Interchange Capital Partners LLC Has $1.38 Million Stake in Netflix, Inc. $NFLX

Interchange Capital Partners LLC boosted its position in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 838.7% in the fourth quarter, Holdings Channel reports. The fund owned 14,738 shares of the Internet television network’s stock after acquiring an additional 13,168 shares during the period. Interchange Capital Partners LLC’s holdings in Netflix were worth $1,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Financial Corp IN lifted its position in Netflix by 900.0% during the 4th quarter. First Financial Corp IN now owns 270 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 243 shares during the last quarter. DiNuzzo Private Wealth Inc. lifted its position in Netflix by 885.2% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 239 shares during the last quarter. Imprint Wealth LLC acquired a new position in Netflix during the 3rd quarter worth $25,000. MB Levis & Associates LLC lifted its position in Netflix by 177.8% during the 4th quarter. MB Levis & Associates LLC now owns 300 shares of the Internet television network’s stock worth $28,000 after acquiring an additional 192 shares during the last quarter. Finally, Brown Shipley& Co Ltd boosted its holdings in Netflix by 867.7% in the 4th quarter. Brown Shipley& Co Ltd now owns 300 shares of the Internet television network’s stock valued at $28,000 after purchasing an additional 269 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 57,260 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $95.50, for a total transaction of $5,468,330.00. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at approximately $7,046,658.50. This trade represents a 43.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Reed Hastings sold 420,550 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $95.49, for a total transaction of $40,158,319.50. Following the transaction, the director directly owned 3,940 shares of the company’s stock, valued at $376,230.60. The trade was a 99.07% 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. Insiders sold a total of 1,487,794 shares of company stock valued at $136,255,772 over the last quarter. 1.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on NFLX. William Blair reissued an “outperform” rating on shares of Netflix in a report on Wednesday, January 21st. China Renaissance increased their price target on shares of Netflix from $90.00 to $100.00 and gave the company a “hold” rating in a report on Friday, April 17th. Wedbush reissued an “outperform” rating and issued a $118.00 price target on shares of Netflix in a report on Thursday, April 16th. New Street Research increased their price target on shares of Netflix from $96.00 to $102.00 in a report on Friday, April 17th. Finally, Seaport Research Partners increased their price target on shares of Netflix from $115.00 to $119.00 and gave the company a “buy” rating in a report on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $114.82.

Check Out Our Latest Research Report on NFLX

Netflix Price Performance

NASDAQ:NFLX opened at $92.32 on Wednesday. The company has a 50-day moving average of $94.19 and a 200-day moving average of $97.18. The company has a market capitalization of $388.72 billion, a price-to-earnings ratio of 29.82, a PEG ratio of 1.19 and a beta of 1.67. Netflix, Inc. has a 52 week low of $75.01 and a 52 week high of $134.12. 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 (NASDAQ:NFLXGet Free Report) last released its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.47. The company had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period last year, the firm earned $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, equities research analysts anticipate that Netflix, Inc. will post 3.53 earnings per share for the current fiscal year.

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.

See Also

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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