Netflix, Inc. $NFLX Shares Bought by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. raised its position in Netflix, Inc. (NASDAQ:NFLXFree Report) by 7,203.8% in the 4th quarter, Holdings Channel reports. The fund owned 13,512 shares of the Internet television network’s stock after acquiring an additional 13,327 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in Netflix were worth $1,267,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Catalyst Capital Advisors LLC raised its stake in shares of Netflix by 653.1% during the 4th quarter. Catalyst Capital Advisors LLC now owns 1,574 shares of the Internet television network’s stock worth $148,000 after buying an additional 1,365 shares in the last quarter. Keyvantage Wealth LLC raised its stake in shares of Netflix by 561.1% during the 4th quarter. Keyvantage Wealth LLC now owns 2,380 shares of the Internet television network’s stock worth $223,000 after buying an additional 2,020 shares in the last quarter. Koss Olinger Consulting LLC raised its stake in shares of Netflix by 457.0% during the 4th quarter. Koss Olinger Consulting LLC now owns 11,146 shares of the Internet television network’s stock worth $1,045,000 after buying an additional 9,145 shares in the last quarter. Cherry Tree Wealth Management LLC raised its stake in shares of Netflix by 892.9% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 1,390 shares of the Internet television network’s stock worth $130,000 after buying an additional 1,250 shares in the last quarter. Finally, Forsta AP Fonden raised its stake in shares of Netflix by 890.8% during the 4th quarter. Forsta AP Fonden now owns 1,263,310 shares of the Internet television network’s stock worth $118,448,000 after buying an additional 1,135,810 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Down 0.4%

NASDAQ:NFLX opened at $86.02 on Friday. The company has a market capitalization of $362.21 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 1.10 and a beta of 1.55. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. Netflix, Inc. has a 52-week low of $75.01 and a 52-week high of $134.12. The stock has a fifty day simple moving average of $93.12 and a 200-day simple moving average of $93.26.

Netflix (NASDAQ:NFLXGet Free Report) last released its quarterly 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 the consensus estimate of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The business’s revenue was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $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.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 28,630 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $98.00, for a total transaction of $2,805,740.00. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at $7,231,126. This trade represents a 27.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David A. Hyman sold 5,722 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $88.08, for a total transaction of $503,993.76. Following the transaction, the insider directly owned 316,100 shares of the company’s stock, valued at approximately $27,842,088. This trade represents a 1.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 1,365,509 shares of company stock worth $129,675,743. Insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NFLX. JPMorgan Chase & Co. reissued a “buy” rating on shares of Netflix in a research note on Wednesday, April 22nd. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Netflix in a research note on Thursday, May 14th. Barclays set a $110.00 price target on shares of Netflix and gave the stock an “equal weight” rating in a research note on Friday, April 17th. Arete Research raised shares of Netflix from a “neutral” rating to a “buy” rating in a research note on Friday, February 27th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $115.00 price target (up from $108.00) on shares of Netflix in a research note on Tuesday, April 14th. Two equities research 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $114.82.

Get Our Latest Research Report on NFLX

About Netflix

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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