Founders Financial Securities LLC Acquires 24,889 Shares of Netflix, Inc. $NFLX

Founders Financial Securities LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLXFree Report) by 1,046.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 27,268 shares of the Internet television network’s stock after buying an additional 24,889 shares during the period. Founders Financial Securities LLC’s holdings in Netflix were worth $2,557,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Apriem Advisors raised its holdings in Netflix by 0.6% in the 3rd quarter. Apriem Advisors now owns 1,567 shares of the Internet television network’s stock valued at $1,879,000 after buying an additional 9 shares during the last quarter. Tortoise Investment Management LLC raised its holdings in Netflix by 10.8% in the 3rd quarter. Tortoise Investment Management LLC now owns 92 shares of the Internet television network’s stock valued at $110,000 after buying an additional 9 shares during the last quarter. Brass Tax Wealth Management Inc. raised its holdings in Netflix by 3.2% in the 3rd quarter. Brass Tax Wealth Management Inc. now owns 288 shares of the Internet television network’s stock valued at $345,000 after buying an additional 9 shares during the last quarter. Pacific Sun Financial Corp raised its holdings in Netflix by 1.6% in the 3rd quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network’s stock valued at $688,000 after buying an additional 9 shares during the last quarter. Finally, Black Diamond Financial LLC raised its holdings in Netflix by 5.2% in the 3rd quarter. Black Diamond Financial LLC now owns 202 shares of the Internet television network’s stock valued at $242,000 after buying an additional 10 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NFLX shares. Wells Fargo & Company started coverage on shares of Netflix in a report on Monday, March 9th. They issued an “equal weight” rating and a $105.00 price objective for the company. Weiss Ratings upgraded shares of Netflix from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. HSBC raised their price target on shares of Netflix from $106.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, April 10th. Seaport Research Partners raised their price target on shares of Netflix from $115.00 to $119.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, TD Cowen restated a “buy” rating on shares of Netflix in a report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and sixteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $114.82.

Read Our Latest Analysis on NFLX

Insider Activity at Netflix

In other news, CFO Spencer Adam Neumann sold 9,253 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $88.95, for a total transaction of $823,054.35. Following the completion of the sale, the chief financial officer owned 73,787 shares of the company’s stock, valued at $6,563,353.65. This trade represents a 11.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Theodore A. Sarandos sold 27,312 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $87.97, for a total transaction of $2,402,636.64. Following the sale, the chief executive officer directly owned 284,804 shares of the company’s stock, valued at approximately $25,054,207.88. This trade represents a 8.75% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 926,329 shares of company stock worth $87,071,177. Corporate insiders own 1.24% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $86.02 on Monday. The company has a market cap of $362.21 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 1.09 and a beta of 1.50. Netflix, Inc. has a 52 week low of $75.01 and a 52 week 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 50 day moving average of $93.12 and a 200-day moving average of $93.14.

Netflix (NASDAQ:NFLXGet Free Report) last announced its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, topping the consensus estimate of $0.76 by $0.47. The company had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The company’s quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the firm posted $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, equities analysts forecast that Netflix, Inc. will post 3.6 earnings per share for the current year.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

Netflix Company Profile

(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

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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