Leeward Financial Partners LLC Raises Stake in Netflix, Inc. $NFLX

Key Points

• Leeward Financial Partners boosted its Netflix stake by 1,082.4% in the fourth quarter, ending with 64,430 shares valued at about $6.0 million.
• Institutional ownership in Netflix remains heavy, with 80.93% of shares held by institutional investors and hedge funds, while several other small funds also sharply increased their positions.
• Analysts are generally constructive on the stock: Netflix carries a “Moderate Buy” consensus with an average price target of $114.82, even as some firms recently trimmed targets or held neutral ratings.

Leeward Financial Partners LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1,082.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,430 shares of the Internet television network's stock after purchasing an additional 58,981 shares during the quarter. Netflix comprises approximately 1.7% of Leeward Financial Partners LLC's portfolio, making the stock its 18th largest holding. Leeward Financial Partners LLC's holdings in Netflix were worth $6,041,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. First Financial Corp IN increased its stake in Netflix by 900.0% in the fourth quarter. First Financial Corp IN now owns 270 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 243 shares during the period. DiNuzzo Private Wealth Inc. raised its stake in Netflix by 885.2% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 239 shares during the last quarter. Turning Point Benefit Group Inc. raised its stake in Netflix by 13,400.0% during the 4th quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 268 shares during the last quarter. Imprint Wealth LLC purchased a new stake in Netflix during the 3rd quarter valued at approximately $25,000. Finally, MB Levis & Associates LLC raised its stake in Netflix by 177.8% during the 4th quarter. MB Levis & Associates LLC now owns 300 shares of the Internet television network's stock valued at $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.

Analyst Ratings Changes

Several analysts have commented on the company. Rosenblatt Securities reduced their price objective on Netflix from $96.00 to $95.00 and set a "neutral" rating for the company in a research note on Friday, April 17th. TD Cowen reaffirmed a "buy" rating on shares of Netflix in a research note on Thursday, May 14th. Weiss Ratings raised Netflix from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, May 4th. Piper Sandler reaffirmed an "overweight" rating and set a $115.00 price objective (up from $103.00) on shares of Netflix in a research note on Friday, April 17th. Finally, Arete Research raised Netflix from a "neutral" rating to a "buy" rating in a research note on Friday, February 27th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and sixteen have assigned a Hold rating to the company's stock. According to MarketBeat, Netflix currently has an average rating of "Moderate Buy" and an average price target of $114.82.

Netflix Stock Performance

NASDAQ NFLX opened at $87.35 on Thursday. 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 business's 50 day moving average is $93.45 and its two-hundred day moving average is $93.59. Netflix, Inc. has a 12-month low of $75.01 and a 12-month high of $134.12. The stock has a market capitalization of $367.81 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 1.11 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) 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 company had revenue of $12.25 billion for the quarter, compared to analysts' expectations of $12.17 billion. During the same quarter in the previous year, the firm posted $6.61 EPS. The firm'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. Research analysts expect 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

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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