Ketron Financial Takes Position in Netflix, Inc. $NFLX

Ketron Financial purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 14,640 shares of the Internet television network’s stock, valued at approximately $1,373,000. Netflix makes up approximately 0.5% of Ketron Financial’s holdings, making the stock its 19th biggest holding.

Other institutional investors also recently modified their holdings of the company. Imprint Wealth LLC bought a new stake in Netflix during the 3rd quarter valued at $25,000. Bare Financial Services Inc grew its position in shares of 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 purchasing an additional 14 shares in the last quarter. Horizon Financial Services LLC grew its position in shares of 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 purchasing an additional 24 shares in the last quarter. Redmont Wealth Advisors LLC bought a new stake in shares of Netflix during the 3rd quarter valued at $36,000. Finally, Promus Capital LLC bought a new stake in shares of Netflix during the 3rd quarter valued at $48,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Netflix news, CFO Spencer Adam Neumann sold 9,253 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $88.95, for a total value 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 represents a 11.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Hyman sold 5,722 shares of Netflix stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $88.08, for a total transaction of $503,993.76. Following the transaction, the insider directly owned 316,100 shares in the company, valued at $27,842,088. This trade represents 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. Insiders have sold a total of 1,349,019 shares of company stock worth $123,105,721 over the last ninety days. Corporate insiders own 1.24% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $77.38 on Friday. The firm has a market capitalization of $325.83 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 0.98 and a beta of 1.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41. Netflix, Inc. has a 52-week low of $75.01 and a 52-week high of $134.12. The firm has a fifty day moving average of $88.88 and a 200 day moving average of $90.14.

Netflix (NASDAQ:NFLXGet Free Report) last issued its quarterly earnings results 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. The firm had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The company’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 3.6 EPS for the current fiscal year.

Trending Headlines about Netflix

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Analyst Upgrades and Downgrades

Several brokerages have commented on NFLX. Seaport Research Partners raised their target price on Netflix from $115.00 to $119.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Daiwa Securities Group increased their price target on shares of Netflix from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Rosenblatt Securities cut their price objective on shares of Netflix from $96.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, April 17th. Morgan Stanley reaffirmed an “overweight” rating on shares of Netflix in a research note on Friday, April 17th. Finally, Huber Research raised shares of Netflix from a “strong sell” rating to a “strong-buy” rating in a report on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $114.26.

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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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