City Center Advisors LLC Purchases 6,960 Shares of Netflix, Inc. $NFLX

City Center Advisors LLC boosted its position in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 1,247.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,518 shares of the Internet television network’s stock after acquiring an additional 6,960 shares during the period. City Center Advisors LLC’s holdings in Netflix were worth $705,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Netflix by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 38,521,322 shares of the Internet television network’s stock valued at $46,183,983,000 after purchasing an additional 142,238 shares during the period. State Street Corp increased its holdings in shares of Netflix by 2.1% in the second quarter. State Street Corp now owns 17,444,013 shares of the Internet television network’s stock worth $23,359,801,000 after purchasing an additional 360,604 shares during the period. Norges Bank bought a new position in shares of Netflix in the second quarter worth $7,929,645,000. Laurel Wealth Advisors LLC raised its position in shares of Netflix by 128,553.9% in the second quarter. Laurel Wealth Advisors LLC now owns 4,881,129 shares of the Internet television network’s stock worth $6,536,466,000 after buying an additional 4,877,335 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Netflix by 7.2% in the third quarter. Invesco Ltd. now owns 4,643,749 shares of the Internet television network’s stock worth $5,567,483,000 after buying an additional 313,014 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Down 3.1%

NASDAQ NFLX opened at $91.75 on Friday. 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 stock’s 50-day simple moving average is $86.82 and its two-hundred day simple moving average is $101.89. Netflix, Inc. has a twelve month low of $75.01 and a twelve month high of $134.12. The company has a market capitalization of $387.38 billion, a price-to-earnings ratio of 36.31, a PEG ratio of 1.45 and a beta of 1.68.

Netflix (NASDAQ:NFLXGet Free Report) last posted its quarterly earnings data on Tuesday, January 20th. The Internet television network reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The firm had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $11.97 billion. Netflix had a return on equity of 43.26% and a net margin of 24.30%.The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 EPS. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. Research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NFLX shares. Loop Capital set a $104.00 target price on Netflix in a research report on Tuesday, January 27th. Canaccord Genuity Group set a $125.00 price target on Netflix and gave the company a “buy” rating in a report on Wednesday, January 21st. Wells Fargo & Company assumed coverage on Netflix in a research report on Monday, March 9th. They set an “equal weight” rating and a $105.00 price target for the company. William Blair reissued an “outperform” rating on shares of Netflix in a report on Wednesday, January 21st. Finally, Rothschild & Co Redburn set a $120.00 price objective on shares of Netflix in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $114.35.

View Our Latest Analysis on Netflix

Key Netflix News

Here are the key news stories impacting Netflix this week:

Insiders Place Their Bets

In other news, insider David A. Hyman sold 5,727 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $81.06, for a total value of $464,230.62. Following the completion of the sale, the insider directly owned 316,100 shares in the company, valued at approximately $25,623,066. The trade was a 1.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 27,312 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $83.24, for a total transaction of $2,273,450.88. Following the completion of the sale, the chief executive officer directly owned 122,140 shares of the company’s stock, valued at $10,166,933.60. This trade represents a 18.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,520,133 shares of company stock valued at $137,259,786 over the last 90 days. Company insiders own 1.37% of the company’s stock.

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.

See Also

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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