Knights of Columbus Asset Advisors LLC Acquires 71,171 Shares of Netflix, Inc. $NFLX

Knights of Columbus Asset Advisors LLC boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 770.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 80,403 shares of the Internet television network’s stock after acquiring an additional 71,171 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Netflix were worth $7,539,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Netflix by 912.5% in the 4th quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network’s stock valued at $36,567,805,000 after buying an additional 351,493,659 shares in the last quarter. Baillie Gifford & Co. increased its position in Netflix by 912.3% in the 4th quarter. Baillie Gifford & Co. now owns 36,940,035 shares of the Internet television network’s stock valued at $3,463,498,000 after buying an additional 33,290,988 shares in the last quarter. Jennison Associates LLC increased its position in Netflix by 639.9% in the 4th quarter. Jennison Associates LLC now owns 34,871,951 shares of the Internet television network’s stock valued at $3,269,594,000 after buying an additional 30,158,900 shares in the last quarter. Legal & General Group Plc increased its position in Netflix by 916.1% in the 4th quarter. Legal & General Group Plc now owns 26,522,252 shares of the Internet television network’s stock valued at $2,486,726,000 after buying an additional 23,912,151 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in Netflix by 907.5% in the 4th quarter. Fisher Asset Management LLC now owns 20,490,399 shares of the Internet television network’s stock valued at $1,921,180,000 after buying an additional 18,456,524 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Transactions at Netflix

In other news, CEO Theodore A. Sarandos sold 27,312 shares of the business’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 value of $2,402,636.64. Following the transaction, the chief executive officer owned 284,804 shares in the company, valued at $25,054,207.88. The trade was a 8.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Reed Hastings sold 420,550 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $95.49, for a total value of $40,158,319.50. Following the completion of the transaction, the director owned 3,940 shares in the company, valued at $376,230.60. The trade was a 99.07% decrease in their position. 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. Over the last three months, insiders have sold 1,422,769 shares of company stock worth $135,144,073. 1.24% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NFLX. Evercore began coverage on Netflix in a research report on Friday, February 27th. They issued an “outperform” rating and a $115.00 target price for the company. Guggenheim reaffirmed a “buy” rating and issued a $120.00 target price on shares of Netflix in a research report on Friday, May 15th. Phillip Securities boosted their target price on Netflix from $100.00 to $110.00 in a research report on Monday, April 20th. Erste Group Bank downgraded Netflix from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Netflix in a research note on Friday, April 17th. Two investment 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $114.82.

Netflix Price Performance

NFLX stock opened at $87.35 on Thursday. The company has a market capitalization of $367.81 billion, a P/E ratio of 28.21, a price-to-earnings-growth ratio of 1.11 and a beta of 1.55. 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, Inc. has a 52-week low of $75.01 and a 52-week high of $134.12. The business has a 50-day simple moving average of $93.45 and a two-hundred day simple moving average of $93.59.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) 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 business had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.17 billion. During the same quarter in the previous year, the business earned $6.61 EPS. The company’s quarterly revenue was up 16.2% on a year-over-year basis. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Research analysts expect that Netflix, Inc. will post 3.6 EPS for the current fiscal year.

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.