Cohen Klingenstein LLC Has $4.69 Million Position in Netflix, Inc. $NFLX

Key Points

• Cohen Klingenstein LLC increased its Netflix stake by 900% in Q4 to 50,000 shares valued at about $4.69 million, amid broad institutional buying that leaves roughly 80.9% of the stock held by institutions.
• Insiders have sold heavily recently: chair Reed Hastings sold ~420,550 shares (~$40M) under a 10b5‑1 plan and CEO Greg Peters sold 105,781 shares, with insiders offloading 1,543,023 shares worth about $141.1M over the past three months.
• Near‑term catalysts and risks are mixed: subscription price increases should lift ARPU and revenue, but an Italian court ordered refunds by voiding past price‑hike clauses and deal/speculation concerns could raise execution and capital‑structure risks.

Cohen Klingenstein LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 900.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,000 shares of the Internet television network's stock after buying an additional 45,000 shares during the quarter. Cohen Klingenstein LLC's holdings in Netflix were worth $4,688,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Netflix by 0.4% during the third quarter. Vanguard Group Inc. now owns 38,521,322 shares of the Internet television network's stock valued at $46,183,983,000 after acquiring an additional 142,238 shares during the period. 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 worth $10,443,000 after purchasing an additional 99,496 shares during the last quarter. Crew Capital Management Ltd increased its position in shares of Netflix by 1,021.9% during the 4th quarter. Crew Capital Management Ltd now owns 9,031 shares of the Internet television network's stock worth $847,000 after purchasing an additional 8,226 shares in the last quarter. Grove Bank & Trust boosted its position in Netflix by 1,379.8% in the fourth quarter. Grove Bank & Trust now owns 25,512 shares of the Internet television network's stock valued at $2,392,000 after buying an additional 23,788 shares in the last quarter. Finally, CIBC Capital Markets Europe S.A. boosted its position in Netflix by 171.4% in the third quarter. CIBC Capital Markets Europe S.A. now owns 66,503 shares of the Internet television network's stock valued at $79,732,000 after buying an additional 42,000 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Recent subscription price increases are expected to lift ARPU and near‑term revenue, and most analysts/media expect limited churn — this supports earnings upside. Netflix Is Raising Prices Again: What It Means for Investors
• Positive Sentiment: Large institutional buying and some price‑target lifts (one firm raised NFLX to $134) provide demand/support beneath the share price, signaling confidence from major investors and some analysts. Netflix NASDAQ: NFLX Price Target Raised to $134.00
• Neutral Sentiment: Options and near‑term earnings positioning: traders are pricing a meaningful move into Q1 results (options strategies like iron condors are being discussed) — raises short‑term volatility but not directional conviction for the stock itself. Trade Netflix Stock with This Iron Condor Strategy to See a 23% Return in Just 3 Weeks
• Neutral Sentiment: New commercial distribution deals (e.g., EverPass for a major boxing event) slightly expand non‑subscription revenue channels but are modest relative to core business. EverPass Media Expands Relationship with Netflix
• Negative Sentiment: Italian court ruled Netflix’s 2017–2024 price‑hike clauses void and ordered refunds to subscribers — this creates potential one‑time liability, reputational risk in Europe and could spur similar claims elsewhere. Netflix will appeal. Italian court rules Netflix price‑hike clauses are void, orders refunds
• Negative Sentiment: Board chair Reed Hastings sold ~420,550 shares under a pre‑arranged 10b5‑1 plan (≈$40M) — large insider sales can spook some investors even if pre‑planned, since they reduce insider exposure. Reed Hastings Sells 420,550 Shares of Netflix NASDAQ: NFLX Stock
• Negative Sentiment: Deal speculation (a reported US$42.2B Warner‑style acquisition) and commentary about derating/ acquisition concerns pressure views on capital discipline and potential leverage — raises risk premium if pursued. Netflix’s US$42.2b Warner Bros. Deal Tests Growth And Discipline

Insiders Place Their Bets

In related news, Director Reed Hastings sold 420,550 shares of Netflix stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $95.49, for a total transaction of $40,158,319.50. Following the completion of the sale, the director directly owned 3,940 shares of the company's stock, valued at $376,230.60. The trade was a 99.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory K. Peters sold 105,781 shares of the company's stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $82.94, for a total value of $8,773,476.14. Following the completion of the sale, the chief executive officer owned 122,140 shares of the company's stock, valued at $10,130,291.60. This represents a 46.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,543,023 shares of company stock worth $141,145,842 over the last three months. Insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Jefferies Financial Group reaffirmed a "buy" rating on shares of Netflix in a report on Friday, March 27th. Loop Capital set a $104.00 price target on Netflix in a research report on Tuesday, January 27th. Barclays initiated coverage on Netflix in a report on Monday, March 2nd. They set an "equal weight" rating and a $115.00 price target for the company. Erste Group Bank upgraded Netflix from a "hold" rating to a "buy" rating in a research report on Tuesday, March 24th. Finally, Pivotal Research reduced their price objective on Netflix from $105.00 to $95.00 and set a "hold" rating on the stock in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and thirteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Netflix currently has an average rating of "Moderate Buy" and a consensus price target of $114.57.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $98.66 on Friday. 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 stock has a market cap of $416.56 billion, a price-to-earnings ratio of 39.04, a P/E/G ratio of 1.50 and a beta of 1.67. The company has a 50 day moving average of $88.28 and a 200-day moving average of $99.86. 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 announced its quarterly earnings data on Tuesday, January 20th. The Internet television network reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. Netflix had a net margin of 24.30% and a return on equity of 43.26%. The business had revenue of $12.05 billion for the quarter, compared to analyst estimates of $11.97 billion. During the same period in the prior year, the business posted $0.43 earnings per share. Netflix'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. On average, sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

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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