Riverbridge Partners LLC Sells 40,487 Shares of Netflix, Inc. $NFLX

Riverbridge Partners LLC lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 8.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 463,583 shares of the Internet television network’s stock after selling 40,487 shares during the quarter. Riverbridge Partners LLC’s holdings in Netflix were worth $44,574,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Checchi Capital Advisers LLC increased its position in Netflix by 875.7% during the fourth quarter. Checchi Capital Advisers LLC now owns 31,143 shares of the Internet television network’s stock worth $2,920,000 after acquiring an additional 27,951 shares during the period. Contravisory Investment Management Inc. boosted its holdings in Netflix by 837.2% in 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 purchasing an additional 99,496 shares during the period. BNC Wealth Management LLC boosted its holdings 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 purchasing an additional 37,451 shares during the period. Crew Capital Management Ltd grew its position in shares of Netflix by 1,021.9% during the 4th quarter. Crew Capital Management Ltd now owns 9,031 shares of the Internet television network’s stock worth $847,000 after purchasing an additional 8,226 shares in the last quarter. Finally, Family Capital Trust Co grew its position in shares of Netflix by 20,869.5% during the 4th quarter. Family Capital Trust Co now owns 27,470 shares of the Internet television network’s stock worth $2,576,000 after purchasing an additional 27,339 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In other news, Director Reed Hastings sold 420,550 shares of the stock in a transaction dated Wednesday, April 1st. The shares were 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 of the company’s stock, valued at approximately $376,230.60. This represents a 99.07% 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory K. Peters sold 27,312 shares of Netflix stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $88.69, for a total transaction of $2,422,301.28. Following the sale, the chief executive officer directly owned 120,931 shares in the company, valued at $10,725,370.39. This trade represents a 18.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,349,019 shares of company stock valued at $123,105,721. Company insiders own 1.24% of the company’s stock.

Netflix Stock Down 0.1%

NASDAQ NFLX opened at $72.82 on Wednesday. The business has a fifty day moving average price of $87.70 and a two-hundred day moving average price of $89.53. The stock has a market capitalization of $306.63 billion, a PE ratio of 23.52, a PEG ratio of 0.93 and a beta of 1.50. Netflix, Inc. has a fifty-two week low of $71.81 and a fifty-two week high of $134.12. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $12.17 billion. During the same quarter last year, the company posted $6.61 EPS. The company’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. Equities analysts expect that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wedbush reiterated an “outperform” rating and issued a $118.00 price target on shares of Netflix in a research report on Thursday, April 16th. Oppenheimer set a $120.00 price target on Netflix and gave the stock an “outperform” rating in a research report on Friday, April 17th. The Goldman Sachs Group lowered Netflix from a “neutral” rating to an “underweight” rating in a research note on Thursday, June 18th. China Renaissance raised their price objective on Netflix from $90.00 to $100.00 and gave the stock a “hold” rating in a research note on Friday, April 17th. Finally, Pivotal Research set a $96.00 price objective on Netflix and gave the company a “hold” rating in a report on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average price target of $114.26.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is expanding its advertising business through a new AI-powered ad partnership with Omnicom and Acxiom, which could improve ad targeting and measurement and support longer-term ad revenue growth. Omnicom (OMC) Launches Fan Graph And Teams Up With Netflix On AI Ads
• Positive Sentiment: Netflix is trying to broaden engagement beyond streaming with a new original horror game due June 30, signaling more ambition in interactive entertainment. Netflix Unveils New Horror Game to Jumpstart Interactive Offerings
• Positive Sentiment: Several articles argue the stock looks inexpensive after the selloff, with some analysts and strategists pointing to upside if Netflix executes on advertising, free cash flow, and new growth initiatives. Netflix (NFLX) Stock After 42% Slide In Year Looks Cheap On Cash Flow And Earnings
• Neutral Sentiment: Citizens maintained a Market Perform rating, reflecting a mixed Wall Street view rather than a clear catalyst. Netflix (NFLX) Launches First Original Horror Game to Boost Gaming Engagement
• Negative Sentiment: Multiple reports say Netflix’s share of streaming time is declining, reinforcing fears that competitors are taking engagement and attention from the platform. Netflix’s (NFLX) Share of People’s Streaming Time Declines, Further Pressuring the Stock
• Negative Sentiment: Investors remain disappointed that Netflix has not pursued a larger M&A move, and that skepticism has weighed on sentiment after the Warner Bros. deal collapse. Why Netflix Stock Fell Today

Netflix Company 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.