Ballentine Partners LLC Raises Position in Netflix, Inc. $NFLX

Key Points

• Ballentine Partners LLC sharply increased its Netflix stake by 902.3% in the fourth quarter, ending with 69,281 shares valued at about $6.5 million.
• Several other institutional investors also boosted their holdings, and the article notes that hedge funds and other institutions own 80.93% of Netflix shares overall.
• Netflix recently reported better-than-expected quarterly results, beating EPS and revenue estimates, but the stock was trading down 0.9% amid concerns including insider selling and technical weakness.

Ballentine Partners LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 902.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,281 shares of the Internet television network's stock after buying an additional 62,369 shares during the period. Ballentine Partners LLC's holdings in Netflix were worth $6,496,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Netflix by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 38,521,322 shares of the Internet television network's stock valued at $46,183,983,000 after buying an additional 142,238 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of Netflix by 875.7% during the 4th quarter. Checchi Capital Advisers LLC now owns 31,143 shares of the Internet television network's stock worth $2,920,000 after buying an additional 27,951 shares during the last quarter. Contravisory Investment Management Inc. grew its holdings in shares of Netflix by 837.2% in the 4th quarter. Contravisory Investment Management Inc. now owns 111,380 shares of the Internet television network's stock valued at $10,443,000 after acquiring an additional 99,496 shares in the last quarter. Crew Capital Management Ltd grew its holdings in shares of Netflix by 1,021.9% in the 4th quarter. Crew Capital Management Ltd now owns 9,031 shares of the Internet television network's stock valued at $847,000 after acquiring an additional 8,226 shares in the last quarter. Finally, BNC Wealth Management LLC increased its position in shares of Netflix by 991.3% in the fourth quarter. BNC Wealth Management LLC now owns 41,229 shares of the Internet television network's stock valued at $3,866,000 after acquiring an additional 37,451 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

More 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?

Netflix Trading Down 0.9%

NFLX stock opened at $87.45 on Friday. Netflix, Inc. has a 52 week low of $75.01 and a 52 week high of $134.12. The company has a market capitalization of $368.22 billion, a PE ratio of 28.25, a price-to-earnings-growth ratio of 1.12 and a beta of 1.55. The company's 50-day simple moving average is $95.44 and its 200 day simple moving average is $96.08. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) 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 the consensus estimate of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The business's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, sell-side analysts anticipate that Netflix, Inc. will post 3.6 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 27,312 shares of the business's stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $83.24, for a total value of $2,273,450.88. Following the completion of the transaction, the chief executive officer owned 122,140 shares of the company's stock, valued at $10,166,933.60. The trade was a 18.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Spencer Adam Neumann sold 57,260 shares of the stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $95.50, for a total transaction of $5,468,330.00. Following the sale, the chief financial officer owned 73,787 shares in the company, valued at $7,046,658.50. The trade was a 43.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,458,944 shares of company stock worth $138,141,007 over the last three months. Company insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on NFLX shares. Sanford C. Bernstein decreased their price target on Netflix from $115.00 to $110.00 and set an "outperform" rating for the company in a research note on Friday, April 17th. Rothschild & Co Redburn set a $120.00 price objective on Netflix in a research note on Wednesday, January 21st. Moffett Nathanson increased their price objective on Netflix from $115.00 to $120.00 and gave the company a "buy" rating in a report on Tuesday, April 14th. Barclays set a $110.00 target price on shares of Netflix and gave the company an "equal weight" rating in a research note on Friday, April 17th. Finally, Arete Research upgraded shares of Netflix from a "neutral" rating to a "buy" rating in a report on Friday, February 27th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat, Netflix has an average rating of "Moderate Buy" and a consensus price target of $114.82.

About Netflix

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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