QRG Capital Management Inc. Has $70.97 Million Stock Holdings in Netflix, Inc. $NFLX

Key Points

• QRG Capital Management boosted its Netflix stake by 890.1% in Q4 to 756,923 shares worth about $70.97 million, making Netflix roughly 0.8% of the fund and its 17th-largest holding.
• Insiders have been sizable net sellers recently: director Reed Hastings sold 407,550 shares (~$37.96M) under a Rule 10b5‑1 plan, and insiders disposed of about 1.398M shares (~$132.74M) over the past three months.
• Netflix outperformed estimates last quarter with $1.23 EPS (vs. $0.76 expected) and $12.25B in revenue (up 16.2% YoY); analysts average a "Moderate Buy" rating with a target of $114.82.

QRG Capital Management Inc. increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 890.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 756,923 shares of the Internet television network's stock after purchasing an additional 680,474 shares during the period. Netflix makes up approximately 0.8% of QRG Capital Management Inc.'s holdings, making the stock its 17th largest position. QRG Capital Management Inc.'s holdings in Netflix were worth $70,969,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Crews Bank & Trust raised its holdings in shares of Netflix by 5.8% in the 3rd quarter. Crews Bank & Trust now owns 164 shares of the Internet television network's stock worth $197,000 after buying an additional 9 shares in the last quarter. Apriem Advisors raised its holdings in shares of Netflix by 0.6% in the 3rd quarter. Apriem Advisors now owns 1,567 shares of the Internet television network's stock worth $1,879,000 after buying an additional 9 shares in the last quarter. Tortoise Investment Management LLC raised its holdings in shares of Netflix by 10.8% in the 3rd quarter. Tortoise Investment Management LLC now owns 92 shares of the Internet television network's stock worth $110,000 after buying an additional 9 shares in the last quarter. Pacific Sun Financial Corp raised its holdings in shares of Netflix by 1.6% in the 3rd quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network's stock worth $688,000 after buying an additional 9 shares in the last quarter. Finally, Brass Tax Wealth Management Inc. raised its holdings in shares of Netflix by 3.2% in the 3rd quarter. Brass Tax Wealth Management Inc. now owns 288 shares of the Internet television network's stock worth $345,000 after buying an additional 9 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. UBS Group set a $104.00 target price on Netflix in a report on Tuesday, January 27th. Pivotal Research set a $96.00 price target on Netflix and gave the stock a "hold" rating in a research report on Friday, April 17th. Bank of America decreased their price target on Netflix from $149.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, March 6th. Weiss Ratings lowered Netflix from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada restated a "hold" rating on shares of Netflix in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and fifteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Netflix has an average rating of "Moderate Buy" and an average target price of $114.82.

Insider Buying and Selling at Netflix

In related news, Director Reed Hastings sold 407,550 shares of the firm's stock in a transaction on Friday, May 1st. The stock was sold at an average price of $93.13, for a total transaction of $37,955,131.50. Following the sale, the director owned 3,940 shares of the company's stock, valued at approximately $366,932.20. This trade represents a 99.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory K. Peters sold 27,312 shares of the firm's stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $83.24, for a total value of $2,273,450.88. Following the sale, the chief executive officer directly owned 122,140 shares in the company, valued at $10,166,933.60. The trade was a 18.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,398,593 shares of company stock worth $132,740,606 in the last three months. 1.37% of the stock is owned by insiders.

Netflix Stock Down 1.1%

NASDAQ:NFLX opened at $91.05 on Tuesday. Netflix, Inc. has a 12-month low of $75.01 and a 12-month high of $134.12. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The firm has a market capitalization 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 stock's fifty day simple moving average is $94.81 and its 200-day simple moving average is $96.77.

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 (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.47. The business had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The firm's revenue was up 16.2% on a year-over-year basis. During the same period last year, the company earned $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Equities research analysts expect that Netflix, Inc. will post 3.56 earnings per share for the current year.

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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