Clearbridge Investments LLC Buys 15,044,113 Shares of Netflix, Inc. $NFLX

Key Points

• Clearbridge Investments LLC sharply boosted its Netflix stake by 924.7% in the fourth quarter, buying 15,044,113 shares and bringing its holdings to 16,671,024 shares valued at about $1.56 billion.
• Institutional ownership remains high, with about 80.93% of Netflix shares held by institutions and hedge funds. Several smaller funds also added to or initiated positions during the quarter.
• Insider selling has been notable, including recent sales by CFO Spencer Adam Neumann and director Reed Hastings, with insiders selling 1.31 million shares worth about $120.3 million in the last quarter.

Clearbridge Investments LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 924.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,671,024 shares of the Internet television network's stock after acquiring an additional 15,044,113 shares during the quarter. Netflix makes up 1.2% of Clearbridge Investments LLC's holdings, making the stock its 9th largest holding. Clearbridge Investments LLC owned about 0.39% of Netflix worth $1,563,075,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. First Financial Corp IN grew its holdings in shares of Netflix by 900.0% in the 4th quarter. First Financial Corp IN now owns 270 shares of the Internet television network's stock worth $25,000 after acquiring an additional 243 shares during the last quarter. DiNuzzo Private Wealth Inc. grew its holdings in shares of Netflix by 885.2% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network's stock worth $25,000 after acquiring an additional 239 shares during the last quarter. Turning Point Benefit Group Inc. grew its holdings in shares of Netflix by 13,400.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network's stock worth $25,000 after acquiring an additional 268 shares during the last quarter. Imprint Wealth LLC acquired a new position in shares of Netflix in the 3rd quarter worth $25,000. Finally, MB Levis & Associates LLC grew its holdings in shares of Netflix by 177.8% in the 4th quarter. MB Levis & Associates LLC now owns 300 shares of the Internet television network's stock worth $28,000 after acquiring an additional 192 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 9,253 shares of the business's stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $88.95, for a total value of $823,054.35. Following the completion of the sale, the chief financial officer owned 73,787 shares of the company's stock, valued at $6,563,353.65. The trade was a 11.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Reed Hastings sold 386,700 shares of the business's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $85.97, for a total value of $33,244,599.00. Following the completion of the sale, the director directly owned 3,940 shares of the company's stock, valued at $338,721.80. This represents a 98.99% 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 quarter, insiders have sold 1,313,029 shares of company stock valued at $120,315,776. 1.24% of the stock is currently owned by company insiders.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is getting a boost from reports that Canada reversed a requirement that U.S. streaming services contribute part of local revenue to Canadian content, removing a potential cost/regulatory headwind. Netflix Stock Rises After Eight-Day Losing Streak. What’s Fueling the Move.
• Positive Sentiment: Netflix is expanding AI-driven viewing tools and content discovery features, including more personalized recommendations and a voice-based interface, which could improve engagement and retention. Netflix Bets On AI Tools As Stock Trades Below Analyst Targets
• Positive Sentiment: Bernstein said Netflix’s core business remains strong, reinforcing the view that the company’s underlying growth engine is intact despite recent weakness in the stock. “Don’t Ignore This,” Bernstein Analyst Says Netflix’s (NFLX) Core Engine Remains Strong
• Positive Sentiment: Wall Street commentary remains broadly optimistic, with analysts keeping a constructive view on Netflix after its strong earnings and revenue beat last quarter. Wall Street Bulls Look Optimistic About Netflix (NFLX): Should You Buy?

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NFLX shares. Deutsche Bank Aktiengesellschaft lifted their target price on Netflix from $98.00 to $100.00 and gave the stock a "hold" rating in a report on Tuesday, April 14th. Morgan Stanley reaffirmed an "overweight" rating on shares of Netflix in a research report on Friday, April 17th. Citigroup started coverage on Netflix in a research report on Thursday, April 16th. They issued a "market perform" rating for the company. Citizens Jmp reaffirmed a "market perform" rating on shares of Netflix in a research report on Wednesday, April 15th. Finally, China Renaissance raised their target price on Netflix from $90.00 to $100.00 and gave the stock a "hold" rating in a research report on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and sixteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $114.82.

Netflix Price Performance

NFLX opened at $82.18 on Friday. The stock has a market cap of $346.04 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 1.04 and a beta of 1.50. Netflix, Inc. has a 1 year low of $75.01 and a 1 year 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 fifty day moving average price of $92.21 and a 200 day moving average price of $92.07.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.47. The firm had revenue of $12.25 billion during the quarter, compared to analysts' expectations of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The business's revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter last year, the firm earned $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Analysts forecast that Netflix, Inc. will post 3.6 EPS 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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