BTC Capital Management Inc. Has $9.53 Million Stock Holdings in Netflix, Inc. $NFLX

BTC Capital Management Inc. boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 57.3% during the 1st quarter, HoldingsChannel reports. The fund owned 99,037 shares of the Internet television network’s stock after buying an additional 36,061 shares during the quarter. BTC Capital Management Inc.’s holdings in Netflix were worth $9,532,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after purchasing an additional 257 shares during the period. Revolve Wealth Partners LLC lifted its position in Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after purchasing an additional 144 shares during the period. Sivia Capital Partners LLC lifted its position in Netflix by 21.2% in the second quarter. Sivia Capital Partners LLC now owns 1,406 shares of the Internet television network’s stock worth $1,883,000 after purchasing an additional 246 shares during the period. Strategic Investment Advisors MI boosted its stake in Netflix by 18.9% during the second quarter. Strategic Investment Advisors MI now owns 774 shares of the Internet television network’s stock worth $1,036,000 after buying an additional 123 shares in the last quarter. Finally, Schnieders Capital Management LLC. boosted its stake in Netflix by 12.1% during the second quarter. Schnieders Capital Management LLC. now owns 2,115 shares of the Internet television network’s stock worth $2,832,000 after buying an additional 228 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is expanding beyond streaming with a new original horror game, Unhinged, and other gaming-focused releases, which could open a new engagement and monetization avenue. Article: Netflix Unveils New Horror Game to Jumpstart Interactive Offerings
• Positive Sentiment: Omnicom’s AI advertising collaboration with Netflix highlights progress in the company’s ad-supported strategy and could improve ad targeting, measurement, and revenue growth. Article: Netflix Struggles to Shift the Narrative After Warner Bros. Fiasco
• Positive Sentiment: Some commentators argue the stock looks oversold after the plunge, with bullish articles pointing to Netflix’s valuation, cash flow, and long-term growth potential. Article: 4 Reasons Netflix Stock Is a Must-Own Now After the Plunge
• Neutral Sentiment: Analysts and market commentary continue to debate whether Netflix can replace slowing momentum from hits like Stranger Things and Squid Game with new drivers such as live sports, gaming, and ads. Article: Netflix Stock Plunges To 20-Month Low: Can Live Sports Replace Stranger Things And Squid Game?
• Negative Sentiment: Investor concern is rising that Netflix may be getting more aggressive on acquisitions after the failed Warner Bros. Discovery deal, which is weighing on the stock. Article: Netflix is growing but its stock price is shrinking, as the specter of M&A spooks investors
• Negative Sentiment: Reports that Netflix’s share of streaming time is declining and that competitors are gaining strength are adding to worries about slower audience growth and tougher competition. Article: Netflix’s (NFLX) Share of People’s Streaming Time Declines, Further Pressuring the Stock

Insider Transactions at Netflix

In other news, Director Reed Hastings sold 420,550 shares of Netflix stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $95.49, for a total value of $40,158,319.50. Following the completion of the transaction, the director owned 3,940 shares in the company, valued at approximately $376,230.60. The trade was a 99.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 transaction, the chief executive officer directly owned 284,804 shares in the company, valued at $25,054,207.88. The trade was a 8.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 1,349,019 shares of company stock valued at $123,105,721. 1.24% of the stock is owned by company insiders.

Netflix Stock Down 1.4%

Shares of NASDAQ NFLX opened at $71.84 on Thursday. Netflix, Inc. has a 52-week low of $71.63 and a 52-week high of $134.12. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41. The business has a fifty day moving average of $87.07 and a two-hundred day moving average of $89.31. The stock has a market cap of $302.49 billion, a PE ratio of 23.20, a PEG ratio of 0.93 and a beta of 1.50.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.47. The business had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, equities research analysts expect that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on NFLX shares. New Street Research increased their price objective on shares of Netflix from $96.00 to $102.00 in a research note on Friday, April 17th. Citigroup reiterated a “market perform” rating on shares of Netflix in a research report on Thursday, June 18th. 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 research note on Friday, April 17th. Wolfe Research reissued an “outperform” rating and issued a $107.00 price target on shares of Netflix in a research report on Friday, April 17th. Finally, DZ Bank restated a “buy” rating on shares of Netflix in a research note 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 issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average target price of $114.26.

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.