Boxwood Ventures Inc. Invests $4.69 Million in Netflix, Inc. $NFLX

Key Points

• Boxwood Ventures disclosed a new fourth-quarter stake in Netflix, buying 50,030 shares valued at about $4.69 million. Netflix now makes up 4.7% of the firm’s portfolio and is its 7th-largest holding.
• Several other institutional investors also increased their Netflix positions, and 80.93% of the stock is owned by institutions overall. This suggests continued strong interest from professional investors.
• Netflix insider activity showed notable selling, including CEO Theodore Sarandos and director Reed Hastings, while analysts remain broadly positive with a Moderate Buy consensus and a target price of $114.82.

Boxwood Ventures Inc. purchased a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 50,030 shares of the Internet television network's stock, valued at approximately $4,691,000. Netflix accounts for 4.7% of Boxwood Ventures Inc.'s portfolio, making the stock its 7th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFLX. Brighton Jones LLC grew its holdings in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after buying an additional 257 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after acquiring an additional 144 shares during the period. Sivia Capital Partners LLC grew its stake in shares of Netflix by 21.2% in the second quarter. Sivia Capital Partners LLC now owns 1,406 shares of the Internet television network's stock valued at $1,883,000 after acquiring an additional 246 shares in the last quarter. Strategic Investment Advisors MI grew its stake in shares of Netflix by 18.9% in the second quarter. Strategic Investment Advisors MI now owns 774 shares of the Internet television network's stock valued at $1,036,000 after acquiring an additional 123 shares in the last quarter. Finally, Schnieders Capital Management LLC. increased its position in Netflix by 12.1% during the second quarter. Schnieders Capital Management LLC. now owns 2,115 shares of the Internet television network's stock worth $2,832,000 after acquiring an additional 228 shares during the period. 80.93% of the stock is owned by institutional investors.

Insider Activity at Netflix

In other news, CEO Theodore A. Sarandos sold 27,312 shares of the firm'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 completion of the transaction, the chief executive officer owned 284,804 shares of the company's stock, valued at approximately $25,054,207.88. This trade represents a 8.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Reed Hastings sold 407,550 shares of Netflix stock in a transaction on Friday, May 1st. The stock was sold at an average price of $93.13, for a total transaction of $37,955,131.50. Following the transaction, the director owned 3,940 shares in the company, valued at approximately $366,932.20. This trade represents a 99.04% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 1,422,769 shares of company stock valued at $135,144,073. Corporate insiders own 1.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Oppenheimer set a $120.00 price objective on shares of Netflix and gave the company an "outperform" rating in a report on Friday, April 17th. TD Cowen reaffirmed a "buy" rating on shares of Netflix in a report on Thursday, May 14th. Wedbush reiterated an "outperform" rating and set a $118.00 target price on shares of Netflix in a research report on Thursday, April 16th. China Renaissance raised their price target on Netflix from $90.00 to $100.00 and gave the stock a "hold" rating in a research report on Friday, April 17th. Finally, Citigroup initiated coverage on Netflix in a research note 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 issued a Hold rating to the company. According to MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and a consensus price target of $114.82.

Netflix Stock Down 0.4%

NFLX stock opened at $87.35 on Thursday. The firm has a 50-day moving average price of $93.45 and a 200-day moving average price of $93.59. 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. The stock has a market capitalization of $367.81 billion, a P/E ratio of 28.21, a price-to-earnings-growth ratio of 1.11 and a beta of 1.55.

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 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 firm had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.17 billion. During the same quarter last year, the business posted $6.61 earnings per share. The company's quarterly revenue 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, equities research analysts anticipate that Netflix, Inc. will post 3.6 EPS for the current fiscal year.

Netflix Profile

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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