressures. Netflix Weighs Live TV Push
• Negative Sentiment: Commentary ahead of earnings says Netflix has been in a funk for nearly a year, with the stock still facing investor concern over slowing engagement and the need for a new growth catalyst. Should You Buy Netflix Stock Before July 16? Here’s My Honest Answer

Analysts Set New Price Targets

Several research firms have recently commented on NFLX. Moffett Nathanson decreased their price objective on Netflix from $120.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, June 17th. China Renaissance increased their target price on Netflix from $90.00 to $100.00 and gave the stock a “hold” rating in a report on Friday, April 17th. Citizens Jmp reissued a “market perform” rating on shares of Netflix in a research report on Wednesday, April 15th. TD Cowen restated a “buy” rating on shares of Netflix in a research note on Thursday, May 14th. Finally, Daiwa Securities Group upped their price objective on shares of Netflix from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $113.65.

Netflix Stock Down 2.8%

Shares of NFLX stock traded down $2.10 during trading hours on Friday, reaching $73.37. The company had a trading volume of 46,556,598 shares, compared to its average volume of 45,985,956. The company has a market cap of $308.95 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41. Netflix, Inc. has a 12 month low of $70.86 and a 12 month high of $127.75. The business has a fifty day simple moving average of $81.78 and a 200-day simple moving average of $87.63.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.47. The business had revenue of $12.25 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the company posted $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, research analysts expect that Netflix, Inc. will post 3.6 earnings per share 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.