Morse Asset Management Inc Buys 57,611 Shares of Netflix, Inc. $NFLX

Key Points

• Morse Asset Management increased its Netflix stake by 809.3% in Q4, buying an additional 57,611 shares to hold 64,730 shares worth $6.07 million, making NFLX 1.2% of its portfolio (22nd largest holding).
• Significant insider selling occurred recently: Director Reed Hastings sold 420,550 shares (~$40.16M) and CFO Spencer Neumann sold 57,260 shares, with insiders offloading 1,398,593 shares (~$132.74M) in the last 90 days.
• Netflix beat Q1 estimates with $1.23 EPS and $12.25B revenue, set Q2 guidance at $0.78 EPS, and carries a "Moderate Buy" analyst consensus with an average price target of $114.82.

Morse Asset Management Inc increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 809.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,730 shares of the Internet television network's stock after acquiring an additional 57,611 shares during the quarter. Netflix comprises 1.2% of Morse Asset Management Inc's portfolio, making the stock its 22nd biggest holding. Morse Asset Management Inc's holdings in Netflix were worth $6,069,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. Imprint Wealth LLC acquired a new stake in shares of Netflix during the 3rd quarter worth $25,000. First Financial Corp IN grew its holdings in shares of Netflix by 900.0% during the 4th quarter. First Financial Corp IN now owns 270 shares of the Internet television network's stock worth $25,000 after purchasing an additional 243 shares in the last quarter. DiNuzzo Private Wealth Inc. grew its holdings in shares of Netflix by 885.2% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network's stock worth $25,000 after purchasing an additional 239 shares in the last quarter. Turning Point Benefit Group Inc. grew its holdings in shares of 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 worth $25,000 after purchasing an additional 268 shares in the last quarter. Finally, MB Levis & Associates LLC grew its holdings in shares of Netflix by 177.8% during the 4th quarter. MB Levis & Associates LLC now owns 300 shares of the Internet television network's stock worth $28,000 after purchasing an additional 192 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Price Performance

Shares of NFLX stock opened at $91.05 on Tuesday. 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 twelve month low of $75.01 and a twelve month high of $134.12. The company has a market cap of $383.38 billion, a P/E ratio of 29.41, a P/E/G ratio of 1.18 and a beta of 1.55. The business has a fifty day simple moving average of $94.81 and a 200 day simple moving average of $96.77.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, beating the consensus estimate of $0.76 by $0.47. The firm had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The business's quarterly revenue was up 16.2% on a year-over-year basis. During the same period last year, the company earned $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, sell-side analysts forecast that Netflix, Inc. will post 3.56 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on NFLX shares. Deutsche Bank Aktiengesellschaft increased 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. Huber Research raised Netflix from a "strong sell" rating to a "strong-buy" rating in a report on Friday, February 27th. Susquehanna raised Netflix to a "positive" rating and set a $112.00 target price on the stock in a report on Wednesday, January 21st. Rosenblatt Securities reduced their target price on Netflix from $96.00 to $95.00 and set a "neutral" rating on the stock in a report on Friday, April 17th. Finally, Wolfe Research reissued an "outperform" rating and set a $107.00 target price on shares of Netflix in a report on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $114.82.

Insider Transactions at Netflix

In other Netflix news, Director Reed Hastings sold 420,550 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $95.49, for a total value of $40,158,319.50. Following the completion of the transaction, the director directly owned 3,940 shares in the company, valued at approximately $376,230.60. This trade represents a 99.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Adam Neumann sold 57,260 shares of the stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $95.50, for a total value of $5,468,330.00. Following the completion of the transaction, the chief financial officer owned 73,787 shares of the company's stock, valued at $7,046,658.50. This represents a 43.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,398,593 shares of company stock valued at $132,740,606. 1.37% of the stock is currently owned by corporate insiders.

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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