Confluence Wealth Services Inc. Raises Stock Holdings in Netflix, Inc. $NFLX

Key Points

• Confluence Wealth Services increased its Netflix stake by 775.1% in Q4, adding 17,416 shares to hold 19,663 shares valued at about $1.84 million.
• Netflix beat Q1 estimates (EPS $1.23 vs. $0.76; revenue $12.25B vs. $12.17B) and the board approved a $25 billion open-ended share buyback, a near-term catalyst for the stock.
• Large insider selling has occurred recently — CEO Gregory Peters sold 105,781 shares and Reed Hastings sold 420,550 shares — with insiders disposing of ~1.49M shares (~$136.3M) in the last 90 days while institutions own about 80.93% of the stock.

Confluence Wealth Services Inc. lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 775.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,663 shares of the Internet television network's stock after acquiring an additional 17,416 shares during the quarter. Confluence Wealth Services Inc.'s holdings in Netflix were worth $1,844,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NFLX. Brighton Jones LLC increased its position in shares of Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after acquiring an additional 257 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after acquiring an additional 144 shares during the last quarter. Sivia Capital Partners LLC increased its position in shares of Netflix by 21.2% during the second quarter. Sivia Capital Partners LLC now owns 1,406 shares of the Internet television network's stock valued at $1,883,000 after acquiring an additional 246 shares during the last quarter. Strategic Investment Advisors MI increased its position in shares of Netflix by 18.9% during the second quarter. Strategic Investment Advisors MI now owns 774 shares of the Internet television network's stock valued at $1,036,000 after acquiring an additional 123 shares during the last quarter. Finally, Schnieders Capital Management LLC. increased its position in shares of Netflix by 12.1% during the second quarter. Schnieders Capital Management LLC. now owns 2,115 shares of the Internet television network's stock valued at $2,832,000 after acquiring an additional 228 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wells Fargo & Company assumed coverage on Netflix in a research report on Monday, March 9th. They issued an "equal weight" rating and a $105.00 target price for the company. Jefferies Financial Group decreased their target price on Netflix from $134.00 to $128.00 and set a "buy" rating for the company in a research report on Friday, April 17th. Bank of America decreased their target price on Netflix from $149.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, March 6th. Robert W. Baird decreased their target price on Netflix from $150.00 to $120.00 and set an "outperform" rating for the company in a research report on Friday, January 23rd. Finally, Benchmark reissued a "hold" rating on shares of Netflix in a research report on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and fourteen have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.85.

Insider Buying and Selling

In other news, CEO Gregory K. Peters sold 105,781 shares of Netflix stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 122,140 shares in the company, valued at approximately $10,130,291.60. The trade was a 46.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Reed Hastings sold 420,550 shares of Netflix stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $95.49, for a total value of $40,158,319.50. Following the completion of the transaction, the director owned 3,940 shares of the company's stock, valued at approximately $376,230.60. This trade represents a 99.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,487,794 shares of company stock valued at $136,255,772 in the last ninety days. 1.37% of the stock is owned by company insiders.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $93.24 on Thursday. The stock has a market cap of $392.61 billion, a PE ratio of 30.12, a price-to-earnings-growth ratio of 1.20 and a beta of 1.67. Netflix, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $134.12. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.19 and a current ratio of 1.41. The stock has a fifty day moving average of $92.95 and a 200-day moving average of $97.90.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.47. The company had revenue of $12.25 billion during the quarter, compared to analysts' expectations of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The firm's quarterly 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 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Equities research analysts anticipate that Netflix, Inc. will post 3.53 earnings per share for the current year.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Board approved an additional $25 billion share-repurchase authorization (no expiration date), boosting capital returns and signaling management confidence in cash generation and valuation. This is the primary near-term positive catalyst for the stock. Netflix announces $25 billion share buyback
• Positive Sentiment: Product push: Netflix plans to launch a TikTok-style vertical video feed to capture “snackable” mobile viewing and increase engagement — a potential lever for retention, ad revenue and cross-selling to long-form content. Netflix Eyes TikTok-Style Feed To Capture 'Snackable' Viewing
• Positive Sentiment: Engagement and earnings beat: Q1 showed record engagement and an EPS/revenue beat, supporting pricing power, ad growth and longer‑term margin upside — factors analysts cite when reiterating constructive long-term views. Netflix's Engagement Momentum Builds: Is Growth Sustainable?
• Neutral Sentiment: Strategic real estate move: Netflix is in talks to buy Radford Studio Center (historic LA lot) to expand owned production capacity — could lower long-term content costs but requires capital and integration. Netflix In Negotiations To Buy Radford Studios
• Neutral Sentiment: Analyst and investor reaction is mixed: Several firms reiterated Buy/Market Perform ratings and called the post‑earnings pullback a buying opportunity, keeping a range of price targets and emphasizing long‑term growth. MarketScreener: JPMorgan keeps buy rating
• Negative Sentiment: Lingering concerns: recent guidance was softer than some expected and reporting around leadership change (Reed Hastings stepping back) contributed to a sharp post‑earnings selloff; those worries still create volatility risk despite the buyback. Netflix (NFLX) Stock Plunges 13%: Should Investors Buy the Dip?

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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