Grant Private Wealth Management Inc Has $2.60 Million Stock Holdings in Netflix, Inc. $NFLX

Grant Private Wealth Management Inc raised its stake in Netflix, Inc. (NASDAQ:NFLXFree Report) by 894.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,678 shares of the Internet television network’s stock after purchasing an additional 24,895 shares during the period. Netflix accounts for 1.6% of Grant Private Wealth Management Inc’s holdings, making the stock its 13th biggest holding. Grant Private Wealth Management Inc’s holdings in Netflix were worth $2,595,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Imprint Wealth LLC bought a new stake in Netflix in the 3rd quarter valued at about $25,000. Retirement Wealth Solutions LLC bought a new position in Netflix in the third quarter worth approximately $28,000. Steph & Co. boosted its holdings in Netflix by 188.9% in the third quarter. Steph & Co. now owns 26 shares of the Internet television network’s stock worth $31,000 after acquiring an additional 17 shares in the last quarter. Bare Financial Services Inc grew its stake in Netflix by 93.3% in the third quarter. Bare Financial Services Inc now owns 29 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 14 shares during the period. Finally, Horizon Financial Services LLC grew its stake in Netflix by 480.0% in the third quarter. Horizon Financial Services LLC now owns 29 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 24 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

Netflix stock opened at $91.75 on Friday. Netflix, Inc. has a 52 week low of $75.01 and a 52 week high of $134.12. The company’s 50 day moving average price is $86.82 and its two-hundred day moving average price is $101.89. The stock has a market cap of $387.38 billion, a P/E ratio of 36.31, a P/E/G ratio of 1.45 and a beta of 1.68. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.51.

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 the consensus estimate of $0.55 by $0.01. The company had revenue of $12.05 billion during the quarter, compared to analyst estimates of $11.97 billion. Netflix had a return on equity of 43.26% and a net margin of 24.30%.Netflix’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. On average, equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of research reports. Needham & Company LLC lowered their target price on Netflix from $150.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, January 21st. Citigroup began coverage on shares of Netflix in a research report on Wednesday. They issued a “buy” rating and a $115.00 price target for the company. Susquehanna upgraded shares of Netflix to a “positive” rating and set a $112.00 price target for the company in a research note on Wednesday, January 21st. The Goldman Sachs Group restated a “neutral” rating and set a $100.00 price objective (down from $112.00) on shares of Netflix in a report on Wednesday, January 21st. Finally, KeyCorp set a $110.00 price objective on shares of Netflix and gave the company an “overweight” rating in a research note on Friday, January 16th. Two analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $114.35.

Check Out Our Latest Stock Analysis on NFLX

Insiders Place Their Bets

In other Netflix news, Director Bradford L. Smith sold 31,790 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $88.86, for a total value of $2,824,859.40. Following the completion of the transaction, the director owned 79,690 shares in the company, valued at $7,081,253.40. This represents a 28.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 57,260 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $95.50, for a total value of $5,468,330.00. Following the sale, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at approximately $7,046,658.50. This represents a 43.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,520,133 shares of company stock valued at $137,259,786. 1.37% of the stock is currently owned by insiders.

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Netflix 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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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