Souders Financial Advisors Acquires 13,578 Shares of Netflix, Inc. $NFLX

Souders Financial Advisors raised its holdings in Netflix, Inc. (NASDAQ:NFLXFree Report) by 834.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,206 shares of the Internet television network’s stock after buying an additional 13,578 shares during the quarter. Souders Financial Advisors’ holdings in Netflix were worth $1,426,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in NFLX. Vanguard Group Inc. grew its holdings in shares of Netflix by 0.4% in the third quarter. Vanguard Group Inc. now owns 38,521,322 shares of the Internet television network’s stock worth $46,183,983,000 after purchasing an additional 142,238 shares during the last quarter. Checchi Capital Advisers LLC lifted its holdings in Netflix by 875.7% during the 4th quarter. Checchi Capital Advisers LLC now owns 31,143 shares of the Internet television network’s stock valued at $2,920,000 after buying an additional 27,951 shares in the last quarter. Contravisory Investment Management Inc. lifted its holdings in Netflix by 837.2% during the 4th quarter. Contravisory Investment Management Inc. now owns 111,380 shares of the Internet television network’s stock valued at $10,443,000 after buying an additional 99,496 shares in the last quarter. Crew Capital Management Ltd boosted its position in Netflix by 1,021.9% in the 4th quarter. Crew Capital Management Ltd now owns 9,031 shares of the Internet television network’s stock valued at $847,000 after buying an additional 8,226 shares during the period. Finally, BNC Wealth Management LLC boosted its position in Netflix by 991.3% in the 4th quarter. BNC Wealth Management LLC now owns 41,229 shares of the Internet television network’s stock valued at $3,866,000 after buying an additional 37,451 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In other news, insider Cletus R. Willems sold 3,136 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $82.67, for a total value of $259,253.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David A. Hyman sold 5,727 shares of Netflix stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $81.06, for a total transaction of $464,230.62. Following the completion of the transaction, the insider directly owned 316,100 shares in the company, valued at approximately $25,623,066. The trade was a 1.78% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,382,013 shares of company stock valued at $127,482,296. 1.37% of the stock is currently owned by corporate insiders.

Key Netflix News

Here are the key news stories impacting Netflix this week:

Netflix Trading Down 1.7%

Shares of NASDAQ:NFLX opened at $92.06 on Friday. The company has a market capitalization of $387.65 billion, a PE ratio of 29.74, a P/E/G ratio of 1.18 and a beta of 1.55. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43. Netflix, Inc. has a 12-month low of $75.01 and a 12-month high of $134.12. The business’s fifty day simple moving average is $94.81 and its 200-day simple moving average is $96.77.

Netflix (NASDAQ:NFLXGet Free Report) last issued its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.47. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The company had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.17 billion. During the same quarter last year, the company earned $6.61 earnings per share. The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, equities research analysts predict that Netflix, Inc. will post 3.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NFLX. New Street Research raised their target price on shares of Netflix from $96.00 to $102.00 in a research report on Friday, April 17th. Wolfe Research reiterated an “outperform” rating and issued a $107.00 price target on shares of Netflix in a report on Friday, April 17th. Morgan Stanley restated an “overweight” rating on shares of Netflix in a report on Friday, April 17th. Needham & Company LLC reaffirmed a “buy” rating on shares of Netflix in a research report on Friday, April 17th. Finally, Sanford C. Bernstein decreased their target price on Netflix from $115.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $114.82.

Get Our Latest Report on NFLX

Netflix Company 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.

Further Reading

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLXFree Report).

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.