Netflix, Inc. $NFLX Shares Purchased by Cidel Asset Management Inc.

Key Points

• Cidel Asset Management significantly increased its Netflix stake in Q1, boosting its position by 1,449.1% to 126,545 shares worth about $12.2 million.
• Netflix continues to attract heavy institutional ownership, with large holders like Vanguard, State Street, and Geode also reporting major stakes; overall, 80.93% of the stock is owned by institutions and hedge funds.
• The company recently beat earnings expectations, reporting $1.23 EPS versus $0.76 expected and revenue of $12.25 billion, while analysts maintain a Moderate Buy consensus with an average price target of $114.26.

Cidel Asset Management Inc. boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1,449.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,545 shares of the Internet television network's stock after acquiring an additional 118,376 shares during the quarter. Cidel Asset Management Inc.'s holdings in Netflix were worth $12,167,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Netflix by 912.5% in the fourth quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network's stock valued at $36,567,805,000 after purchasing an additional 351,493,659 shares during the period. State Street Corp grew its holdings in shares of Netflix by 927.6% in the fourth quarter. State Street Corp now owns 176,780,995 shares of the Internet television network's stock valued at $16,574,986,000 after purchasing an additional 159,578,053 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Netflix by 892.0% in the fourth quarter. Geode Capital Management LLC now owns 99,598,678 shares of the Internet television network's stock valued at $9,305,336,000 after purchasing an additional 89,558,684 shares in the last quarter. Capital World Investors increased its stake in Netflix by 859.1% during the 4th quarter. Capital World Investors now owns 89,341,444 shares of the Internet television network's stock worth $8,376,656,000 after buying an additional 80,025,890 shares during the period. Finally, Morgan Stanley increased its stake in Netflix by 903.0% during the 4th quarter. Morgan Stanley now owns 85,349,973 shares of the Internet television network's stock worth $8,002,414,000 after buying an additional 76,840,318 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Performance

Shares of NFLX stock opened at $72.82 on Wednesday. The company has a market cap of $306.63 billion, a P/E ratio of 23.52, a PEG ratio of 0.93 and a beta of 1.50. The firm has a fifty day moving average price of $87.70 and a 200 day moving average price of $89.53. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43. Netflix, Inc. has a 12 month low of $71.81 and a 12 month high of $134.12.

Netflix (NASDAQ:NFLX - Get Free Report) last posted 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 company had revenue of $12.25 billion for the quarter, compared to analysts' expectations of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.Netflix's quarterly revenue was up 16.2% on a year-over-year basis. During the same period last year, the firm earned $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Sell-side analysts predict that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 27,312 shares of the business'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 transaction of $2,422,301.28. Following the completion of the sale, the chief executive officer owned 120,931 shares in the company, valued at $10,725,370.39. The trade was a 18.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Reed Hastings sold 420,550 shares of the company'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 value of $40,158,319.50. Following the completion of the transaction, the director directly owned 3,940 shares of the company's stock, valued at $376,230.60. This trade represents a 99.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 1,349,019 shares of company stock worth $123,105,721. 1.24% of the stock is currently owned by company insiders.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is expanding its advertising business through a new AI-powered ad partnership with Omnicom and Acxiom, which could improve ad targeting and measurement and support longer-term ad revenue growth. Omnicom (OMC) Launches Fan Graph And Teams Up With Netflix On AI Ads
• Positive Sentiment: Netflix is trying to broaden engagement beyond streaming with a new original horror game due June 30, signaling more ambition in interactive entertainment. Netflix Unveils New Horror Game to Jumpstart Interactive Offerings
• Positive Sentiment: Several articles argue the stock looks inexpensive after the selloff, with some analysts and strategists pointing to upside if Netflix executes on advertising, free cash flow, and new growth initiatives. Netflix (NFLX) Stock After 42% Slide In Year Looks Cheap On Cash Flow And Earnings
• Neutral Sentiment: Citizens maintained a Market Perform rating, reflecting a mixed Wall Street view rather than a clear catalyst. Netflix (NFLX) Launches First Original Horror Game to Boost Gaming Engagement
• Negative Sentiment: Multiple reports say Netflix’s share of streaming time is declining, reinforcing fears that competitors are taking engagement and attention from the platform. Netflix’s (NFLX) Share of People’s Streaming Time Declines, Further Pressuring the Stock
• Negative Sentiment: Investors remain disappointed that Netflix has not pursued a larger M&A move, and that skepticism has weighed on sentiment after the Warner Bros. deal collapse. Why Netflix Stock Fell Today

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NFLX. Moffett Nathanson reduced their price objective on Netflix from $120.00 to $115.00 and set a "buy" rating on the stock in a research note on Wednesday, June 17th. Seaport Research Partners boosted their target price on Netflix from $115.00 to $119.00 and gave the stock a "buy" rating in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft upped their price target on Netflix from $98.00 to $100.00 and gave the stock a "hold" rating in a report on Tuesday, April 14th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Netflix in a research report on Thursday, June 4th. Finally, Arete Research upgraded Netflix from a "neutral" rating to a "buy" rating in a research note on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $114.26.

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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