Netflix, Inc. $NFLX Shares Acquired by Tritonpoint Wealth LLC

by · The Markets Daily

Tritonpoint Wealth LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 758.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 16,101 shares of the Internet television network’s stock after purchasing an additional 14,226 shares during the quarter. Tritonpoint Wealth LLC’s holdings in Netflix were worth $1,510,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of NFLX. First Financial Corp IN increased its position 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 acquiring an additional 243 shares in the last quarter. DiNuzzo Private Wealth Inc. lifted its position in shares of Netflix by 885.2% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 239 shares in the last quarter. Imprint Wealth LLC purchased a new position in shares of Netflix in the third quarter valued at $25,000. Retirement Wealth Solutions LLC acquired a new position in Netflix in the 3rd quarter worth $28,000. Finally, MB Levis & Associates LLC boosted its position in Netflix by 177.8% in the 4th quarter. MB Levis & Associates LLC now owns 300 shares of the Internet television network’s stock valued at $28,000 after buying an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In other news, Director Bradford L. Smith sold 31,790 shares of the business’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $88.86, for a total value of $2,824,859.40. Following the sale, the director owned 79,690 shares of the company’s stock, valued at approximately $7,081,253.40. The trade was a 28.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Reed Hastings sold 420,550 shares of the company’s stock in a transaction 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 sale, the director owned 3,940 shares of the company’s stock, valued at approximately $376,230.60. This trade represents a 99.07% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,543,023 shares of company stock worth $141,145,842 in the last quarter. Company insiders own 1.37% of the company’s stock.

Netflix Stock Performance

NFLX stock opened at $98.66 on Friday. The company has a 50-day simple moving average of $88.28 and a 200 day simple moving average of $99.86. The company has a market capitalization of $416.56 billion, a P/E ratio of 39.04, a PEG ratio of 1.50 and a beta of 1.67. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.51. Netflix, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $134.12.

Netflix (NASDAQ:NFLXGet Free Report) last released its earnings results on Tuesday, January 20th. The Internet television network reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. Netflix had a net margin of 24.30% and a return on equity of 43.26%. The firm had revenue of $12.05 billion for the quarter, compared to analysts’ expectations of $11.97 billion. During the same quarter last year, the company earned $0.43 EPS. Netflix’s quarterly revenue 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 predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NFLX shares. Guggenheim lowered their price objective on Netflix from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, January 21st. UBS Group set a $104.00 target price on Netflix in a research note on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $98.00 target price (up from $95.00) on shares of Netflix in a research note on Wednesday, January 21st. Benchmark reissued a “hold” rating on shares of Netflix in a research report on Tuesday, January 13th. Finally, Needham & Company LLC lowered their price objective on shares of Netflix from $150.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $114.57.

View Our Latest Stock Report on Netflix

Key Stories Impacting Netflix

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Netflix 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.

See Also

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