WT Wealth Management Has $2.50 Million Holdings in Netflix, Inc. $NFLX

Key Points

• WT Wealth Management raised its Netflix stake by 1,152.1% in Q4 to 26,620 shares valued at about $2.50 million, while institutional ownership of the stock is roughly 80.93% and several other funds also meaningfully increased positions.
• Insiders have been net sellers recently — Director Reed Hastings sold 407,550 shares for about $37.96 million under a Rule 10b5‑1 plan and the CEO sold 27,312 shares, with insiders disposing of ~1.398 million shares (~$132.7 million) over the last 90 days.
• Netflix beat Q1 expectations (EPS $1.23 vs. $0.76; revenue $12.25B), set Q2 EPS guidance of $0.78, and holds a consensus "Moderate Buy" analyst rating with an average price target of $114.82 (shares trading near $91, P/E ~29.4).

WT Wealth Management raised its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1,152.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,620 shares of the Internet television network's stock after buying an additional 24,494 shares during the period. WT Wealth Management's holdings in Netflix were worth $2,496,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of NFLX. Vanguard Group Inc. grew its holdings in shares of Netflix by 0.4% during the third quarter. Vanguard Group Inc. now owns 38,521,322 shares of the Internet television network's stock worth $46,183,983,000 after buying an additional 142,238 shares during the last quarter. Checchi Capital Advisers LLC increased its holdings in shares of Netflix by 875.7% in the fourth quarter. Checchi Capital Advisers LLC now owns 31,143 shares of the Internet television network's stock valued at $2,920,000 after purchasing an additional 27,951 shares during the period. Contravisory Investment Management Inc. raised its stake in shares of Netflix by 837.2% during the fourth quarter. Contravisory Investment Management Inc. now owns 111,380 shares of the Internet television network's stock worth $10,443,000 after purchasing an additional 99,496 shares during the last quarter. Crew Capital Management Ltd raised its stake in shares of Netflix by 1,021.9% during the fourth quarter. Crew Capital Management Ltd now owns 9,031 shares of the Internet television network's stock worth $847,000 after purchasing an additional 8,226 shares during the last quarter. Finally, BNC Wealth Management LLC lifted its holdings in shares of Netflix by 991.3% during the fourth quarter. BNC Wealth Management LLC now owns 41,229 shares of the Internet television network's stock worth $3,866,000 after purchasing an additional 37,451 shares during the period. Institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on NFLX. Canaccord Genuity Group set a $125.00 price objective on shares of Netflix and gave the company a "buy" rating in a research report on Wednesday, January 21st. Argus cut their target price on Netflix from $141.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, January 22nd. Citigroup assumed coverage on Netflix in a report on Thursday, April 16th. They issued a "market perform" rating for the company. Wolfe Research restated an "outperform" rating and issued a $107.00 price target on shares of Netflix in a research note on Friday, April 17th. Finally, Huber Research raised Netflix from a "strong sell" rating to a "strong-buy" rating in a report on Friday, February 27th. 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 stock. Based on data from MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and an average price target of $114.82.

Insider Buying and Selling at Netflix

In related news, Director Reed Hastings sold 407,550 shares of the company's stock in a transaction on Friday, May 1st. The stock was sold at an average price of $93.13, for a total value of $37,955,131.50. Following the completion of the transaction, the director directly owned 3,940 shares in the company, valued at approximately $366,932.20. This represents a 99.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 dated 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 completion of the sale, the chief executive officer directly owned 122,140 shares in the company, valued at approximately $10,166,933.60. The trade was a 18.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,398,593 shares of company stock valued at $132,740,606. 1.37% of the stock is currently owned by insiders.

Netflix Trading Down 1.1%

Shares of Netflix stock opened at $91.05 on Tuesday. Netflix, Inc. has a 1 year low of $75.01 and a 1 year 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 business has a 50 day moving average price of $94.81 and a 200 day moving average price of $96.77. The company 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.

Netflix (NASDAQ:NFLX - Get Free Report) last released its 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. The company had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The firm's quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the firm earned $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Sell-side analysts anticipate that Netflix, Inc. will post 3.56 EPS for the current fiscal 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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