Benjamin Edwards Inc. Has $13.76 Million Holdings in Netflix, Inc. $NFLX

Benjamin Edwards Inc. boosted its stake in Netflix, Inc. (NASDAQ:NFLXFree Report) by 807.8% in the fourth quarter, Holdings Channel reports. The firm owned 146,736 shares of the Internet television network’s stock after purchasing an additional 130,572 shares during the quarter. Benjamin Edwards Inc.’s holdings in Netflix were worth $13,757,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Crews Bank & Trust raised its stake in Netflix by 5.8% in the third quarter. Crews Bank & Trust now owns 164 shares of the Internet television network’s stock valued at $197,000 after purchasing an additional 9 shares in the last quarter. Apriem Advisors raised its stake in Netflix by 0.6% in the third quarter. Apriem Advisors now owns 1,567 shares of the Internet television network’s stock valued at $1,879,000 after purchasing an additional 9 shares in the last quarter. Tortoise Investment Management LLC raised its stake in Netflix by 10.8% in the third quarter. Tortoise Investment Management LLC now owns 92 shares of the Internet television network’s stock valued at $110,000 after purchasing an additional 9 shares in the last quarter. Brass Tax Wealth Management Inc. raised its stake in Netflix by 3.2% in the third quarter. Brass Tax Wealth Management Inc. now owns 288 shares of the Internet television network’s stock valued at $345,000 after purchasing an additional 9 shares in the last quarter. Finally, Pacific Sun Financial Corp raised its stake in Netflix by 1.6% in the third quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network’s stock valued at $688,000 after purchasing an additional 9 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of analyst reports. China Renaissance boosted their price target on Netflix from $90.00 to $100.00 and gave the company a “hold” rating in a research note on Friday, April 17th. Pivotal Research set a $96.00 price target on Netflix and gave the company a “hold” rating in a research note on Friday, April 17th. Loop Capital set a $104.00 price target on Netflix in a research note on Tuesday, January 27th. Evercore initiated coverage on Netflix in a research note on Friday, February 27th. They issued an “outperform” rating and a $115.00 price target for the company. Finally, Oppenheimer set a $120.00 price target on Netflix and gave the company an “outperform” rating in a research note on Friday, April 17th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus target price of $114.82.

Get Our Latest Stock Report on Netflix

Netflix Stock Down 1.7%

Shares of NASDAQ NFLX opened at $92.06 on Friday. 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 company has a market cap of $387.65 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 1.18 and a beta of 1.55. Netflix, Inc. has a 12 month low of $75.01 and a 12 month high of $134.12. The stock has a 50-day moving average price of $94.81 and a two-hundred day moving average price of $96.77.

Netflix (NASDAQ:NFLXGet Free Report) last issued its earnings results on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, topping the consensus estimate of $0.76 by $0.47. The firm 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%.The business’s quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, analysts forecast that Netflix, Inc. will post 3.56 earnings per share for the current fiscal year.

Key Netflix News

Here are the key news stories impacting Netflix this week:

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 27,312 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $83.24, for a total transaction of $2,273,450.88. Following the sale, the chief executive officer directly owned 122,140 shares in the company, valued at approximately $10,166,933.60. The trade was a 18.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David A. Hyman sold 5,727 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $81.06, for a total value of $464,230.62. Following the sale, the insider owned 316,100 shares in the company, valued at approximately $25,623,066. This trade represents a 1.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,382,013 shares of company stock valued at $127,482,296. Corporate insiders own 1.37% of the company’s stock.

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.

Further Reading

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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