Asset One Wealth Management LLC Invests $3.77 Million in Netflix, Inc. $NFLX

Key Points

• Asset One Wealth Management opened a new position in Netflix during the fourth quarter, buying 40,227 shares worth about $3.77 million.
• Several analysts remain constructive on Netflix: HSBC and Evercore both maintained bullish views, and the stock’s consensus rating stands at “Moderate Buy” with an average price target of $114.26.
• Netflix reported solid quarterly results, with EPS of $1.23 beating estimates and revenue of $12.25 billion topping forecasts, even as the stock traded near its 52-week low and insider sales continued.

Asset One Wealth Management LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 40,227 shares of the Internet television network's stock, valued at approximately $3,772,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Apriem Advisors grew its position in Netflix by 0.6% in the third quarter. Apriem Advisors now owns 1,567 shares of the Internet television network's stock valued at $1,879,000 after purchasing an additional 9 shares in the last quarter. Tortoise Investment Management LLC grew its position in Netflix by 10.8% in the third quarter. Tortoise Investment Management LLC now owns 92 shares of the Internet television network's stock valued at $110,000 after purchasing an additional 9 shares in the last quarter. Brass Tax Wealth Management Inc. grew its position in Netflix by 3.2% in the third quarter. Brass Tax Wealth Management Inc. now owns 288 shares of the Internet television network's stock valued at $345,000 after purchasing an additional 9 shares in the last quarter. Pacific Sun Financial Corp grew its position in Netflix by 1.6% in the third quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network's stock valued at $688,000 after purchasing an additional 9 shares in the last quarter. Finally, RS Crum Inc. grew its position in Netflix by 3.6% in the third quarter. RS Crum Inc. now owns 288 shares of the Internet television network's stock valued at $345,000 after purchasing an additional 10 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NFLX shares. HSBC raised their target price on shares of Netflix from $106.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, April 10th. Evercore started coverage on shares of Netflix in a research report on Friday, February 27th. They issued an "outperform" rating and a $115.00 target price for the company. Daiwa Securities Group raised their target price on shares of Netflix from $97.00 to $102.00 and gave the company an "outperform" rating in a research report on Thursday, April 23rd. Needham & Company LLC reaffirmed a "buy" rating on shares of Netflix in a research report on Friday, April 17th. Finally, Huber Research upgraded shares of Netflix from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, February 27th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $114.26.

Netflix Stock Down 2.2%

NFLX stock opened at $76.96 on Thursday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $324.06 billion, a PE ratio of 24.86, a PEG ratio of 1.00 and a beta of 1.50. Netflix, Inc. has a 1-year low of $75.01 and a 1-year high of $134.12. The business's 50 day simple moving average is $89.75 and its 200 day simple moving average is $90.44.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.47. The business had revenue of $12.25 billion for 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 firm's revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 3.6 EPS for the current year.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Some market watchers say Netflix’s sharp selloff may be nearing a bottom, with technical commentary suggesting the stock could be stabilizing after a steep two-month decline.
• Neutral Sentiment: MoffettNathanson cut its price target on Netflix from $120 to $115 but kept a buy rating, signaling continued long-term confidence despite near-term pressure.
• Negative Sentiment: Netflix’s refusal to pursue Lionsgate, combined with the Fox-Roku deal, has fueled concerns that it is losing ground in the sector’s consolidation race and may face more competition around distribution and ad-supported growth.
• Negative Sentiment: Netflix also canceled The Boroughs after one season, a reminder that some content investments are still being pruned as the company remains selective on spending.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 9,253 shares of Netflix stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $88.95, for a total transaction of $823,054.35. Following the completion of the sale, the chief financial officer owned 73,787 shares of the company's stock, valued at approximately $6,563,353.65. The trade was a 11.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David A. Hyman sold 5,722 shares of Netflix stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $88.08, for a total transaction of $503,993.76. Following the sale, the insider directly owned 316,100 shares of the company's stock, valued at $27,842,088. The trade was a 1.78% 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. Insiders have sold a total of 1,313,029 shares of company stock worth $120,315,776 in the last ninety days. Insiders own 1.24% of the company's stock.

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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