Fortem Financial Group LLC Boosts Holdings in Netflix, Inc. $NFLX

Key Points

• Fortem Financial Group LLC increased its Netflix stake by 1,014.4% in the fourth quarter, ending with 26,791 shares valued at about $2.5 million.
• Broader institutional interest in Netflix remained strong, with several large funds significantly adding shares and 80.93% of the stock now held by hedge funds and other institutions.
• Insider selling continued to weigh on sentiment, as CEO Gregory K. Peters and CFO Spencer Adam Neumann sold shares; however, analysts still generally view Netflix favorably with a Moderate Buy rating and an average price target of $114.82.

Fortem Financial Group LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1,014.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,791 shares of the Internet television network's stock after purchasing an additional 24,387 shares during the period. Fortem Financial Group LLC's holdings in Netflix were worth $2,512,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Netflix by 912.5% in the fourth quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network's stock worth $36,567,805,000 after buying an additional 351,493,659 shares in the last quarter. Baillie Gifford & Co. lifted its stake in shares of Netflix by 912.3% in the fourth quarter. Baillie Gifford & Co. now owns 36,940,035 shares of the Internet television network's stock worth $3,463,498,000 after buying an additional 33,290,988 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Netflix by 639.9% in the fourth quarter. Jennison Associates LLC now owns 34,871,951 shares of the Internet television network's stock worth $3,269,594,000 after buying an additional 30,158,900 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Netflix by 891.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,099,908 shares of the Internet television network's stock worth $1,134,487,000 after buying an additional 10,879,276 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Netflix by 850.7% in the fourth quarter. Principal Financial Group Inc. now owns 10,858,157 shares of the Internet television network's stock worth $1,018,062,000 after buying an additional 9,716,017 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 27,312 shares of the business's stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $83.24, for a total value of $2,273,450.88. Following the transaction, the chief executive officer directly owned 122,140 shares in the company, valued at $10,166,933.60. The trade was a 18.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 57,260 shares of the business's stock in a transaction dated 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 in the company, valued at $7,046,658.50. The trade was a 43.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,453,217 shares of company stock valued at $137,676,777. Company insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NFLX. HSBC raised their price target on shares of Netflix from $106.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, April 10th. Citizens Jmp reissued a "market perform" rating on shares of Netflix in a research note on Wednesday, April 15th. Weiss Ratings raised shares of Netflix from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, May 4th. Loop Capital set a $104.00 price target on shares of Netflix in a research note on Tuesday, January 27th. Finally, Canaccord Genuity Group set a $125.00 price target on shares of Netflix and gave the stock a "buy" rating in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $114.82.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Strong early reviews for Netflix’s new drama Remarkably Bright Creatures suggest a programming win that could help engagement and subscriber retention. Remarkably Bright Creatures Review
• Positive Sentiment: Recent analyst commentary remains constructive, with several firms maintaining or raising price targets and broader coverage still pointing to a “Moderate Buy” view. Netflix, Pulte, and Mobileye Are Buying Their Own Dips—Should You?
• Neutral Sentiment: Warner Bros. Discovery’s large quarterly loss included a $2.8 billion Netflix-related termination fee, but this is primarily an M&A accounting item for WBD rather than a direct operating signal for Netflix. WBD Logs $2.92B Loss
• Neutral Sentiment: Jim Cramer said Netflix is “not a buy, buy, buy,” reflecting caution around competition in streaming, but it was more of a valuation/positioning comment than a formal downgrade. Jim Cramer on Netflix
• Negative Sentiment: CEO Gregory K. Peters sold 27,312 shares and CFO Spencer Adam Neumann sold 9,253 shares on May 7, adding to recent insider selling and likely weighing on investor sentiment. Netflix Insider Selling
• Negative Sentiment: Technical and trading commentary points to continued weakness after the recent pullback, with the stock still below key moving averages and some investors questioning near-term upside. Is It Time To Reassess Netflix?

Netflix Stock Performance

NASDAQ:NFLX opened at $87.45 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $368.22 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 1.11 and a beta of 1.55. The company's 50-day moving average is $95.44 and its two-hundred day moving average is $95.75. Netflix, Inc. has a 1-year low of $75.01 and a 1-year high of $134.12.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its 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 for the quarter, compared to analyst estimates of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. Netflix's revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the business posted $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Analysts forecast that Netflix, Inc. will post 3.6 EPS for the current year.

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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