Allen Investment Management LLC Increases Stake in Netflix, Inc. $NFLX

Key Points

• Allen Investment Management LLC increased its Netflix stake by 755.3% in the fourth quarter, ending with 216,404 shares worth about $20.3 million.
• Several other institutional investors also boosted holdings, and institutions now own 80.93% of Netflix’s stock, indicating continued strong institutional interest.
• Analysts remain generally positive on NFLX, with an average “Moderate Buy” rating and an average price target of $114.82; Netflix also recently beat quarterly earnings and revenue estimates.

Allen Investment Management LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 755.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 216,404 shares of the Internet television network's stock after acquiring an additional 191,101 shares during the period. Allen Investment Management LLC's holdings in Netflix were worth $20,290,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NFLX. Vanguard Group Inc. grew its stake in shares of Netflix by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 38,521,322 shares of the Internet television network's stock valued at $46,183,983,000 after purchasing an additional 142,238 shares during the period. Checchi Capital Advisers LLC lifted its stake in shares of Netflix by 875.7% in the 4th quarter. Checchi Capital Advisers LLC now owns 31,143 shares of the Internet television network's stock worth $2,920,000 after purchasing an additional 27,951 shares during the period. Contravisory Investment Management Inc. boosted its holdings in shares of Netflix by 837.2% in the fourth quarter. Contravisory Investment Management Inc. now owns 111,380 shares of the Internet television network's stock worth $10,443,000 after buying an additional 99,496 shares during the last quarter. BNC Wealth Management LLC grew its position in Netflix by 991.3% during the fourth quarter. BNC Wealth Management LLC now owns 41,229 shares of the Internet television network's stock valued at $3,866,000 after buying an additional 37,451 shares during the period. Finally, Crew Capital Management Ltd grew its position in Netflix by 1,021.9% during the fourth quarter. Crew Capital Management Ltd now owns 9,031 shares of the Internet television network's stock valued at $847,000 after buying an additional 8,226 shares during the period. Institutional investors own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NFLX shares. Barclays set a $110.00 price target on shares of Netflix and gave the stock an "equal weight" rating in a research report on Friday, April 17th. Bank of America restated a "buy" rating and issued a $125.00 price objective on shares of Netflix in a research note on Monday, May 18th. Weiss Ratings raised Netflix from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, May 4th. Needham & Company LLC reiterated a "buy" rating on shares of Netflix in a research report on Friday, April 17th. Finally, Cfra raised Netflix from a "hold" rating to a "buy" rating and set a $115.00 price target for the company in a report on Friday, March 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and sixteen have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $114.82.

Insider Transactions at Netflix

In related news, CEO Gregory K. Peters sold 27,312 shares of the business's stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $88.69, for a total value of $2,422,301.28. Following the sale, the chief executive officer owned 120,931 shares in the company, valued at approximately $10,725,370.39. The trade was a 18.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Theodore A. Sarandos sold 27,312 shares of the company's stock in a transaction on 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 sale, the chief executive officer directly owned 284,804 shares in the company, valued at approximately $25,054,207.88. The trade was a 8.75% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 926,329 shares of company stock valued at $87,071,177 in the last 90 days. Company insiders own 1.24% of the company's stock.

Netflix Stock Performance

NFLX opened at $85.85 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market capitalization of $361.50 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 1.09 and a beta of 1.50. The company has a fifty day moving average of $93.00 and a 200 day moving average of $93.09. Netflix, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $134.12.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its 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. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The firm had revenue of $12.25 billion for the quarter, compared to analysts' expectations of $12.17 billion. During the same period in the previous year, the firm posted $6.61 earnings per share. The business's revenue was up 16.2% compared to the same quarter last year. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, sell-side analysts forecast that Netflix, Inc. will post 3.6 earnings per share for the current fiscal 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.

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