Axxcess Wealth Management LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7,744.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,012,094 shares of the Internet television network's stock after buying an additional 1,986,443 shares during the quarter. Netflix makes up 0.7% of Axxcess Wealth Management LLC's investment portfolio, making the stock its 23rd largest holding. Axxcess Wealth Management LLC's holdings in Netflix were worth $188,654,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after acquiring an additional 257 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after purchasing an additional 144 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Netflix by 21.2% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,406 shares of the Internet television network's stock valued at $1,883,000 after purchasing an additional 246 shares during the last quarter. Strategic Investment Advisors MI lifted its holdings in shares of Netflix by 18.9% in the 2nd quarter. Strategic Investment Advisors MI now owns 774 shares of the Internet television network's stock valued at $1,036,000 after purchasing an additional 123 shares during the last quarter. Finally, Schnieders Capital Management LLC. lifted its holdings in shares of Netflix by 12.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,115 shares of the Internet television network's stock valued at $2,832,000 after purchasing an additional 228 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.
Trending Headlines about Netflix
Here are the key news stories impacting Netflix this week:
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. Wells Fargo & Company assumed coverage on Netflix in a report on Monday, March 9th. They issued an "equal weight" rating and a $105.00 target price for the company. JPMorgan Chase & Co. reissued a "buy" rating on shares of Netflix in a report on Wednesday, April 22nd. Piper Sandler reissued an "overweight" rating and issued a $115.00 target price (up from $103.00) on shares of Netflix in a report on Friday, April 17th. TD Cowen reissued a "buy" rating on shares of Netflix in a report on Thursday, May 14th. Finally, Citigroup assumed coverage on Netflix in a report on Thursday, April 16th. They issued a "market perform" rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and sixteen have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $114.82.
Check Out Our Latest Analysis on NFLX
Netflix Stock Performance
Shares of NFLX stock opened at $89.30 on Friday. The company has a market cap of $376.02 billion, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 1.12 and a beta of 1.55. The stock has a 50 day simple moving average of $94.00 and a 200-day simple moving average of $94.20. Netflix, Inc. has a 12-month low of $75.01 and a 12-month high of $134.12. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43.
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 analysts' consensus estimates of $0.76 by $0.47. The business 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 company's revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the prior year, the business posted $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, equities analysts forecast that Netflix, Inc. will post 3.6 EPS for the current year.
Insiders Place Their Bets
In related news, CEO Theodore A. Sarandos sold 27,312 shares of the company's stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $87.97, for a total value of $2,402,636.64. Following the sale, the chief executive officer owned 284,804 shares in the company, valued at $25,054,207.88. This represents a 8.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory K. Peters sold 27,312 shares of the company's stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $88.69, for a total value of $2,422,301.28. Following the completion of the sale, the chief executive officer owned 120,931 shares in the company, valued at approximately $10,725,370.39. This represents a 18.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,422,769 shares of company stock worth $135,144,073. 1.24% of the stock is owned by insiders.
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.
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Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX - Free Report).
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