Knights of Columbus Asset Advisors LLC Has $7.54 Million Stake in Netflix, Inc. $NFLX

Key Points

• Knights of Columbus Asset Advisors increased its Netflix stake by 770.9% in the fourth quarter, ending with 80,403 shares valued at about $7.54 million.
• Several hedge funds and institutional investors also adjusted their Netflix holdings, and institutions now own about 80.93% of the company.
• Netflix executives have been selling shares recently, while analysts remain generally upbeat: the stock carries a Moderate Buy consensus and an average price target of $114.82.

Knights of Columbus Asset Advisors LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 770.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,403 shares of the Internet television network's stock after acquiring an additional 71,171 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in Netflix were worth $7,539,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Apriem Advisors boosted its holdings in shares of Netflix by 0.6% during the 3rd quarter. Apriem Advisors now owns 1,567 shares of the Internet television network's stock valued at $1,879,000 after acquiring an additional 9 shares in the last quarter. Tortoise Investment Management LLC boosted its holdings in shares of Netflix by 10.8% during the 3rd quarter. Tortoise Investment Management LLC now owns 92 shares of the Internet television network's stock valued at $110,000 after acquiring an additional 9 shares in the last quarter. Brass Tax Wealth Management Inc. boosted its holdings in shares of Netflix by 3.2% during the 3rd quarter. Brass Tax Wealth Management Inc. now owns 288 shares of the Internet television network's stock valued at $345,000 after acquiring an additional 9 shares in the last quarter. Pacific Sun Financial Corp boosted its holdings in shares of Netflix by 1.6% during the 3rd quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network's stock valued at $688,000 after acquiring an additional 9 shares in the last quarter. Finally, Carl P. Sherr & Co. LLC boosted its holdings in shares of Netflix by 0.6% during the 3rd quarter. Carl P. Sherr & Co. LLC now owns 1,715 shares of the Internet television network's stock valued at $2,056,000 after acquiring an additional 10 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Transactions at Netflix

In other news, CEO Theodore A. Sarandos sold 27,312 shares of Netflix stock in a transaction dated 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 completion of the transaction, the chief executive officer directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 Netflix stock in a transaction dated 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 transaction, the chief executive officer directly owned 120,931 shares of the company's stock, valued at approximately $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 90 days, insiders sold 1,422,769 shares of company stock worth $135,144,073. Corporate insiders own 1.24% of the company's stock.

Netflix Stock Down 0.4%

Shares of NASDAQ:NFLX opened at $87.35 on Thursday. The firm 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 company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. Netflix, Inc. has a 12-month low of $75.01 and a 12-month high of $134.12. The business has a fifty day simple moving average of $93.45 and a 200 day simple moving average of $93.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share 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 during the quarter, compared to analyst estimates of $12.17 billion. During the same period last year, the company posted $6.61 EPS. The business'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. Analysts predict that Netflix, Inc. will post 3.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NFLX. Piper Sandler reissued an "overweight" rating and set a $115.00 price objective (up from $103.00) on shares of Netflix in a report on Friday, April 17th. Citizens Jmp reaffirmed a "market perform" rating on shares of Netflix in a research report on Wednesday, April 15th. Daiwa Securities Group raised their target price on Netflix from $97.00 to $102.00 and gave the stock an "outperform" rating in a research report on Thursday, April 23rd. Barclays set a $110.00 target price on Netflix and gave the stock an "equal weight" rating in a research report on Friday, April 17th. Finally, Rosenblatt Securities lowered their target price on Netflix from $96.00 to $95.00 and set a "neutral" rating for the company in a research report on Friday, April 17th. Two 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. Based on data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and an average price target of $114.82.

Netflix Company 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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