Bokf Na Buys 122,168 Shares of Netflix, Inc. $NFLX

Key Points

• Bokf Na boosted its Netflix stake by 715.1%, purchasing 122,168 shares in Q4 and now owns 139,253 shares valued at $13.056 million.
• Significant insider selling occurred recently — CEO Theodore Sarandos sold 27,312 shares to cover taxes and insiders sold 1,431,627 shares worth $135.65 million over the past three months, a development market commentary flags as potential supply pressure.
• Netflix beat quarterly estimates with $1.23 EPS vs. $0.76 expected and $12.25 billion revenue; Wall Street’s consensus is a "Moderate Buy" with an average price target of $114.82, while the stock opened at $87.89 (down 3.4%).

Bokf Na increased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 715.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 139,253 shares of the Internet television network's stock after purchasing an additional 122,168 shares during the quarter. Bokf Na's holdings in Netflix were worth $13,056,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Destiny Wealth Partners LLC raised its holdings in shares of Netflix by 990.3% in the 4th quarter. Destiny Wealth Partners LLC now owns 45,562 shares of the Internet television network's stock worth $3,905,000 after purchasing an additional 41,383 shares during the period. Providence First Trust Co raised its holdings in shares of Netflix by 516.7% in the 4th quarter. Providence First Trust Co now owns 2,880 shares of the Internet television network's stock worth $270,000 after purchasing an additional 2,413 shares during the period. AssuredPartners Investment Advisors LLC bought a new stake in shares of Netflix in the 4th quarter worth approximately $586,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Netflix by 912.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 590,582 shares of the Internet television network's stock worth $55,373,000 after purchasing an additional 532,277 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Netflix by 1,165.8% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 55,606 shares of the Internet television network's stock worth $5,211,000 after purchasing an additional 51,213 shares during the period. Institutional investors own 80.93% of the company's stock.

Insider Activity

In other news, CEO Theodore A. Sarandos sold 27,312 shares of the business's stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $87.97, for a total transaction of $2,402,636.64. Following the completion of the transaction, the chief executive officer directly owned 284,804 shares in the company, valued at $25,054,207.88. The trade was a 8.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David A. Hyman sold 5,727 shares of the business's stock in a transaction on Monday, February 9th. The shares were sold at an average price of $81.06, for a total transaction of $464,230.62. Following the transaction, the insider owned 316,100 shares of the company's stock, valued at $25,623,066. This trade represents a 1.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,431,627 shares of company stock worth $135,647,236. 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: Company and sector buyback talk — Netflix is listed among consumer-discretionary names adding buyback capacity, which could provide support to the share price over time. Netflix, Pulte, and Mobileye Are Buying Their Own Dips—Should You?
• Positive Sentiment: Partnership news with theaters (mentioned in coverage of AMC) is attracting investor interest and signals distribution/collaboration opportunities that may boost content reach. Why Is AMC Entertainment Stock Surging On Tuesday?
• Neutral Sentiment: Market commentary argues some post-earnings reactions are “unfair” and that longer-term fundamentals remain strong, which tempers short-term pessimism but may not stop volatility. Microsoft and 11 More Stocks That Were Unfairly Punished After Earnings
• Neutral Sentiment: Analysis pieces suggest Netflix may be technically positioned for another leg higher, but the commentary coexists with today’s weakness — signalling mixed near-term momentum. Streaming Stock Looks Positioned for Next Leg Higher
• Neutral Sentiment: Feature write-ups about Netflix’s strategic choices (what it learned from an almost-acquisition) provide useful context on capital allocation and strategy but are unlikely to move the stock immediately. What Did Netflix Learn From the Almost-Acquisition of a Major Rival?
• Negative Sentiment: Large insider selling — co-founder/director Reed Hastings sold 407,550 shares under a 10b5-1 plan (average price ~$93), a high-value transaction that can be read as supply pressure even though it was pre‑arranged. Reed Hastings Sells 407,550 Shares of Netflix Stock
• Negative Sentiment: Analyst/technical pressure — coverage notes price targets clustered below earlier highs and a key resistance near $100; that, combined with shorts/positioning, helps explain the intraday drop. Benzinga’s market note cites the $114 target but emphasizes resistance and the current decline. What's Going On With Netflix Stock Tuesday?

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NFLX shares. UBS Group set a $104.00 price objective on shares of Netflix in a research note on Tuesday, January 27th. KeyCorp reiterated an "overweight" rating and issued a $115.00 price objective (up from $108.00) on shares of Netflix in a research note on Tuesday, April 14th. Daiwa Securities Group lifted their price objective on shares of Netflix from $97.00 to $102.00 and gave the company an "outperform" rating in a research note on Thursday, April 23rd. Loop Capital set a $104.00 price objective on shares of Netflix in a research note on Tuesday, January 27th. Finally, Weiss Ratings upgraded shares of Netflix from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $114.82.

Netflix Stock Down 3.4%

NFLX opened at $87.89 on Wednesday. The company has a fifty day moving average price of $94.99 and a 200-day moving average price of $96.53. The firm has a market capitalization of $370.09 billion, a P/E ratio of 28.39, a price-to-earnings-growth ratio of 1.17 and a beta of 1.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41. Netflix, Inc. has a one year low of $75.01 and a one year high of $134.12.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 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 analyst estimates 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% on a year-over-year basis. 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 expect that Netflix, Inc. will post 3.56 earnings per share for the current fiscal 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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