Baxter Bros Inc. Has $13.40 Million Position in Netflix, Inc. $NFLX

Key Points

• Baxter Bros Inc. boosted its Netflix stake by 1,034.5% in Q4 to 142,938 shares worth about $13.40 million, making Netflix ~1.6% of the firm's portfolio and its 19th largest holding.
• Netflix beat Q1 estimates (EPS $1.23 vs. $0.76; revenue $12.25B) but issued soft Q2 guidance and revealed chairman Reed Hastings will leave the board, spurring an after‑hours selloff and investor caution.
• Significant insider selling has occurred recently: CEO Gregory Peters sold 105,781 shares and CFO Spencer Neumann sold 57,260 shares, with insiders offloading about 1.49M shares (~$136M) over the past 90 days.

Baxter Bros Inc. increased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1,034.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 142,938 shares of the Internet television network's stock after purchasing an additional 130,339 shares during the period. Netflix makes up about 1.6% of Baxter Bros Inc.'s portfolio, making the stock its 19th biggest holding. Baxter Bros Inc.'s holdings in Netflix were worth $13,402,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Level Financial Advisors raised its holdings in Netflix by 900.0% in the 4th quarter. Level Financial Advisors now owns 3,710 shares of the Internet television network's stock valued at $348,000 after acquiring an additional 3,339 shares in the last quarter. Prosperity Financial Group Inc. raised its holdings in Netflix by 550.4% in the 4th quarter. Prosperity Financial Group Inc. now owns 2,608 shares of the Internet television network's stock valued at $245,000 after acquiring an additional 2,207 shares in the last quarter. Pursuit Wealth Management LLC bought a new position in shares of Netflix in the 4th quarter valued at $603,000. Parcion Private Wealth LLC increased its stake in shares of Netflix by 862.8% in the 4th quarter. Parcion Private Wealth LLC now owns 18,110 shares of the Internet television network's stock valued at $1,698,000 after purchasing an additional 16,229 shares during the last quarter. Finally, Kelman Lazarov Inc. increased its stake in shares of Netflix by 860.7% in the 4th quarter. Kelman Lazarov Inc. now owns 11,163 shares of the Internet television network's stock valued at $1,047,000 after purchasing an additional 10,001 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Q1 results beat expectations — Netflix posted stronger-than-expected revenue (~$12.25B) and EPS (~$1.23), driven by membership/pricing and ad growth; these results reinforce improved profitability trends. Netflix (NFLX) Q1 Earnings and Revenues Surpass Estimates
• Positive Sentiment: One‑time windfall and pricing power boosted profits — Coverage highlights a roughly $2.8B breakup fee from Warner Bros and recent U.S. price hikes as major contributors to the profit beat and higher margins. That cash/earnings boost improves near‑term free cash flow. Netflix shatters profit expectations thanks to price increase and $2.8 billion breakup fee from Warner Bros.
• Positive Sentiment: Ad business and price hikes seen as durable tailwinds — Analysts and coverage note Netflix is monetizing better via ad growth and subscription price increases, potentially creating a multi‑billion dollar uplift over time. Why Netflix is in a win-win position as it continues to hike prices
• Neutral Sentiment: Broader market backdrop was constructive — The market rally heading into the report provided a favorable environment, but macro strength didn’t offset company‑specific reaction to guidance and leadership news. Market Upswell Continues, Full Week in the Green In-Sight
• Negative Sentiment: Soft near‑term guidance hurt sentiment — Netflix issued Q2 EPS guidance below consensus ( ~0.78 vs ~0.84 ) and a cautious near‑term outlook, prompting investors to sell despite the quarter’s beat. Investors Don't Like Netflix's Latest Outlook—Or the News that Reed Hastings Is Moving On
• Negative Sentiment: Chairman Reed Hastings to leave board — Hastings won’t stand for re‑election when his term ends in June; investors view the timing of the leadership change as an additional risk during a strategic pivot toward ads and content. Netflix co-founder and chair Reed Hastings to leave board
• Negative Sentiment: After‑hours selloff and de‑risking — Despite the beat, headlines about soft guidance and the board exit triggered an after‑hours decline as traders de‑risked into uncertain near‑term visibility. Coverage documents the selloff and market reaction. Netflix stock falls after company reports earnings, announces Reed Hastings will step down as chairman

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 105,781 shares of the business's stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $82.94, for a total value of $8,773,476.14. Following the transaction, the chief executive officer directly owned 122,140 shares of the company's stock, valued at $10,130,291.60. The trade was a 46.41% decrease in their position. The sale 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 business's stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $95.50, for a total value of $5,468,330.00. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares in the company, valued at $7,046,658.50. This represents a 43.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,487,794 shares of company stock valued at $136,255,772 over the last 90 days. 1.37% of the stock is owned by company insiders.

Netflix Stock Up 0.1%

Shares of NASDAQ:NFLX opened at $107.79 on Friday. The company has a market capitalization of $455.11 billion, a price-to-earnings ratio of 42.66, a P/E/G ratio of 1.58 and a beta of 1.67. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.19 and a quick ratio of 1.19. The business's 50-day moving average is $91.90 and its 200-day moving average is $98.56. Netflix, Inc. has a 1 year low of $75.01 and a 1 year high of $134.12.

Netflix (NASDAQ:NFLX - Get Free Report) last announced 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 company had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.17 billion. Netflix had a return on equity of 43.26% and a net margin of 24.30%.The firm's revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the business earned $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several recent analyst reports. HSBC lifted their price target on Netflix from $106.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, April 10th. Piper Sandler reiterated a "positive" rating and issued a $103.00 price target (down from $140.00) on shares of Netflix in a research note on Wednesday, January 21st. Huber Research upgraded Netflix from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, February 27th. Deutsche Bank Aktiengesellschaft lifted their price target on Netflix from $98.00 to $100.00 and gave the company a "hold" rating in a research note on Tuesday. Finally, TD Cowen decreased their price target on Netflix from $115.00 to $112.00 and set a "buy" rating on the stock in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and thirteen have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.80.

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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