Tranquility Partners LLC Raises Holdings in Netflix, Inc. $NFLX

Tranquility Partners LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 737.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 10,526 shares of the Internet television network’s stock after buying an additional 9,269 shares during the quarter. Tranquility Partners LLC’s holdings in Netflix were worth $987,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Imprint Wealth LLC purchased a new position in shares of Netflix during the third quarter worth about $25,000. First Financial Corp IN grew its holdings in shares of 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. grew its holdings in shares of 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 holdings in shares of Netflix by 13,400.0% during the fourth 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 during the last quarter. Finally, MB Levis & Associates LLC grew its holdings in shares of Netflix by 177.8% during the fourth quarter. MB Levis & Associates LLC now owns 300 shares of the Internet television network’s stock worth $28,000 after purchasing an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other Netflix news, insider Cletus R. Willems sold 3,136 shares of Netflix stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $82.67, for a total value of $259,253.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Reed Hastings sold 407,550 shares of Netflix stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $93.13, for a total value of $37,955,131.50. Following the completion of the sale, the director directly owned 3,940 shares in the company, valued at $366,932.20. This represents a 99.04% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,398,593 shares of company stock worth $132,740,606 in the last three months. Company insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating on shares of Netflix in a report on Friday, April 17th. TD Cowen lowered their price target on Netflix from $115.00 to $112.00 and set a “buy” rating on the stock in a report on Wednesday, January 21st. Pivotal Research set a $96.00 price target on Netflix and gave the stock a “hold” rating in a report on Friday, April 17th. Erste Group Bank lowered Netflix from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Bank of America dropped their target price on Netflix from $149.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, March 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $114.82.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $91.05 on Tuesday. Netflix, Inc. has a 1-year low of $75.01 and a 1-year high of $134.12. The stock has a fifty day moving average price of $94.81 and a 200 day moving average price of $96.77. The company has a market cap of $383.38 billion, a PE ratio of 29.41, a P/E/G ratio of 1.18 and a beta of 1.55. 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 (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.47. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The company had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.17 billion. During the same quarter in the previous year, the company earned $6.61 EPS. The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Sell-side analysts forecast that Netflix, Inc. will post 3.56 EPS for the current year.

About Netflix

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.