Welch & Forbes LLC Has $11.39 Million Holdings in Netflix, Inc. $NFLX

Welch & Forbes LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 3,464.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 118,448 shares of the Internet television network’s stock after buying an additional 115,125 shares during the quarter. Welch & Forbes LLC’s holdings in Netflix were worth $11,389,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Brass Tax Wealth Management Inc. increased its holdings in Netflix by 3.2% during the 3rd quarter. Brass Tax Wealth Management Inc. now owns 288 shares of the Internet television network’s stock valued at $345,000 after purchasing an additional 9 shares in the last quarter. Pacific Sun Financial Corp boosted its stake in Netflix by 1.6% in the third quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network’s stock worth $688,000 after purchasing an additional 9 shares in the last quarter. Beaird Harris Wealth Management LLC grew its holdings in shares of Netflix by 9.6% during the third quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network’s stock worth $137,000 after purchasing an additional 10 shares during the last quarter. Wayfinding Financial LLC increased its stake in shares of Netflix by 1.6% in the third quarter. Wayfinding Financial LLC now owns 754 shares of the Internet television network’s stock valued at $903,000 after buying an additional 12 shares in the last quarter. Finally, Monograph Wealth Advisors LLC increased its stake in shares of Netflix by 1.8% in the second quarter. Monograph Wealth Advisors LLC now owns 682 shares of the Internet television network’s stock valued at $913,000 after buying an additional 12 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Down 2.8%

Shares of NFLX traded down $2.10 on Friday, reaching $73.37. 46,556,598 shares of the company’s stock were exchanged, compared to its average volume of 45,985,956. The business has a 50 day moving average price of $81.78 and a two-hundred day moving average price of $87.63. Netflix, Inc. has a 12 month low of $70.86 and a 12 month high of $127.75. The stock has a market capitalization of $308.95 billion, a P/E ratio of 23.70, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) 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 analysts’ expectations of $12.17 billion. During the same period last year, the firm earned $6.61 earnings per share. The business’s revenue for the quarter was up 16.2% on a year-over-year basis. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Research analysts anticipate that Netflix, Inc. will post 3.6 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on NFLX. Seaport Research Partners increased their price objective on shares of Netflix from $115.00 to $119.00 and gave the stock a “buy” rating in a report on Friday, April 17th. President Capital increased their price target on shares of Netflix from $133.00 to $134.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Rosenblatt Securities lowered their price target on shares of Netflix from $96.00 to $95.00 and set a “neutral” rating for the company in a report on Friday, April 17th. Pivotal Research set a $96.00 target price on Netflix and gave the company a “hold” rating in a research note on Friday, April 17th. Finally, Barclays set a $110.00 target price on Netflix and gave the company an “equal weight” rating in a research note on Friday, April 17th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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 related news, CEO Theodore A. Sarandos sold 27,312 shares of Netflix stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $87.97, for a total transaction of $2,402,636.64. Following the completion of the sale, the chief executive officer directly owned 284,804 shares of the company’s stock, valued at $25,054,207.88. The trade was a 8.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory K. Peters sold 27,312 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $88.69, for a total value of $2,422,301.28. Following the completion of the sale, the chief executive officer owned 120,931 shares of the company’s stock, valued at $10,725,370.39. This represents a 18.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 899,839 shares of company stock worth $80,141,661 over the last 90 days. 1.24% of the stock is currently owned by corporate insiders.

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.