Krane Funds Advisors LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 1,007.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,064 shares of the Internet television network’s stock after buying an additional 18,252 shares during the period. Krane Funds Advisors LLC’s holdings in Netflix were worth $1,881,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in NFLX. Landing Point Financial Group LLC increased its stake in Netflix by 967.2% during the fourth quarter. Landing Point Financial Group LLC now owns 4,920 shares of the Internet television network’s stock worth $461,000 after acquiring an additional 4,459 shares during the last quarter. Endeavor Private Wealth Inc. increased its position in shares of Netflix by 1,039.6% during the 4th quarter. Endeavor Private Wealth Inc. now owns 3,852 shares of the Internet television network’s stock valued at $361,000 after purchasing an additional 3,514 shares during the last quarter. CNB Bank raised its holdings in Netflix by 899.7% during the 4th quarter. CNB Bank now owns 14,136 shares of the Internet television network’s stock valued at $1,325,000 after buying an additional 12,722 shares during the period. Palladiem LLC purchased a new stake in Netflix during the 4th quarter valued at $217,000. Finally, Arrowroot Family Office LLC lifted its position in Netflix by 1,102.7% in the fourth quarter. Arrowroot Family Office LLC now owns 3,163 shares of the Internet television network’s stock worth $297,000 after buying an additional 2,900 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.
Netflix Price Performance
Shares of NASDAQ:NFLX opened at $82.18 on Monday. The business’s 50 day moving average is $92.21 and its 200 day moving average is $91.94. The stock has a market cap of $346.04 billion, a P/E ratio of 26.54, a price-to-earnings-growth ratio of 1.04 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.
Wall Street Analyst Weigh In
NFLX has been the topic of a number of analyst reports. Phillip Securities boosted their price objective on shares of Netflix from $100.00 to $110.00 in a research report on Monday, April 20th. Moffett Nathanson upped their price target on shares of Netflix from $115.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Morgan Stanley reissued an “overweight” rating on shares of Netflix in a research note on Friday, April 17th. Oppenheimer set a $120.00 target price on Netflix and gave the company an “outperform” rating in a research note on Friday, April 17th. Finally, Citic Securities raised their price target on Netflix from $95.00 to $107.00 and gave the stock a “hold” rating in a research note on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and sixteen have given a Hold rating to the company. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average target price of $114.82.
Get Our Latest Research Report on Netflix
Key Stories Impacting Netflix
Here are the key news stories impacting Netflix this week:
- Positive Sentiment: Netflix is getting a boost from reports that Canada reversed a requirement that U.S. streaming services contribute part of local revenue to Canadian content, removing a potential cost/regulatory headwind. Netflix Stock Rises After Eight-Day Losing Streak. What’s Fueling the Move.
- Positive Sentiment: Netflix is expanding AI-driven viewing tools and content discovery features, including more personalized recommendations and a voice-based interface, which could improve engagement and retention. Netflix Bets On AI Tools As Stock Trades Below Analyst Targets
- Positive Sentiment: Bernstein said Netflix’s core business remains strong, reinforcing the view that the company’s underlying growth engine is intact despite recent weakness in the stock. “Don’t Ignore This,” Bernstein Analyst Says Netflix’s (NFLX) Core Engine Remains Strong
- Positive Sentiment: Wall Street commentary remains broadly optimistic, with analysts keeping a constructive view on Netflix after its strong earnings and revenue beat last quarter. Wall Street Bulls Look Optimistic About Netflix (NFLX): Should You Buy?
Insider Transactions at Netflix
In other Netflix news, CFO Spencer Adam Neumann sold 9,253 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $88.95, for a total transaction of $823,054.35. Following the transaction, the chief financial officer owned 73,787 shares of the company’s stock, valued at approximately $6,563,353.65. This trade represents a 11.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Theodore A. Sarandos sold 27,312 shares of the company’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 completion of the sale, the chief executive officer directly owned 284,804 shares of the company’s stock, valued at $25,054,207.88. The trade was a 8.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 1,313,029 shares of company stock valued at $120,315,776 over the last three months. 1.24% of the stock is currently owned by corporate insiders.
About Netflix
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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