QRG Capital Management Inc. Has $79.55 Million Position in Netflix, Inc. $NFLX

QRG Capital Management Inc. increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 9.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 827,393 shares of the Internet television network’s stock after purchasing an additional 70,470 shares during the period. Netflix accounts for 0.8% of QRG Capital Management Inc.’s portfolio, making the stock its 18th largest holding. QRG Capital Management Inc.’s holdings in Netflix were worth $79,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Lafayette Investments Inc. boosted its position in Netflix by 15.2% in the 1st quarter. Lafayette Investments Inc. now owns 4,354 shares of the Internet television network’s stock valued at $419,000 after buying an additional 573 shares during the last quarter. Appalachian Capital Management Ltd increased its stake in shares of Netflix by 7.5% in the 1st quarter. Appalachian Capital Management Ltd now owns 4,850 shares of the Internet television network’s stock valued at $466,000 after buying an additional 340 shares during the period. HB Wealth Management LLC increased its stake in shares of Netflix by 6.6% in the 1st quarter. HB Wealth Management LLC now owns 237,387 shares of the Internet television network’s stock valued at $22,825,000 after buying an additional 14,756 shares during the period. Plimoth Trust Co. LLC raised its position in shares of Netflix by 53.7% during the first quarter. Plimoth Trust Co. LLC now owns 18,714 shares of the Internet television network’s stock worth $1,799,000 after acquiring an additional 6,540 shares during the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV raised its position in shares of Netflix by 60.3% during the first quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 16,275 shares of the Internet television network’s stock worth $1,565,000 after acquiring an additional 6,125 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling

In other news, CFO Spencer Adam Neumann sold 9,253 shares of Netflix stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $88.95, for a total transaction of $823,054.35. Following the transaction, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at $6,563,353.65. This trade represents a 11.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Reed Hastings sold 386,700 shares of Netflix stock in a transaction on Monday, June 1st. The stock was sold at an average price of $85.97, for a total transaction of $33,244,599.00. Following the transaction, the director directly owned 3,940 shares in the company, valued at approximately $338,721.80. This represents a 98.99% 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. In the last quarter, insiders sold 899,839 shares of company stock valued at $80,141,661. 1.24% of the stock is owned by company insiders.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix rallied after reports clarified that a large-scale NBCUniversal acquisition was not an imminent goal, easing takeover-related anxiety and helping investors focus back on fundamentals. Why Netflix (NFLX) Stock Is Up Today
• Positive Sentiment: Analyst commentary and investor coverage highlighted Netflix’s ad growth, pricing power, and improving free cash flow outlook as key drivers that could support the stock into earnings. Netflix Gears Up to Report Q2 Earnings: Buy, Sell or Hold the Stock?
• Positive Sentiment: Netflix’s recent AI advertising partnership with Omnicom Media Group boosted sentiment by reinforcing the company’s monetization strategy for its ad-supported tier. Netflix (NFLX) Is Up 9.5% After AI Ad Tie-Up With Omnicom Media Group – Has The Bull Case Changed?
• Neutral Sentiment: Several articles framed Netflix as a potential value or turnaround idea after a sharp six-month decline, but these were mostly opinion pieces rather than new company-specific catalysts. Netflix Stock Is Near 2021 Levels, and Bulls See 4 Reasons to Care
• Neutral Sentiment: Coverage from Jim Cramer and other commentators argued the market may be too pessimistic about Netflix’s growth, but this did not reflect a new operating update. Jim Cramer Believes the Market Is Wrong About Netflix
• Negative Sentiment: A TipRanks AI Analyst downgrade and reduced price target added caution, citing growing near-term risks for Netflix (NFLX). AI Analyst Downgrades Netflix Stock, Cuts Price Target as Near-Term Risks Grow
• Negative Sentiment: Broader commentary still notes Netflix’s stock has lagged the market over the past six months, with softer quarterly results contributing to investor disappointment. Netflix (NFLX): 3 Reasons We Love This Stock

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NFLX. Guggenheim reaffirmed a “buy” rating and set a $120.00 price target on shares of Netflix in a research note on Friday, May 15th. TD Cowen reiterated a “buy” rating on shares of Netflix in a research report on Thursday, May 14th. Wedbush reissued an “outperform” rating and set a $118.00 price objective on shares of Netflix in a report on Thursday, April 16th. HSBC upped their target price on shares of Netflix from $106.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Netflix in a research note on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $114.26.

Netflix Stock Performance

Shares of NFLX stock opened at $77.65 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market cap of $326.97 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 0.99 and a beta of 1.52. The stock has a 50-day moving average of $83.46 and a 200-day moving average of $88.29. Netflix, Inc. has a one year low of $70.86 and a one year high of $130.23.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results 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 net margin of 28.52% and a return on equity of 40.92%. The business had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.17 billion. During the same period last year, the company posted $6.61 EPS. Netflix’s revenue for the quarter was up 16.2% on a year-over-year basis. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, sell-side analysts expect that Netflix, Inc. will post 3.6 earnings per share 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.