Prasad Wealth Partners LLC Acquires Shares of 15,038 Netflix, Inc. $NFLX

Prasad Wealth Partners LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 15,038 shares of the Internet television network’s stock, valued at approximately $1,446,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tortoise Investment Management LLC grew its stake in Netflix by 10.8% during the 3rd quarter. Tortoise Investment Management LLC now owns 92 shares of the Internet television network’s stock worth $110,000 after buying an additional 9 shares during the last quarter. Brass Tax Wealth Management Inc. lifted its stake in Netflix by 3.2% in the third quarter. Brass Tax Wealth Management Inc. now owns 288 shares of the Internet television network’s stock valued at $345,000 after buying an additional 9 shares during the last quarter. Pacific Sun Financial Corp boosted its holdings in shares of Netflix by 1.6% in the third quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network’s stock valued at $688,000 after acquiring an additional 9 shares during the period. Beaird Harris Wealth Management LLC boosted its holdings in shares of Netflix by 9.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network’s stock valued at $137,000 after acquiring an additional 10 shares during the period. Finally, Wayfinding Financial LLC grew its position in shares of Netflix by 1.6% during the third quarter. Wayfinding Financial LLC now owns 754 shares of the Internet television network’s stock worth $903,000 after acquiring an additional 12 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Netflix

In other news, Director Bradford L. Smith sold 35,990 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $77.52, for a total value of $2,789,944.80. Following the completion of the sale, the director owned 79,690 shares in the company, valued at approximately $6,177,568.80. This trade represents a 31.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Reed Hastings sold 407,550 shares of Netflix stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $93.13, for a total transaction of $37,955,131.50. Following the completion of the sale, the director directly owned 3,940 shares in the company, valued at approximately $366,932.20. The trade was a 99.04% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 899,839 shares of company stock worth $80,141,661 in the last 90 days. Corporate insiders own 1.24% of the company’s stock.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is being bought on the idea that its recent decline has made the valuation more attractive, especially after a sharp reset in the stock price. NFLX Stock Climbs 3.95% as Valuation and Ad Growth Lift Demand Now
• Positive Sentiment: Investors are also focusing on Netflix’s advertising tier, which is still seen as a major growth driver and a key reason bulls think the stock can recover. Netflix Stock Is Near 2021 Levels, and Bulls See 4 Reasons to Care
• Positive Sentiment: Some commentary suggests Netflix’s sell-off may be overdone, with bulls pointing to strong revenue trends, buyback support, and improving investor sentiment ahead of upcoming results. Netflix Stock Is Near 2021 Levels, and Bulls See 4 Reasons to Care
• Neutral Sentiment: Netflix is scheduled to report results soon, and multiple articles note that investors are positioning ahead of that update, which could create volatility depending on guidance. Should You Buy Netflix Stock Before the Huge Investor Update?
• Negative Sentiment: Despite today’s rebound, Netflix remains well below its recent highs, and some investors still view the stock as a turnaround story rather than a confirmed recovery. Netflix Stock Is Near 2021 Levels, and Bulls See 4 Reasons to Care

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NFLX shares. Citigroup reaffirmed a “market perform” rating on shares of Netflix in a report on Thursday, June 18th. President Capital increased their price target on shares of Netflix from $133.00 to $134.00 and gave the stock a “buy” rating in a research note on Tuesday, March 31st. Citizens Jmp reissued a “market perform” rating on shares of Netflix in a research report on Wednesday, April 15th. Seaport Research Partners lifted their price objective on shares of Netflix from $115.00 to $119.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, China Renaissance upped their target price on shares of Netflix from $90.00 to $100.00 and gave the company a “hold” rating in a report on Friday, April 17th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $114.26.

Netflix Price Performance

Netflix stock opened at $77.65 on Friday. Netflix, Inc. has a 12 month low of $70.86 and a 12 month high of $130.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41. The business has a 50 day simple moving average of $83.78 and a 200-day simple moving average of $88.37. The stock has a market capitalization of $326.97 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 0.94 and a beta of 1.52.

Netflix (NASDAQ:NFLX) last posted 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 net margin of 28.52% and a return on equity of 40.92%. The firm had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.17 billion. During the same period last year, the firm posted $6.61 EPS. Netflix’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. Equities analysts predict that Netflix, Inc. will post 3.6 earnings per share for the current 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.