MCF Advisors LLC Grows Stock Holdings in Netflix, Inc. $NFLX

by · The Cerbat Gem

MCF Advisors LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 1,084.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 15,960 shares of the Internet television network’s stock after acquiring an additional 14,612 shares during the period. MCF Advisors LLC’s holdings in Netflix were worth $1,496,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Mascagni Wealth Management Inc. lifted its holdings in shares of Netflix by 981.7% during the fourth quarter. Mascagni Wealth Management Inc. now owns 9,930 shares of the Internet television network’s stock valued at $931,000 after purchasing an additional 9,012 shares during the last quarter. First Command Advisory Services Inc. lifted its holdings in shares of Netflix by 1,097.3% during the fourth quarter. First Command Advisory Services Inc. now owns 9,914 shares of the Internet television network’s stock valued at $930,000 after purchasing an additional 9,086 shares during the last quarter. Invst LLC lifted its holdings in shares of Netflix by 774.6% during the fourth quarter. Invst LLC now owns 19,162 shares of the Internet television network’s stock valued at $1,797,000 after purchasing an additional 16,971 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Netflix by 630.3% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 378,561 shares of the Internet television network’s stock valued at $35,494,000 after purchasing an additional 326,726 shares during the last quarter. Finally, Patron Partners LLC lifted its holdings in shares of Netflix by 861.5% during the fourth quarter. Patron Partners LLC now owns 16,067 shares of the Internet television network’s stock valued at $1,506,000 after purchasing an additional 14,396 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

Insider Transactions at Netflix

In other news, CEO Gregory K. Peters sold 27,312 shares of Netflix stock in a transaction that occurred on 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 directly owned 120,931 shares in the company, valued at $10,725,370.39. The trade was a 18.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Reed Hastings sold 386,700 shares of Netflix stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $85.97, for a total transaction of $33,244,599.00. Following the completion of the sale, the director owned 3,940 shares of the company’s stock, valued at $338,721.80. This represents a 98.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 1,313,029 shares of company stock valued at $120,315,776. Company insiders own 1.24% of the company’s stock.

Analyst Ratings Changes

NFLX has been the subject of several recent research reports. Citizens Jmp reiterated a “market perform” rating on shares of Netflix in a report on Wednesday, April 15th. Jefferies Financial Group reduced their price objective on shares of Netflix from $134.00 to $128.00 and set a “buy” rating for the company in a research note on Friday, April 17th. Bank of America restated a “buy” rating and set a $125.00 price objective on shares of Netflix in a research note on Monday, May 18th. HSBC raised their price objective on shares of Netflix from $106.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Finally, DZ Bank restated a “buy” rating on shares of Netflix in a research note on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $114.82.

Read Our Latest Analysis on NFLX

Netflix Stock Performance

Shares of NFLX stock opened at $82.18 on Friday. The company has a 50 day moving average price of $92.21 and a 200-day moving average price of $92.20. Netflix, Inc. has a 52 week low of $75.01 and a 52 week high of $134.12. The firm has a market capitalization of $346.04 billion, a PE ratio of 26.54, a P/E/G ratio of 1.04 and a beta of 1.50. 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 (NASDAQ:NFLXGet Free Report) last announced its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $12.17 billion. During the same period in the previous year, the business posted $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. As a group, equities research analysts expect that Netflix, Inc. will post 3.6 earnings per share for the current year.

Netflix Company Profile

(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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