Stonebrook Private Inc. Increases Stake in Netflix, Inc. $NFLX

Stonebrook Private Inc. increased its position in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 896.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,575 shares of the Internet television network’s stock after purchasing an additional 10,413 shares during the period. Stonebrook Private Inc.’s holdings in Netflix were worth $1,085,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Imprint Wealth LLC bought a new position in Netflix in the 3rd quarter valued at $25,000. Bare Financial Services Inc lifted its position in shares of Netflix by 93.3% during the third quarter. Bare Financial Services Inc now owns 29 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 14 shares during the last quarter. Horizon Financial Services LLC lifted its position in shares of Netflix by 480.0% during the third quarter. Horizon Financial Services LLC now owns 29 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 24 shares during the last quarter. Redmont Wealth Advisors LLC purchased a new stake in shares of Netflix during the third quarter valued at $36,000. Finally, Promus Capital LLC purchased a new stake in shares of Netflix during the third quarter valued at $48,000. 80.93% of the stock is currently owned by institutional investors.

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Insider Activity at Netflix

In other Netflix news, Director Reed Hastings sold 420,550 shares of Netflix stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $95.49, for a total transaction of $40,158,319.50. Following the completion of the sale, the director directly owned 3,940 shares in the company, valued at approximately $376,230.60. The trade was a 99.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Adam Neumann sold 28,630 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $98.00, for a total transaction of $2,805,740.00. Following the completion of the sale, the chief financial officer owned 73,787 shares in the company, valued at $7,231,126. The trade was a 27.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,313,029 shares of company stock worth $120,315,776 in the last ninety days. 1.24% of the stock is owned by company insiders.

Analyst Ratings Changes

NFLX has been the topic of several recent analyst reports. Evercore began coverage on shares of Netflix in a research note on Friday, February 27th. They issued an “outperform” rating and a $115.00 price target on the stock. Wells Fargo & Company started coverage on shares of Netflix in a research report on Monday, March 9th. They issued an “equal weight” rating and a $105.00 price objective for the company. Raymond James Financial reaffirmed a “market perform” rating on shares of Netflix in a research report on Thursday, May 14th. Morgan Stanley restated an “overweight” rating on shares of Netflix in a report on Friday, April 17th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Netflix in a research report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and sixteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $114.82.

Get Our Latest Stock Analysis on Netflix

Netflix Trading Down 1.5%

Shares of NASDAQ:NFLX opened at $81.41 on Wednesday. The business’s 50-day moving average is $91.75 and its 200 day moving average is $91.52. 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 1 year low of $75.01 and a 1 year high of $134.12. The firm has a market capitalization of $342.80 billion, a P/E ratio of 26.30, a P/E/G ratio of 1.05 and a beta of 1.50.

Netflix (NASDAQ:NFLXGet Free Report) last released its earnings results on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.47. The company had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. Netflix’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same period last year, the business earned $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, research analysts predict that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

About Netflix

(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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