Netflix, Inc. $NFLX Shares Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC raised its stake in Netflix, Inc. (NASDAQ:NFLXFree Report) by 896.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 588,508 shares of the Internet television network’s stock after purchasing an additional 529,438 shares during the period. Netflix accounts for about 3.5% of Frank Rimerman Advisors LLC’s holdings, making the stock its 6th biggest position. Frank Rimerman Advisors LLC’s holdings in Netflix were worth $55,179,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Natural Investments LLC grew its position in shares of Netflix by 0.5% in the 3rd quarter. Natural Investments LLC now owns 1,668 shares of the Internet television network’s stock valued at $1,999,000 after buying an additional 9 shares during the last quarter. Hengehold Capital Management LLC lifted its position in Netflix by 3.3% in the third quarter. Hengehold Capital Management LLC now owns 282 shares of the Internet television network’s stock valued at $338,000 after acquiring an additional 9 shares during the last quarter. Financial Partners Group Inc boosted its stake in Netflix by 0.9% in the third quarter. Financial Partners Group Inc now owns 969 shares of the Internet television network’s stock valued at $1,162,000 after acquiring an additional 9 shares in the last quarter. Seascape Capital Management grew its holdings in shares of Netflix by 1.6% during the third quarter. Seascape Capital Management now owns 568 shares of the Internet television network’s stock worth $681,000 after purchasing an additional 9 shares during the last quarter. Finally, Crews Bank & Trust grew its holdings in shares of Netflix by 5.8% during the third quarter. Crews Bank & Trust now owns 164 shares of the Internet television network’s stock worth $197,000 after purchasing an additional 9 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

More Netflix News

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Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 5,727 shares of Netflix stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $81.06, for a total value of $464,230.62. Following the sale, the insider owned 316,100 shares of the company’s stock, valued at approximately $25,623,066. The trade was a 1.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 27,312 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 122,140 shares in the company, valued at $10,166,933.60. The trade was a 18.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,520,133 shares of company stock worth $137,259,786. 1.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NFLX. Rothschild & Co Redburn set a $120.00 target price on Netflix in a report on Wednesday, January 21st. Susquehanna upgraded Netflix to a “positive” rating and set a $112.00 price target on the stock in a research note on Wednesday, January 21st. Moffett Nathanson cut their price target on Netflix from $140.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, January 21st. Erste Group Bank upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, March 24th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Netflix in a report on Friday, March 27th. Two analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.57.

Read Our Latest Report on Netflix

Netflix Stock Down 0.6%

NFLX opened at $95.55 on Thursday. Netflix, Inc. has a 52 week low of $75.01 and a 52 week high of $134.12. The business has a 50 day moving average price of $87.73 and a two-hundred day moving average price of $100.01. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.51. The company has a market cap of $403.43 billion, a PE ratio of 37.81, a P/E/G ratio of 1.46 and a beta of 1.67.

Netflix (NASDAQ:NFLXGet Free Report) last released its earnings results on Tuesday, January 20th. The Internet television network reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Netflix had a return on equity of 43.26% and a net margin of 24.30%.The business had revenue of $12.05 billion for the quarter, compared to analyst estimates of $11.97 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

About Netflix

(Free Report)

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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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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