49 Wealth Management LLC Buys 14,125 Shares of Netflix, Inc. $NFLX

Key Points

• 49 Wealth Management LLC dramatically increased its Netflix stake in the fourth quarter, buying 14,125 additional shares and lifting its holdings to 14,700 shares worth about $1.378 million.
• Netflix continues to receive mixed but generally constructive attention from Wall Street, with analysts maintaining a “Moderate Buy” consensus and a target price of $114.82.
• Despite strong recent earnings and revenue growth, insider selling has been notable, including sales by Reed Hastings and CEO Theodore Sarandos, which may weigh on investor sentiment.

49 Wealth Management LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2,456.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,700 shares of the Internet television network's stock after buying an additional 14,125 shares during the period. 49 Wealth Management LLC's holdings in Netflix were worth $1,378,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Apriem Advisors increased its position in shares of Netflix by 0.6% in the third quarter. Apriem Advisors now owns 1,567 shares of the Internet television network's stock worth $1,879,000 after purchasing an additional 9 shares during the last quarter. Tortoise Investment Management LLC grew its position in Netflix by 10.8% during the third quarter. Tortoise Investment Management LLC now owns 92 shares of the Internet television network's stock valued at $110,000 after acquiring an additional 9 shares during the last quarter. Brass Tax Wealth Management Inc. grew its position in Netflix by 3.2% during the third quarter. Brass Tax Wealth Management Inc. now owns 288 shares of the Internet television network's stock valued at $345,000 after acquiring an additional 9 shares during the last quarter. Pacific Sun Financial Corp grew its position in Netflix by 1.6% during the third quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network's stock valued at $688,000 after acquiring an additional 9 shares during the last quarter. Finally, TFC Financial Management Inc. grew its position in Netflix by 14.9% during the third quarter. TFC Financial Management Inc. now owns 77 shares of the Internet television network's stock valued at $92,000 after acquiring an additional 10 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Strong early reviews for Netflix’s new drama Remarkably Bright Creatures suggest a programming win that could help engagement and subscriber retention. Remarkably Bright Creatures Review
• Positive Sentiment: Recent analyst commentary remains constructive, with several firms maintaining or raising price targets and broader coverage still pointing to a “Moderate Buy” view. Netflix, Pulte, and Mobileye Are Buying Their Own Dips—Should You?
• Neutral Sentiment: Warner Bros. Discovery’s large quarterly loss included a $2.8 billion Netflix-related termination fee, but this is primarily an M&A accounting item for WBD rather than a direct operating signal for Netflix. WBD Logs $2.92B Loss
• Neutral Sentiment: Jim Cramer said Netflix is “not a buy, buy, buy,” reflecting caution around competition in streaming, but it was more of a valuation/positioning comment than a formal downgrade. Jim Cramer on Netflix
• Negative Sentiment: CEO Gregory K. Peters sold 27,312 shares and CFO Spencer Adam Neumann sold 9,253 shares on May 7, adding to recent insider selling and likely weighing on investor sentiment. Netflix Insider Selling
• Negative Sentiment: Technical and trading commentary points to continued weakness after the recent pullback, with the stock still below key moving averages and some investors questioning near-term upside. Is It Time To Reassess Netflix?

Insider Activity

In other news, Director Reed Hastings sold 407,550 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $93.13, for a total transaction of $37,955,131.50. Following the completion of the sale, the director owned 3,940 shares of the company's stock, valued at approximately $366,932.20. This represents a 99.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Theodore A. Sarandos sold 27,312 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $87.97, for a total value of $2,402,636.64. Following the sale, the chief executive officer directly owned 284,804 shares of the company's stock, valued at approximately $25,054,207.88. This trade represents a 8.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 1,453,217 shares of company stock valued at $137,676,777. Corporate insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NFLX. Wedbush reiterated an "outperform" rating and set a $118.00 price target on shares of Netflix in a research report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Netflix from $98.00 to $100.00 and gave the company a "hold" rating in a research report on Tuesday, April 14th. Piper Sandler reiterated an "overweight" rating and set a $115.00 price target (up from $103.00) on shares of Netflix in a research report on Friday, April 17th. Bank of America reduced their price target on shares of Netflix from $149.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, March 6th. Finally, Pivotal Research set a $96.00 price target on shares of Netflix and gave the company a "hold" rating in a research report on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $114.82.

Netflix Stock Performance

NASDAQ:NFLX opened at $87.45 on Monday. The firm has a market cap of $368.22 billion, a PE ratio of 28.25, a price-to-earnings-growth ratio of 1.11 and a beta of 1.55. Netflix, Inc. has a fifty-two week low of $75.01 and a fifty-two 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 50 day moving average price of $95.44 and a 200-day moving average price of $95.75.

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

Netflix Company Profile

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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