Outlook Wealth Advisors LLC Increases Stock Holdings in Netflix, Inc. $NFLX

Outlook Wealth Advisors LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 880.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 7,473 shares of the Internet television network’s stock after purchasing an additional 6,711 shares during the period. Outlook Wealth Advisors LLC’s holdings in Netflix were worth $701,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cooper Haims Advisors LLC boosted its holdings in Netflix by 785.1% in the fourth quarter. Cooper Haims Advisors LLC now owns 2,195 shares of the Internet television network’s stock worth $206,000 after acquiring an additional 1,947 shares in the last quarter. Portfolio Design Labs LLC boosted its holdings in Netflix by 915.5% in the fourth quarter. Portfolio Design Labs LLC now owns 52,412 shares of the Internet television network’s stock worth $4,914,000 after acquiring an additional 47,251 shares in the last quarter. Strategic Advocates LLC boosted its holdings in Netflix by 990.4% in the fourth quarter. Strategic Advocates LLC now owns 31,108 shares of the Internet television network’s stock worth $2,917,000 after acquiring an additional 28,255 shares in the last quarter. Insight Advisors LLC PA boosted its holdings in Netflix by 792.6% in the fourth quarter. Insight Advisors LLC PA now owns 24,154 shares of the Internet television network’s stock worth $2,265,000 after acquiring an additional 21,448 shares in the last quarter. Finally, Stonebrook Private Inc. boosted its holdings in Netflix by 896.1% in the fourth quarter. Stonebrook Private Inc. now owns 11,575 shares of the Internet television network’s stock worth $1,085,000 after acquiring an additional 10,413 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

More Netflix News

Here are the key news stories impacting Netflix this week:

Netflix Trading Down 1.5%

Shares of NASDAQ:NFLX opened at $81.41 on Wednesday. Netflix, Inc. has a 52-week low of $75.01 and a 52-week high of $134.12. The stock has a market cap of $342.80 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 1.05 and a beta of 1.50. 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 business has a 50-day moving average price of $91.75 and a 200-day moving average price of $91.52.

Netflix (NASDAQ:NFLXGet Free Report) last announced its quarterly earnings data 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. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The firm had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.17 billion. During the same period last year, the business posted $6.61 earnings per share. The company’s revenue for the quarter was up 16.2% compared to the same quarter last year. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Equities analysts predict that Netflix, Inc. will post 3.6 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NFLX. Needham & Company LLC reissued a “buy” rating on shares of Netflix in a report on Friday, April 17th. Erste Group Bank downgraded Netflix from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Bank of America reissued a “buy” rating and issued a $125.00 price target on shares of Netflix in a report on Monday, May 18th. President Capital raised their price target on Netflix from $133.00 to $134.00 and gave the stock a “buy” rating in a report on Tuesday, March 31st. Finally, KeyCorp reissued an “overweight” rating and issued a $115.00 price target (up from $108.00) on shares of Netflix in a report on Tuesday, April 14th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $114.82.

Get Our Latest Stock Report on NFLX

Insider Transactions at Netflix

In other news, Director Reed Hastings sold 420,550 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $95.49, for a total value of $40,158,319.50. Following the completion of the transaction, the director directly owned 3,940 shares in the company, valued at $376,230.60. This trade represents a 99.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David A. Hyman sold 5,722 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $88.08, for a total value of $503,993.76. Following the completion of the transaction, the insider owned 316,100 shares of the company’s stock, valued at approximately $27,842,088. The trade was a 1.78% decrease in their ownership of the stock. 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 90 days, insiders sold 1,313,029 shares of company stock valued at $120,315,776. 1.24% of the stock is owned by company insiders.

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.

Further Reading

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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