Aquatic Capital Management LLC Takes $56.90 Million Position in Netflix, Inc. $NFLX

Key Points

• Aquatic Capital Management bought a new 47,458-share position in Netflix in Q3 valued at about $56.90 million, making NFLX its 8th-largest holding and ~1.1% of the firm's portfolio.
• Insiders have been net sellers: CEO Gregory K. Peters sold 105,781 shares for roughly $8.77 million (a 46.41% reduction), and company insiders disposed of about 1,520,133 shares worth ~$137.26 million in the past three months.
• Strategic moves and analyst view: Netflix is reported to be acquiring Ben Affleck’s AI startup InterPositive for up to $600 million to speed AI-driven production (creating integration and cash-outflow risk), while analysts hold a consensus “Moderate Buy” rating with a $114.67 average target.

Aquatic Capital Management LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 47,458 shares of the Internet television network's stock, valued at approximately $56,898,000. Netflix accounts for 1.1% of Aquatic Capital Management LLC's investment portfolio, making the stock its 8th largest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Imprint Wealth LLC purchased a new stake in Netflix during the 3rd quarter valued at approximately $25,000. Retirement Wealth Solutions LLC purchased a new position in shares of Netflix in the 3rd quarter valued at approximately $28,000. Steph & Co. grew its stake in shares of Netflix by 188.9% in the 3rd quarter. Steph & Co. now owns 26 shares of the Internet television network's stock valued at $31,000 after purchasing an additional 17 shares during the last quarter. Bare Financial Services Inc increased its holdings in shares of Netflix by 93.3% in the third quarter. Bare Financial Services Inc now owns 29 shares of the Internet television network's stock valued at $35,000 after purchasing an additional 14 shares during the period. Finally, Horizon Financial Services LLC increased its holdings in shares of Netflix by 480.0% in the third quarter. Horizon Financial Services LLC now owns 29 shares of the Internet television network's stock valued at $35,000 after purchasing an additional 24 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 105,781 shares of the stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $82.94, for a total transaction of $8,773,476.14. Following the sale, the chief executive officer owned 122,140 shares in the company, valued at approximately $10,130,291.60. This represents a 46.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bradford L. Smith sold 31,790 shares of the firm'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 transaction, the director directly owned 79,690 shares of the company's stock, valued at $7,081,253.40. The trade was a 28.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,520,133 shares of company stock worth $137,259,786 in the last three months. Company insiders own 1.37% of the company's stock.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is acquiring InterPositive, Ben Affleck’s AI moviemaking startup, in a deal reported to be as much as $600 million — a strategic move to accelerate AI tools for editing and production that could lower content costs and speed releases. MarketWatch: Netflix is spending up to $600 million to buy Ben Affleck’s AI startup
• Positive Sentiment: Netflix confirmed a sequel to its most-watched film ever, “KPop Demon Hunters,” supporting continued strong content performance and subscriber engagement. Reuters: More demons, more K-pop: Netflix announces 'KPop Demon Hunters' sequel
• Positive Sentiment: Netflix is expanding into games and live streaming (hires and tech partnerships reported), signaling new revenue adjacencies beyond SVOD that could improve monetization over time. Yahoo Finance: Netflix Expands Games And Live Streaming
• Neutral Sentiment: The company set its Q1 2026 earnings release for April 16, giving the market a date to reassess growth, margins and guidance — an event risk but also an information catalyst. PR Newswire: Netflix to Announce First Quarter 2026 Financial Results
• Neutral Sentiment: High investor attention and bullish commentary (e.g., some strategists buying after the company dropped the Warner Bros. Discovery deal) are driving flows and sentiment—but they don’t guarantee fundamentals will beat expectations. Zacks: Netflix is Attracting Investor Attention
• Negative Sentiment: Reports of internal product-team cuts and a reorg could signal cost pressure or execution risk; layoffs can reduce near-term innovation velocity and unsettle employees. Benzinga: Netflix Cuts Dozens Of Product Team Jobs Amid Internal Restructuring
• Negative Sentiment: The sizable InterPositive price tag (reported up to $600M) creates near-term cash outflow and integration risk; investors may worry about payback timing and execution on promised AI cost savings. TechCrunch: Netflix may have paid $600 million for Ben Affleck's AI startup

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wedbush reissued an "outperform" rating and issued a $115.00 price objective on shares of Netflix in a research note on Friday, February 20th. Cfra upgraded shares of Netflix from a "hold" rating to a "buy" rating and set a $115.00 target price for the company in a research note on Friday, March 6th. Argus dropped their price target on shares of Netflix from $141.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, January 22nd. BMO Capital Markets cut their price target on shares of Netflix from $143.00 to $135.00 and set an "outperform" rating for the company in a report on Wednesday, January 21st. Finally, Rosenblatt Securities raised their price objective on shares of Netflix from $94.00 to $95.00 and gave the company a "neutral" rating in a research report on Friday, February 27th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and fourteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $114.67.

Netflix Price Performance

NFLX stock opened at $95.31 on Friday. The firm has a 50 day moving average of $86.57 and a 200-day moving average of $102.80. Netflix, Inc. has a 12-month low of $75.01 and a 12-month high of $134.12. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.51. The company has a market cap of $402.41 billion, a price-to-earnings ratio of 37.72, a PEG ratio of 1.46 and a beta of 1.68.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Tuesday, January 20th. The Internet television network reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $11.97 billion. During the same quarter in the prior year, the firm posted $0.43 EPS. The company's revenue was up 17.6% compared to the same quarter last year. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. As a group, equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Netflix 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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