Netflix, Inc. $NFLX Shares Purchased by Pinnacle Wealth Management LLC

Pinnacle Wealth Management LLC raised its position in Netflix, Inc. (NASDAQ:NFLXFree Report) by 902.4% in the fourth quarter, Holdings Channel reports. The fund owned 18,985 shares of the Internet television network’s stock after buying an additional 17,091 shares during the period. Netflix makes up approximately 1.2% of Pinnacle Wealth Management LLC’s portfolio, making the stock its 29th biggest holding. Pinnacle Wealth Management LLC’s holdings in Netflix were worth $1,780,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Natural Investments LLC lifted its holdings in Netflix by 0.5% during the 3rd quarter. Natural Investments LLC now owns 1,668 shares of the Internet television network’s stock worth $1,999,000 after buying an additional 9 shares during the last quarter. Hengehold Capital Management LLC increased its holdings in shares of Netflix by 3.3% in the 3rd quarter. Hengehold Capital Management LLC now owns 282 shares of the Internet television network’s stock valued at $338,000 after acquiring an additional 9 shares during the last quarter. Financial Partners Group Inc increased its holdings in shares of Netflix by 0.9% in the 3rd quarter. Financial Partners Group Inc now owns 969 shares of the Internet television network’s stock valued at $1,162,000 after acquiring an additional 9 shares during the last quarter. Seascape Capital Management raised its position in shares of Netflix by 1.6% during the 3rd quarter. Seascape Capital Management now owns 568 shares of the Internet television network’s stock worth $681,000 after acquiring an additional 9 shares in the last quarter. Finally, Crews Bank & Trust raised its position in shares of Netflix by 5.8% during the 3rd quarter. Crews Bank & Trust now owns 164 shares of the Internet television network’s stock worth $197,000 after acquiring an additional 9 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Netflix in a report on Wednesday, February 18th. Citizens Jmp assumed coverage on shares of Netflix in a report on Monday. They set a “market perform” rating on the stock. Wells Fargo & Company initiated coverage on shares of Netflix in a report on Monday, March 9th. They issued an “equal weight” rating and a $105.00 target price for the company. Phillip Securities raised shares of Netflix from a “sell” rating to a “moderate buy” rating and increased their target price for the company from $95.00 to $100.00 in a research report on Monday, January 26th. Finally, Pivotal Research dropped their target price on shares of Netflix from $105.00 to $95.00 and set a “hold” rating on the stock in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $114.57.

Get Our Latest Stock Report on Netflix

Insider Transactions at Netflix

In other Netflix news, CEO Gregory K. Peters sold 27,312 shares of Netflix stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $83.24, for a total value of $2,273,450.88. Following the transaction, the chief executive officer directly owned 122,140 shares in the company, valued at approximately $10,166,933.60. The trade was a 18.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Cletus R. Willems sold 3,136 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $82.67, for a total transaction of $259,253.12. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,520,133 shares of company stock worth $137,259,786 over the last 90 days. Company insiders own 1.37% of the company’s stock.

Key Netflix News

Here are the key news stories impacting Netflix this week:

Netflix Trading Down 0.6%

NFLX opened at $95.55 on Thursday. 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, Inc. has a 52 week low of $75.01 and a 52 week high of $134.12. The business’s 50 day moving average is $87.73 and its two-hundred day moving average is $100.01. The firm has a market cap of $403.43 billion, a price-to-earnings ratio of 37.81, a price-to-earnings-growth ratio of 1.46 and a beta of 1.67.

Netflix (NASDAQ:NFLXGet Free Report) last posted its quarterly earnings data on Tuesday, January 20th. The Internet television network reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $12.05 billion during the quarter, compared to the consensus estimate of $11.97 billion. Netflix had a return on equity of 43.26% and a net margin of 24.30%.The company’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 earnings per share. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. On average, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

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.

See Also

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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