Westside Investment Management Inc. Raises Position in Netflix, Inc. $NFLX

by · The Cerbat Gem

Westside Investment Management Inc. grew its position in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 1,069.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,580 shares of the Internet television network’s stock after buying an additional 8,761 shares during the quarter. Westside Investment Management Inc.’s holdings in Netflix were worth $884,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. First Financial Corp IN raised its stake in shares of Netflix by 900.0% in the fourth 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 during the last quarter. DiNuzzo Private Wealth Inc. increased its holdings in Netflix by 885.2% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network’s stock worth $25,000 after buying an additional 239 shares in the last quarter. Imprint Wealth LLC bought a new stake in Netflix in the 3rd quarter worth about $25,000. Retirement Wealth Solutions LLC purchased a new position in Netflix in the 3rd quarter worth about $28,000. Finally, MB Levis & Associates LLC lifted 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 during the period. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 1.0%

NASDAQ:NFLX opened at $104.15 on Tuesday. Netflix, Inc. has a one year low of $75.01 and a one year high of $134.12. The business has a fifty day moving average price of $90.28 and a 200-day moving average price of $98.84. The firm has a market capitalization of $439.74 billion, a price-to-earnings ratio of 41.24, a price-to-earnings-growth ratio of 1.56 and a beta of 1.67. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.19 and a quick ratio of 1.19.

Netflix (NASDAQ:NFLXGet Free Report) last released its quarterly earnings results on Tuesday, January 20th. The Internet television network reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. Netflix had a return on equity of 43.26% and a net margin of 24.30%.The business had revenue of $12.05 billion during the quarter, compared to analyst estimates of $11.97 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. Netflix’s revenue for the quarter was up 17.6% on a year-over-year basis. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. Sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

Analyst Ratings Changes

Several research analysts have recently weighed in on NFLX shares. New Street Research decreased their price objective on shares of Netflix from $100.00 to $96.00 and set a “neutral” rating for the company in a report on Thursday, January 22nd. Wolfe Research boosted their target price on shares of Netflix from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Loop Capital set a $104.00 price target on Netflix in a report on Tuesday, January 27th. JPMorgan Chase & Co. began coverage on Netflix in a research note on Monday, March 2nd. They issued an “overweight” rating and a $120.00 price target on the stock. Finally, Piper Sandler reiterated a “positive” rating and set a $103.00 price objective (down from $140.00) on shares of Netflix in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $115.80.

View Our Latest Research Report on NFLX

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 27,312 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $83.24, for a total value of $2,273,450.88. Following the completion of the transaction, the chief executive officer directly owned 122,140 shares in the company, valued at $10,166,933.60. This represents a 18.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Cletus R. Willems sold 3,136 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $82.67, for a total transaction of $259,253.12. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,543,023 shares of company stock worth $141,145,842 in the last ninety days. Corporate insiders own 1.37% of the company’s stock.

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.

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