One Capital Management LLC Boosts Stock Holdings in Netflix, Inc. $NFLX

Key Points

• One Capital Management LLC dramatically increased its Netflix stake by 6,388.2% in the fourth quarter, ending with 133,268 shares worth about $12.5 million.
• Netflix continues to attract major institutional interest, with firms like Vanguard, Geode Capital, and Baillie Gifford also sharply boosting holdings; overall, 80.93% of Netflix is owned by hedge funds and other institutions.
• Analysts remain broadly positive on the stock, with a consensus rating of Moderate Buy and an average price target of $114.82, even as insiders including CEO Theodore Sarandos and CFO Spencer Neumann recently sold shares.

One Capital Management LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 6,388.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,268 shares of the Internet television network's stock after purchasing an additional 131,214 shares during the quarter. One Capital Management LLC's holdings in Netflix were worth $12,495,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NFLX. Vanguard Group Inc. increased its holdings in shares of Netflix by 912.5% during the 4th 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 in the last quarter. Geode Capital Management LLC increased its holdings in shares of Netflix by 892.0% during the 4th 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. Norges Bank purchased a new position in shares of Netflix during the 4th quarter valued at approximately $5,803,248,000. Baillie Gifford & Co. increased its holdings in shares of Netflix by 912.3% during the 4th quarter. Baillie Gifford & Co. now owns 36,940,035 shares of the Internet television network's stock valued at $3,463,498,000 after purchasing an additional 33,290,988 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in Netflix by 639.9% in the 4th quarter. Jennison Associates LLC now owns 34,871,951 shares of the Internet television network's stock worth $3,269,594,000 after acquiring an additional 30,158,900 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Wedbush reissued an "outperform" rating and issued a $118.00 price target on shares of Netflix in a report on Thursday, April 16th. Jefferies Financial Group cut their price target on shares of Netflix from $134.00 to $128.00 and set a "buy" rating for the company in a report on Friday, April 17th. Oppenheimer set a $120.00 price target on shares of Netflix and gave the stock an "outperform" rating in a report on Friday, April 17th. Guggenheim reissued a "buy" rating and issued a $120.00 price target on shares of Netflix in a report on Friday, May 15th. Finally, Weiss Ratings raised shares of Netflix from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, May 4th. Two 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $114.82.

Insider Buying and Selling at Netflix

In other news, CEO Theodore A. Sarandos sold 27,312 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 284,804 shares of the company's stock, valued at approximately $25,054,207.88. This represents a 8.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Spencer Adam Neumann sold 9,253 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $88.95, for a total transaction of $823,054.35. Following the sale, the chief financial officer directly owned 73,787 shares in the company, valued at $6,563,353.65. This represents a 11.14% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 926,329 shares of company stock valued at $87,071,177. Corporate insiders own 1.24% of the company's stock.

Netflix Trading Down 0.2%

NASDAQ NFLX opened at $85.85 on Tuesday. The firm's 50-day moving average is $93.00 and its two-hundred day moving average is $93.09. Netflix, Inc. has a 12 month low of $75.01 and a 12 month high of $134.12. 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 stock has a market capitalization of $361.50 billion, a P/E ratio of 27.73, a PEG ratio of 1.09 and a beta of 1.50.

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 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 net margin of 28.52% and a return on equity of 40.92%. Netflix's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, sell-side analysts anticipate that Netflix, Inc. will post 3.6 earnings per share for the current year.

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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