Comerica Bank Acquires 691,265 Shares of Netflix, Inc. $NFLX

Comerica Bank increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 820.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 775,494 shares of the Internet television network's stock after purchasing an additional 691,265 shares during the period. Comerica Bank's holdings in Netflix were worth $72,710,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Eagle Wealth Advisors LLC bought a new position in Netflix during the fourth quarter worth about $1,340,000. Ashton Thomas Private Wealth LLC grew its holdings in Netflix by 905.1% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 81,701 shares of the Internet television network's stock worth $7,660,000 after purchasing an additional 73,572 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its holdings in Netflix by 914.6% during the fourth quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 7,417 shares of the Internet television network's stock worth $695,000 after purchasing an additional 6,686 shares during the period. First National Bank of Hutchinson grew its holdings in Netflix by 397.9% during the fourth quarter. First National Bank of Hutchinson now owns 5,586 shares of the Internet television network's stock worth $524,000 after purchasing an additional 4,464 shares during the period. Finally, Index Fund Advisors Inc. grew its holdings in Netflix by 888.8% during the fourth quarter. Index Fund Advisors Inc. now owns 7,950 shares of the Internet television network's stock worth $745,000 after purchasing an additional 7,146 shares during the period. Institutional investors own 80.93% of the company's stock.

Netflix Trading Down 0.1%

Shares of NFLX stock opened at $92.37 on Monday. The firm has a 50 day moving average price of $93.60 and a two-hundred day moving average price of $97.57. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $388.94 billion, a PE ratio of 29.83, a price-to-earnings-growth ratio of 1.20 and a beta of 1.67. 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 quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the business posted $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, analysts predict that Netflix, Inc. will post 3.53 earnings per share for the current year.

Insider Buying and Selling

In other news, insider David A. Hyman sold 5,727 shares of Netflix stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $81.06, for a total value of $464,230.62. Following the completion of the sale, the insider directly owned 316,100 shares in the company, valued at approximately $25,623,066. The trade was a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Reed Hastings sold 420,550 shares of Netflix stock in a transaction that occurred on Wednesday, April 1st. The shares were 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 owned 3,940 shares of the company's stock, valued at approximately $376,230.60. The trade was a 99.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,487,794 shares of company stock valued at $136,255,772 in the last quarter. Corporate insiders own 1.37% of the company's stock.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Board approved a $25 billion additional share repurchase authorization (no expiration), boosting capital returns and supporting the share price rally. Netflix announces $25 billion share buyback (Reuters)
• Positive Sentiment: Market reaction: the buyback and messaging drove pre-market gains and helped stem the post-earnings selloff. Netflix authorizes fresh $25B buyback (MSN)
• Positive Sentiment: Wall Street support: JPMorgan reaffirmed a Buy on NFLX, and Daiwa raised its price target, both reinforcing investor confidence after the drop. JPMorgan reaffirms Buy (AmericanBankingNews) Daiwa raises price target to $102 (MarketScreener)
• Positive Sentiment: Notable institutional interest — Cathie Wood continued buying shares, signaling conviction from some active growth managers. Cathie Wood keeps buying (Barchart)
• Neutral Sentiment: Industry M&A backdrop: Warner Bros. shareholders approved a large Paramount Skydance acquisition — consolidation could reshape content economics and competitive dynamics, with mixed implications for Netflix (it was the losing bidder). Warner Bros shareholders approve deal (Yahoo Finance)
• Neutral Sentiment: Strategic moves: reports Netflix is in talks to buy Los Angeles studio space — this would be a content-production play that supports long-term content pipeline but is not an immediate earnings driver. Netflix in talks to buy LA studio space (Yahoo Market Chatter)
• Neutral Sentiment: Governance item: Netflix’s board recommended “No” on two shareholder proposals tied to ideological content concerns — likely low short-term financial impact but could matter to activist investors. Board recommends No on proposals (Forbes)
• Negative Sentiment: Guidance and churn risk: management’s weak Q2 guidance after a Q1 beat signaled rising subscriber churn, which sparked the initial selloff and remains the primary near-term headwind for the stock. Buyback-and-chill strategy but guidance weak (The Daily Upside)
• Negative Sentiment: Analyst and market reaction: several pieces discuss the post-earnings selloff and questions about subscriber momentum and valuation — signaling continued volatility until membership trends stabilize. What is next after Q1 guidance selloff (Seeking Alpha)

Analyst Ratings Changes

NFLX has been the subject of a number of research analyst reports. Phillip Securities lifted their price target on Netflix from $100.00 to $110.00 in a report on Monday, April 20th. BMO Capital Markets reduced their price target on Netflix from $143.00 to $135.00 and set an "outperform" rating for the company in a report on Wednesday, January 21st. Arete Research upgraded Netflix from a "neutral" rating to a "buy" rating in a report on Friday, February 27th. Freedom Capital upgraded Netflix from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 27th. Finally, Wolfe Research restated an "outperform" rating and set a $107.00 price objective on shares of Netflix in a research report on Friday, April 17th. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $114.53.

Netflix 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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