Netflix, Inc. $NFLX Shares Purchased by Cibc World Market Inc.

Key Points

• Cibc World Market Inc. dramatically increased its Netflix position by 924.5% in the fourth quarter, adding over 1 million shares and lifting its holdings to 1,117,660 shares worth about $104.8 million.
• Netflix reported better-than-expected quarterly results, with EPS of $1.23 versus the $0.76 estimate and revenue of $12.25 billion, up 16.2% year over year.
• The stock was down 2.2% and has drawn mixed sentiment: analysts maintain a Moderate Buy consensus with an average target of $114.82, while insiders have recently sold shares, including large sales by Reed Hastings and CEO Theodore Sarandos.

Cibc World Market Inc. raised its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 924.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,117,660 shares of the Internet television network's stock after purchasing an additional 1,008,572 shares during the period. Cibc World Market Inc.'s holdings in Netflix were worth $104,792,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NFLX. Brighton Jones LLC lifted its stake in shares of Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after acquiring an additional 257 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after acquiring an additional 144 shares during the period. Sivia Capital Partners LLC lifted its stake in shares of Netflix by 21.2% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,406 shares of the Internet television network's stock worth $1,883,000 after acquiring an additional 246 shares during the period. Strategic Investment Advisors MI lifted its stake in shares of Netflix by 18.9% in the 2nd quarter. Strategic Investment Advisors MI now owns 774 shares of the Internet television network's stock worth $1,036,000 after acquiring an additional 123 shares during the period. Finally, Schnieders Capital Management LLC. lifted its stake in shares of Netflix by 12.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,115 shares of the Internet television network's stock worth $2,832,000 after acquiring an additional 228 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Down 2.2%

NFLX stock opened at $81.52 on Thursday. Netflix, Inc. has a 52-week low of $75.01 and a 52-week high of $134.12. The company's 50 day simple moving average is $92.59 and its 200-day simple moving average is $92.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $343.26 billion, a P/E ratio of 26.33, a P/E/G ratio of 1.06 and a beta of 1.50.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on NFLX shares. Jefferies Financial Group reduced their price target on shares of Netflix from $134.00 to $128.00 and set a "buy" rating for the company in a research note on Friday, April 17th. HSBC upped their price target on shares of Netflix from $106.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, April 10th. Seaport Research Partners upped their price target on shares of Netflix from $115.00 to $119.00 and gave the stock a "buy" rating in a research note on Friday, April 17th. Rosenblatt Securities reduced their price target on shares of Netflix from $96.00 to $95.00 and set a "neutral" rating for the company in a research note on Friday, April 17th. Finally, TD Cowen reaffirmed a "buy" rating on shares of Netflix in a research note on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and sixteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and an average target price of $114.82.

Insider Activity

In related news, Director Reed Hastings sold 420,550 shares of the business's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $95.49, for a total transaction of $40,158,319.50. Following the transaction, the director directly owned 3,940 shares of the company's stock, valued at approximately $376,230.60. The trade was a 99.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Theodore A. Sarandos sold 27,312 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 284,804 shares in the company, valued at $25,054,207.88. The trade was a 8.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 1,313,029 shares of company stock valued at $120,315,776 in the last three months. 1.24% of the stock is currently owned by insiders.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is still expanding beyond core streaming, with new live-content initiatives and franchise-based consumer product partnerships that could create additional revenue streams over time. A Look At Netflix (NFLX) Valuation As Live Content And Franchise Deals Broaden Its Business Model
• Positive Sentiment: Some commentary says Netflix may be attractively valued after the recent pullback, pointing to improved free cash flow guidance and a growing advertising business. Has Netflix Become More of a Value Stock Than a Growth Stock?
• Neutral Sentiment: Investors and analysts are debating whether Netflix is evolving from a pure growth stock into a more mature, value-like business, which may influence how the market prices the shares going forward. Amid the Artificial Intelligence (AI) Bonanza, Investors Might be Overlooking a Big Opportunity to Buy Netflix Stock
• Negative Sentiment: Netflix’s stock is falling even as the broader market has been stronger, reflecting weak momentum and concern that the shares may still be vulnerable after their earlier run-up. Netflix (NFLX) Stock Falls Amid Market Uptick: What Investors Need to Know
• Negative Sentiment: Director Reed Hastings sold 386,700 shares in a pre-arranged 10b5-1 plan, adding to negative sentiment even though the sale was not discretionary. Insider Selling: Netflix NASDAQ: NFLX Director Sells 386,700 Shares of Stock

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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