Netflix, Inc. $NFLX Stake Boosted by Westpac Banking Corp

Westpac Banking Corp increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 726.7% during the fourth quarter, HoldingsChannel reports. The firm owned 85,818 shares of the Internet television network’s stock after acquiring an additional 75,437 shares during the period. Westpac Banking Corp’s holdings in Netflix were worth $8,046,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. First Financial Corp IN increased its stake in Netflix by 900.0% in the 4th quarter. First Financial Corp IN now owns 270 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 243 shares in the last quarter. DiNuzzo Private Wealth Inc. grew its stake in Netflix by 885.2% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 239 shares in the last quarter. Turning Point Benefit Group Inc. grew its stake in Netflix by 13,400.0% during the 4th quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 268 shares in the last quarter. Imprint Wealth LLC purchased a new position in Netflix during the 3rd quarter valued at about $25,000. Finally, MB Levis & Associates LLC grew its stake in Netflix by 177.8% during the 4th quarter. MB Levis & Associates LLC now owns 300 shares of the Internet television network’s stock valued at $28,000 after acquiring an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is expanding beyond core streaming with new live-content initiatives and franchise-based consumer product deals, which could open additional revenue streams over time. A Look At Netflix (NFLX) Valuation As Live Content And Franchise Deals Broaden Its Business Model
• Positive Sentiment: Some analysts see Netflix as more attractively priced after the pullback, pointing to its proximity to the 52-week low, improved free cash flow guidance, and continued ad business growth. Netflix Nearing 52-Week Low: Buy, Sell or Hold?
• Neutral Sentiment: Several recent articles debate whether Netflix is becoming more of a value stock than a growth stock, highlighting a shift in how investors may judge the company going forward. Has Netflix Become More of a Value Stock Than a Growth Stock?
• Neutral Sentiment: Coverage about June streaming lineups may help keep Netflix’s content slate in focus, but it does not appear to be a major near-term stock catalyst. Here’s what’s worth streaming in June on Netflix, Hulu, HBO Max and more
• Negative Sentiment: Netflix stock has been falling even as the broader market rises, suggesting weak momentum and continued investor concern about the shares’ recent performance. Netflix (NFLX) Stock Falls Amid Market Uptick: What Investors Need to Know
• Negative Sentiment: Director Reed Hastings sold 386,700 shares in a pre-arranged 10b5-1 plan, a move that can weigh on sentiment even though the sale was scheduled in advance. Insider Selling: Netflix (NASDAQ:NFLX) Director Sells 386,700 Shares of Stock

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 9,253 shares of the business’s stock in a transaction that occurred 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 directly owned 73,787 shares in the company, valued at approximately $6,563,353.65. The trade was a 11.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the sale, the chief executive officer owned 284,804 shares of the company’s stock, valued at approximately $25,054,207.88. This trade represents a 8.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 1,313,029 shares of company stock worth $120,315,776 over the last quarter. Insiders own 1.24% of the company’s stock.

Netflix Stock Down 2.9%

Shares of Netflix stock opened at $83.33 on Wednesday. The firm has a market cap of $350.89 billion, a price-to-earnings ratio of 26.92, a P/E/G ratio of 1.09 and a beta of 1.50. 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 52-week low of $75.01 and a 52-week high of $134.12. The stock has a 50-day simple moving average of $93.00 and a 200-day simple moving average of $93.09.

Netflix (NASDAQ:NFLX) last announced 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. The business had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The firm’s revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the company earned $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, equities research analysts expect that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NFLX. TD Cowen reaffirmed a “buy” rating on shares of Netflix in a research note on Thursday, May 14th. Moffett Nathanson lifted their target price on Netflix from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Netflix in a research note on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on Netflix from $98.00 to $100.00 and gave the company a “hold” rating in a research note on Tuesday, April 14th. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of Netflix in a research note on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average target price of $114.82.

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.