NWK Group Inc. Raises Stock Position in Netflix, Inc. $NFLX

Key Points

• NWK Group Inc. dramatically increased its Netflix stake by 899.5% in the fourth quarter, ending with 80,383 shares valued at about $7.54 million. Netflix now represents roughly 2.6% of NWK Group’s holdings and is its 16th-largest position.
• Several other institutional investors also added to NFLX, and hedge funds and other institutions now own 80.93% of the stock. This suggests continued strong institutional interest in Netflix despite mixed trading activity.
• Netflix posted solid quarterly results and remains well covered by analysts, with EPS of $1.23 beating estimates and revenue rising 16.2% year over year to $12.25 billion. Analysts currently assign a consensus rating of “Moderate Buy” with an average price target of $114.82.

NWK Group Inc. lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 899.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 80,383 shares of the Internet television network's stock after acquiring an additional 72,341 shares during the quarter. Netflix makes up approximately 2.6% of NWK Group Inc.'s holdings, making the stock its 16th biggest holding. NWK Group Inc.'s holdings in Netflix were worth $7,537,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NFLX. Brighton Jones LLC increased its position in shares of Netflix by 5.0% during the fourth 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 increased its position in shares of Netflix by 16.4% during the fourth 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 increased its position in shares of Netflix by 21.2% during the second 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 increased its position in shares of Netflix by 18.9% during the second 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. increased its position in shares of Netflix by 12.1% during the second 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 hedge funds and other institutional investors.

Insider Activity

In related news, CEO Gregory K. Peters sold 27,312 shares of the business's stock in a transaction 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 transaction, the chief executive officer directly owned 120,931 shares in the company, valued at $10,725,370.39. The trade was a 18.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Hyman sold 5,722 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $88.08, for a total value of $503,993.76. Following the completion of the sale, the insider owned 316,100 shares of the company's stock, valued at approximately $27,842,088. This trade represents a 1.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 1,422,769 shares of company stock worth $135,144,073 over the last quarter. Company insiders own 1.24% of the company's stock.

Netflix Stock Performance

Shares of Netflix stock opened at $87.35 on Thursday. The company has a 50-day simple moving average of $93.45 and a two-hundred day simple moving average of $93.59. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41. Netflix, Inc. has a one year low of $75.01 and a one year high of $134.12. The company has a market capitalization of $367.81 billion, a PE ratio of 28.21, a P/E/G ratio of 1.11 and a beta of 1.55.

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, topping the consensus estimate 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 period in the previous year, the company earned $6.61 earnings per share. The business's revenue for the quarter 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 fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Raymond James Financial reissued a "market perform" rating on shares of Netflix in a report on Thursday, May 14th. Citizens Jmp reissued a "market perform" rating on shares of Netflix in a report on Wednesday, April 15th. The Goldman Sachs Group raised shares of Netflix from a "neutral" rating to a "buy" rating in a report on Monday, April 13th. Phillip Securities lifted their price objective on shares of Netflix from $100.00 to $110.00 in a report on Monday, April 20th. Finally, Wedbush reissued an "outperform" rating and set a $118.00 price objective on shares of Netflix in a report on Thursday, April 16th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and sixteen have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $114.82.

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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