Netflix, Inc. $NFLX Shares Acquired by One Capital Management LLC

One Capital Management LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 6,388.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 133,268 shares of the Internet television network’s stock after buying an additional 131,214 shares during the quarter. One Capital Management LLC’s holdings in Netflix were worth $12,495,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Netflix by 912.5% during the fourth quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network’s stock worth $36,567,805,000 after buying an additional 351,493,659 shares during the period. Geode Capital Management LLC increased its stake in shares of Netflix by 892.0% during the fourth quarter. Geode Capital Management LLC now owns 99,598,678 shares of the Internet television network’s stock worth $9,305,336,000 after buying an additional 89,558,684 shares during the period. Norges Bank purchased a new stake in shares of Netflix during the fourth quarter worth approximately $5,803,248,000. Baillie Gifford & Co. increased its stake in shares of Netflix by 912.3% during the fourth quarter. Baillie Gifford & Co. now owns 36,940,035 shares of the Internet television network’s stock worth $3,463,498,000 after buying an additional 33,290,988 shares during the period. Finally, Jennison Associates LLC increased its stake in shares of Netflix by 639.9% during the fourth quarter. Jennison Associates LLC now owns 34,871,951 shares of the Internet television network’s stock worth $3,269,594,000 after buying an additional 30,158,900 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NFLX. Seaport Research Partners upped their target price on shares of Netflix from $115.00 to $119.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. President Capital upped their target price on shares of Netflix from $133.00 to $134.00 and gave the stock a “buy” rating in a research note on Tuesday, March 31st. Evercore began coverage on shares of Netflix in a research note on Friday, February 27th. They set an “outperform” rating and a $115.00 target price on the stock. Wells Fargo & Company began coverage on shares of Netflix in a research note on Monday, March 9th. They set an “equal weight” rating and a $105.00 target price on the stock. Finally, Sanford C. Bernstein restated a “buy” rating on shares of Netflix in a research note on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $114.82.

Insiders Place Their Bets

In other news, CEO Theodore A. Sarandos sold 27,312 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $87.97, for a total value 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 approximately $25,054,207.88. This represents a 8.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Reed Hastings sold 407,550 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $93.13, for a total value of $37,955,131.50. Following the completion of the sale, the director directly owned 3,940 shares of the company’s stock, valued at $366,932.20. The trade was a 99.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 926,329 shares of company stock valued at $87,071,177. 1.24% of the stock is owned by insiders.

Netflix Stock Performance

Shares of Netflix stock opened at $85.85 on Tuesday. The firm has a market capitalization of $361.50 billion, a P/E ratio of 27.73, a P/E/G 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’s 50 day moving average is $93.00 and its two-hundred day moving average is $93.09.

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

Netflix Profile

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.