Citizens Financial Group Inc. RI Boosts Stake in Netflix, Inc. $NFLX

Citizens Financial Group Inc. RI lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 71.6% in the 1st quarter, Holdings Channel reports. The fund owned 286,009 shares of the Internet television network’s stock after acquiring an additional 119,343 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Netflix were worth $27,500,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NFLX. Fifth Third Bancorp boosted its position in shares of Netflix by 73.6% during the first quarter. Fifth Third Bancorp now owns 1,999,633 shares of the Internet television network’s stock valued at $192,265,000 after purchasing an additional 847,808 shares in the last quarter. Sovran Advisors LLC raised its holdings in Netflix by 25.6% in the first quarter. Sovran Advisors LLC now owns 21,765 shares of the Internet television network’s stock worth $2,037,000 after purchasing an additional 4,440 shares in the last quarter. Rossmore Private Capital raised its holdings in Netflix by 25.0% in the first quarter. Rossmore Private Capital now owns 10,446 shares of the Internet television network’s stock worth $1,004,000 after purchasing an additional 2,090 shares in the last quarter. Sachetta LLC lifted its position in Netflix by 26.3% during the first quarter. Sachetta LLC now owns 1,793 shares of the Internet television network’s stock valued at $172,000 after buying an additional 373 shares during the period. Finally, TSA Wealth Managment LLC bought a new stake in shares of Netflix during the 1st quarter valued at $213,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 2.8%

NFLX stock traded down $2.10 during trading on Friday, hitting $73.37. 46,556,598 shares of the stock traded hands, compared to its average volume of 45,985,956. The stock has a market cap of $308.95 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52. 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, Inc. has a 1 year low of $70.86 and a 1 year high of $127.75. The firm’s 50 day moving average is $81.78 and its two-hundred day moving average is $87.63.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.47. The business had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the previous year, the company earned $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, sell-side analysts anticipate that Netflix, Inc. will post 3.6 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. President Capital upped their target price on shares of Netflix from $133.00 to $134.00 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. New Street Research lifted their price target on shares of Netflix from $96.00 to $102.00 in a research report on Friday, April 17th. Weiss Ratings lowered shares of Netflix from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 26th. Erste Group Bank downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Moffett Nathanson lowered their target price on shares of Netflix from $120.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, June 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.65.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Some investors see Netflix’s valuation and long-term operating momentum as attractive ahead of earnings, with articles arguing the stock may be a buy before the July 16 report as the company still has strong financial execution. Here Is the Main Reason to Buy Netflix Before July 16
• Positive Sentiment: Several analysts and market commentators remain constructive, saying the recent pullback may have gone too far and that Netflix could still surprise positively on earnings if subscriber trends and margins hold up. Netflix (NFLX) Bears Have Gone Too Far Ahead of Q2
• Neutral Sentiment: Netflix remains a heavily watched stock ahead of earnings, with option traders positioning for a larger move around the July 16 report. 3 Options Strategies for Netflix Earnings Next Week
• Negative Sentiment: Reports that Netflix is considering live TV channels and bundling third-party services suggest management is worried about slowing engagement, raising concerns that growth is becoming harder to sustain. Netflix Is Exploring Live TV and Bundles as It Struggles to Keep Viewers Hooked
• Negative Sentiment: Investors are reacting to signs that viewer retention may be weakening, and the strategic pivot toward live programming is being interpreted as a response to competitive and engagement pressures. Netflix Weighs Live TV Push
• Negative Sentiment: Commentary ahead of earnings says Netflix has been in a funk for nearly a year, with the stock still facing investor concern over slowing engagement and the need for a new growth catalyst. Should You Buy Netflix Stock Before July 16? Here’s My Honest Answer

Insider Buying and Selling

In other Netflix news, CFO Spencer Adam Neumann sold 9,253 shares of Netflix stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $88.95, for a total value of $823,054.35. Following the completion of the sale, the chief financial officer owned 73,787 shares of the company’s stock, valued at approximately $6,563,353.65. This trade represents a 11.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Reed Hastings sold 407,550 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $93.13, for a total value of $37,955,131.50. Following the completion of the transaction, the director owned 3,940 shares of the company’s stock, valued at $366,932.20. This represents 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 sold 899,839 shares of company stock worth $80,141,661 over the last 90 days. 1.24% of the stock is currently owned by company insiders.

Netflix 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.