Fidelis Capital Partners LLC Acquires 43,090 Shares of Netflix, Inc. $NFLX

Key Points

• Fidelis Capital Partners dramatically increased its Netflix stake by 882.4% in the fourth quarter, buying 43,090 additional shares to bring its total holdings to 47,973 shares worth about $4.5 million.
• Netflix reported stronger-than-expected quarterly results, posting EPS of $1.23 versus estimates of $0.76 and revenue of $12.25 billion, up 16.2% year over year.
• Despite the positive earnings news, Netflix shares were down about 0.4% in Thursday trading, while analysts maintain a Moderate Buy consensus with an average price target of $114.82.

Fidelis Capital Partners LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 882.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 47,973 shares of the Internet television network's stock after acquiring an additional 43,090 shares during the period. Fidelis Capital Partners LLC's holdings in Netflix were worth $4,498,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Imprint Wealth LLC acquired a new stake in Netflix in the 3rd quarter valued at about $25,000. Bare Financial Services Inc increased its position in Netflix by 93.3% in the 3rd quarter. Bare Financial Services Inc now owns 29 shares of the Internet television network's stock valued at $35,000 after acquiring an additional 14 shares in the last quarter. Horizon Financial Services LLC increased its position in Netflix by 480.0% in the 3rd quarter. Horizon Financial Services LLC now owns 29 shares of the Internet television network's stock valued at $35,000 after acquiring an additional 24 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new stake in Netflix in the 3rd quarter valued at about $36,000. Finally, Promus Capital LLC acquired a new stake in Netflix in the 3rd quarter valued at about $48,000. 80.93% of the stock is owned by institutional investors.

Netflix Stock Down 0.4%

Shares of NASDAQ NFLX opened at $87.35 on Thursday. The stock has a market cap of $367.81 billion, a P/E ratio of 28.21, a P/E/G ratio of 1.11 and a beta of 1.55. The firm has a 50 day moving average price of $93.45 and a 200 day moving average price of $93.59. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41. Netflix, Inc. has a 52-week low of $75.01 and a 52-week high of $134.12.

Netflix (NASDAQ:NFLX - Get Free Report) 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. The firm had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The business's revenue was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Analysts expect that Netflix, Inc. will post 3.6 EPS for the current year.

Insider Activity

In other Netflix news, 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 of the company's stock, valued at approximately $25,054,207.88. This represents a 8.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through 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 on Thursday, May 7th. The stock was sold at an average price of $88.69, for a total transaction of $2,422,301.28. Following the sale, the chief executive officer directly owned 120,931 shares in the company, valued at $10,725,370.39. This trade represents a 18.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,422,769 shares of company stock valued at $135,144,073. 1.24% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NFLX. New Street Research raised their price objective on shares of Netflix from $96.00 to $102.00 in a research report on Friday, April 17th. Citigroup started coverage on shares of Netflix in a research report on Thursday, April 16th. They set a "market perform" rating for the company. Evercore started coverage on shares of Netflix in a research report on Friday, February 27th. They set an "outperform" rating and a $115.00 price target for the company. Rosenblatt Securities lowered their price target on shares of Netflix from $96.00 to $95.00 and set a "neutral" rating for the company in a research report on Friday, April 17th. Finally, Pivotal Research set a $96.00 price target on shares of Netflix 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 given a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $114.82.

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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