Essex Bank Acquires 14,982 Shares of Netflix, Inc. $NFLX

Key Points

• Essex Bank boosted its Netflix stake by 887.6% in Q4, adding 14,982 shares to hold 16,670 shares valued at about $1.56 million at quarter end.
• Netflix beat Q1 estimates (EPS $1.23 vs. $0.76; revenue $12.25B), set Q2 guidance of $0.78 EPS, and announced a $25 billion buyback while launching a TikTok‑style "Clips" feed; analysts are mixed but the consensus rating is a Moderate Buy with a $114.82 price target and the stock was down 1.7%.

Essex Bank increased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 887.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 16,670 shares of the Internet television network's stock after buying an additional 14,982 shares during the quarter. Essex Bank's holdings in Netflix were worth $1,563,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Financial Corp IN boosted its holdings in shares of Netflix by 900.0% in the 4th quarter. First Financial Corp IN now owns 270 shares of the Internet television network's stock worth $25,000 after buying an additional 243 shares during the last quarter. DiNuzzo Private Wealth Inc. raised its holdings in shares of Netflix by 885.2% in the 4th 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. Turning Point Benefit Group Inc. raised its holdings in shares of Netflix by 13,400.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network's stock worth $25,000 after purchasing an additional 268 shares during the period. Imprint Wealth LLC bought a new stake in shares of Netflix in the 3rd quarter worth approximately $25,000. Finally, MB Levis & Associates LLC raised its holdings in shares of Netflix by 177.8% in the 4th quarter. MB Levis & Associates LLC now owns 300 shares of the Internet television network's stock worth $28,000 after purchasing an additional 192 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Board authorized a large $25 billion share‑repurchase capacity, boosting optionality to reduce float and support the stock. Netflix, Inc. (NFLX) Expands Buyback Capacity with New $25B Authorization
• Positive Sentiment: Netflix is pushing mobile engagement with a TikTok‑style vertical "Clips" feed to increase viewing frequency and discovery on phones — a strategic product move to broaden usage. Netflix wants you to watch ‘Clips,' its TikTok-like vertical video feed
• Positive Sentiment: TV/market commentators and some TV‑trade segments are still listing NFLX among buy/long ideas, keeping some investor interest intact. Netflix, Cisco, Zoom And A Health Care Stock On CNBC's 'Final Trades'
• Neutral Sentiment: Analysts modestly raised forward EPS estimates (Erste Group nudged FY2026/FY2027 numbers slightly), but ratings remain mixed — small upside to estimates rather than a broad upgrade. Erste Group raises Netflix EPS estimates (MarketBeat summary)
• Neutral Sentiment: Investor attention metrics and media writeups (Zacks) show heightened interest — more eyeballs can amplify moves but don't guarantee direction. Netflix, Inc. (NFLX) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Market reaction remains focused on the company's conservative near‑term guidance (Q2 EPS guidance lower than some expected), which prompted profit‑taking despite the Q1 EPS beat. That guidance is a principal reason for downward pressure. Why Is Netflix Stock Falling, and is it a Generational Buying Opportunity?
• Negative Sentiment: Shareholder activism and governance scrutiny have returned to the headlines, adding uncertainty around strategic choices and valuation — a potential headwind for sentiment until resolved. Netflix Shareholder Activism Puts Governance And Valuation In Focus

Netflix Stock Down 1.7%

NFLX opened at $92.06 on Friday. The company has a 50 day moving average of $94.81 and a 200 day moving average of $96.77. The company has a market cap of $387.65 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 1.20 and a beta of 1.55. Netflix, Inc. has a 12 month low of $75.01 and a 12 month high of $134.12. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, topping the consensus estimate of $0.76 by $0.47. The company 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%. Netflix's revenue for the quarter was up 16.2% on a year-over-year basis. During the same period last year, the firm earned $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, sell-side analysts expect that Netflix, Inc. will post 3.56 EPS for the current year.

Analysts Set New Price Targets

NFLX has been the topic of a number of research reports. Oppenheimer set a $120.00 price target on shares of Netflix and gave the stock an "outperform" rating in a report on Friday, April 17th. Sanford C. Bernstein lowered their price target on shares of Netflix from $115.00 to $110.00 and set an "outperform" rating on the stock in a report on Friday, April 17th. Rosenblatt Securities decreased their price objective on Netflix from $96.00 to $95.00 and set a "neutral" rating for the company in a report on Friday, April 17th. Argus decreased their price objective on Netflix from $141.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, January 22nd. Finally, TD Cowen decreased their price objective on Netflix from $115.00 to $112.00 and set a "buy" rating for the company in a report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.82.

Insider Buying and Selling at Netflix

In related news, insider David A. Hyman sold 5,727 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $81.06, for a total transaction of $464,230.62. Following the sale, the insider owned 316,100 shares of the company's stock, valued at approximately $25,623,066. This represents a 1.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Cletus R. Willems sold 3,136 shares of the company's stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $82.67, for a total transaction of $259,253.12. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,382,013 shares of company stock worth $127,482,296 in the last three months. 1.37% of the stock is currently owned by corporate insiders.

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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