Bridgewater Advisors Inc. Boosts Stock Position in Netflix, Inc. $NFLX

Key Points

• Bridgewater Advisors increased its Netflix stake by 795.8% in Q4 to 65,743 shares, worth about $5.61 million.
• Netflix reported a slight earnings beat (EPS $0.56 vs. $0.55) and revenue of $12.05B (+17.6% YoY), and Wall Street's consensus is a Moderate Buy with a ~$115.80 target amid bullish views on ad-tier growth.
• Meanwhile, insiders have been net sellers—CFO Spencer Neumann sold 57,260 shares and insiders sold 1,543,023 shares (~$141.1M) over the past three months, with insiders owning about 1.37% of the stock.

Bridgewater Advisors Inc. increased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 795.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,743 shares of the Internet television network's stock after buying an additional 58,404 shares during the period. Bridgewater Advisors Inc.'s holdings in Netflix were worth $5,612,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. First Financial Corp IN lifted its holdings in shares of Netflix by 900.0% during the 4th quarter. First Financial Corp IN now owns 270 shares of the Internet television network's stock worth $25,000 after acquiring an additional 243 shares during the period. DiNuzzo Private Wealth Inc. raised its stake in Netflix by 885.2% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network's stock worth $25,000 after purchasing an additional 239 shares during the period. Imprint Wealth LLC acquired a new position in shares of Netflix in the 3rd quarter valued at $25,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Netflix during the 3rd quarter valued at $28,000. Finally, MB Levis & Associates LLC increased its holdings in shares of Netflix by 177.8% during the 4th quarter. MB Levis & Associates LLC now owns 300 shares of the Internet television network's stock worth $28,000 after buying an additional 192 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Performance

NFLX stock opened at $106.17 on Wednesday. The firm has a market cap of $448.27 billion, a P/E ratio of 42.01, a P/E/G ratio of 1.56 and a beta of 1.67. The stock's 50 day simple moving average is $90.81 and its 200 day simple moving average is $98.74. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.51. Netflix, Inc. has a 12-month low of $75.01 and a 12-month high of $134.12.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its 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 net margin of 24.30% and a return on equity of 43.26%. The company had revenue of $12.05 billion for the quarter, compared to analysts' expectations of $11.97 billion. During the same period in the prior year, the company earned $0.43 earnings per share. The firm'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 research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other news, CFO Spencer Adam Neumann sold 57,260 shares of the business's stock in a transaction on Friday, February 27th. The shares were sold at an average price of $95.50, for a total transaction of $5,468,330.00. Following the completion of the transaction, the chief financial officer owned 73,787 shares of the company's stock, valued at approximately $7,046,658.50. The trade was a 43.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Bradford L. Smith sold 31,790 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $88.86, for a total transaction of $2,824,859.40. Following the completion of the sale, the director directly owned 79,690 shares in the company, valued at approximately $7,081,253.40. This trade represents a 28.52% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,543,023 shares of company stock valued at $141,145,842. 1.37% of the stock is owned by insiders.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Multiple Wall Street price-target boosts and buy ratings — Wedbush, Moffett Nathanson and Guggenheim increased targets (Wedbush to $118, Moffett to $120, Guggenheim $130), signaling expectations for stronger ad monetization and operating leverage ahead of earnings. Netflix Stock Gains Momentum as Wedbush Lifts Target to $118 Ahead of Q1 Results
• Positive Sentiment: KeyBanc says Netflix’s ad-supported tier is scaling faster than expected and raised its forecast — this supports the story that ad revenue could materially outpace guidance. KeyBanc: Netflix’s Advertising Tier Is Scaling Faster Than Anticipated
• Positive Sentiment: Heavy bullish options activity — an unusually large number of call options traded, indicating short‑term speculative or hedged bullish positioning ahead of earnings (could amplify moves around the print).
• Positive Sentiment: Consensus Q1 previews expect solid results (an analyst street view calls for ~15% revenue growth, EPS beat potential and ad revenue >$3B) — investors are positioning for a beat-and-raise quarter. Netflix (NFLX) Stock: Q1 2026 Earnings Preview and What Analysts Are Saying
• Positive Sentiment: Positive media/analyst narratives and investor commentary (Jim Cramer, Seeking Alpha, Zacks) are reinforcing bullish sentiment ahead of the print, which can drive momentum into the report. Jim Cramer Calls Netflix a “Juggernaut”
• Neutral Sentiment: Analytical pieces highlighting Netflix’s “moat” and international growth runway reinforce longer‑term thesis but are unlikely to move the stock absent fresh data. What Gives Netflix (NFLX) a Valuable Moat?
• Neutral Sentiment: Ted Sarandos’ outreach to cinema owners and other corporate/industry moves are strategic but represent medium-term optionality rather than immediate earnings drivers. Netflix Leader Makes Rare Overture to Cinema Owners
• Negative Sentiment: Not all signals are unequivocally bullish — at least one major shop (Deutsche Bank) retains a hold rating with a $100 target (below recent levels), highlighting some analyst caution and potential downside if Netflix misses guidance. Deutsche Bank Adjusts Netflix Price Target to $100 From $98
• Negative Sentiment: Elevated implied volatility around earnings (analysts note a >6% expected move) and recent insider/insider-related headlines could amplify downside on a disappointment or create whipsaw trading. Netflix (NFLX) Stock: Q1 2026 Earnings Preview and What Analysts Are Saying

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NFLX shares. William Blair reiterated an "outperform" rating on shares of Netflix in a report on Wednesday, January 21st. Guggenheim reissued a "buy" rating and set a $130.00 target price on shares of Netflix in a research report on Tuesday. Erste Group Bank raised shares of Netflix from a "hold" rating to a "buy" rating in a research report on Tuesday, March 24th. Wedbush increased their price objective on shares of Netflix from $115.00 to $118.00 and gave the stock an "outperform" rating in a research report on Friday, April 10th. Finally, JPMorgan Chase & Co. began coverage on shares of Netflix in a report on Monday, March 2nd. They set an "overweight" rating and a $120.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, Netflix 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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