Fortis Group Advisors LLC Grows Position in Netflix, Inc. $NFLX

Key Points

• Fortis Group Advisors LLC increased its Netflix stake by 1,126.6% in the fourth quarter, ending with 15,983 shares valued at about $1.5 million.
• Other institutions also boosted positions, and hedge funds and other institutional investors own 80.93% of Netflix shares, underscoring heavy institutional interest in the stock.
• Netflix reported strong quarterly results, with EPS of $1.23 beating estimates and revenue of $12.25 billion topping forecasts, while analysts maintain a Moderate Buy consensus and a target price of $114.82.

Fortis Group Advisors LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1,126.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,983 shares of the Internet television network's stock after buying an additional 14,680 shares during the quarter. Fortis Group Advisors LLC's holdings in Netflix were worth $1,499,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NFLX. First Financial Corp IN boosted its position in shares of Netflix by 900.0% during the 4th quarter. First Financial Corp IN now owns 270 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 243 shares during the last quarter. DiNuzzo Private Wealth Inc. boosted its position in shares of Netflix by 885.2% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 239 shares during the last quarter. Turning Point Benefit Group Inc. boosted its position in shares of Netflix by 13,400.0% during the 4th quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 268 shares during the last quarter. Imprint Wealth LLC acquired a new position in shares of Netflix during the 3rd quarter valued at about $25,000. Finally, MB Levis & Associates LLC boosted its position in shares of Netflix by 177.8% during the 4th quarter. MB Levis & Associates LLC now owns 300 shares of the Internet television network's stock valued at $28,000 after acquiring an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NFLX. Huber Research raised shares of Netflix from a "strong sell" rating to a "strong-buy" rating in a research report on Friday, February 27th. Robert W. Baird lowered their price target on shares of Netflix from $150.00 to $120.00 and set an "outperform" rating on the stock in a research report on Friday, January 23rd. Piper Sandler reissued an "overweight" rating and set a $115.00 price target (up from $103.00) on shares of Netflix in a research report on Friday, April 17th. Wolfe Research reissued an "outperform" rating and set a $107.00 price target on shares of Netflix in a research report on Friday, April 17th. Finally, Rosenblatt Securities lowered their price target on shares of Netflix from $96.00 to $95.00 and set a "neutral" rating on the stock in a research report on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and sixteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and a consensus target price of $114.82.

Insider Buying and Selling at Netflix

In other news, CEO Theodore A. Sarandos sold 27,312 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $87.97, for a total transaction of $2,402,636.64. Following the sale, the chief executive officer owned 284,804 shares of the company's stock, valued at approximately $25,054,207.88. This represents a 8.75% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Spencer Adam Neumann sold 9,253 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $88.95, for a total transaction of $823,054.35. Following the sale, the chief financial officer directly owned 73,787 shares in the company, valued at $6,563,353.65. This represents a 11.14% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,422,769 shares of company stock valued at $135,144,073. Corporate insiders own 1.24% of the company's stock.

Netflix Price Performance

Shares of NFLX opened at $88.09 on Thursday. Netflix, Inc. has a 1-year low of $75.01 and a 1-year high of $134.12. The stock has a market cap of $370.93 billion, a PE ratio of 28.45, a P/E/G ratio of 1.14 and a beta of 1.55. The firm has a 50-day simple moving average of $94.16 and a two-hundred day simple moving average of $94.34. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41.

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 analysts' consensus estimates of $0.76 by $0.47. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The business had revenue of $12.25 billion during the quarter, compared to analysts' expectations of $12.17 billion. During the same period last year, the business earned $6.61 earnings per share. The business's revenue for the quarter was up 16.2% on a year-over-year basis. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, analysts forecast that Netflix, Inc. will post 3.6 EPS for the current year.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Wall Street sentiment improved after Netflix’s upfront presentation, with analysts becoming more constructive on the company’s advertising outlook and monetization strategy. Netflix Sentiment Improves After Video Streamer's Upfront Presentation
• Positive Sentiment: Bank of America said Netflix’s ad-supported tier has surpassed 250 million monthly viewers globally, signaling strong growth in the ad business as live sports and international expansion deepen engagement. Netflix ad-supported tier tops 250M monthly viewers as sports push deepens
• Positive Sentiment: New research from Omdia projects CTV ad revenue will keep growing sharply, with Netflix, Amazon, and Google expected to capture a large share of the market by 2030. Omdia: Amazon, Netflix and Google to Capture Half of $81 Billion CTV Advertising Market by 2030
• Positive Sentiment: Articles highlighted Netflix’s NFL broadcasting push, suggesting the company could use live football games to attract new subscribers and strengthen its sports offering. Why Netflix and the NFL Could Be a Perfect Match
• Positive Sentiment: Coverage also framed Netflix as a potential long-term winner, with some commentary asking whether it could become a trillion-dollar company as it scales new revenue streams. Is Netflix the Next Trillion-Dollar Company?
• Neutral Sentiment: Several articles were speculative or opinion-based pieces on Netflix’s valuation and future stock price, which add to investor debate but do not change the fundamentals by themselves. Buy, Sell or Hold Netflix at $90?
• Negative Sentiment: One story about Mackenzie Shirilla’s father claiming Netflix’s documentary “The Crash” twisted his words could raise some reputational noise, though the direct financial impact on Netflix appears limited. Mackenzie Shirilla’s Dad Says Netflix’s ‘The Crash’ Twisted His Words About Marijuana

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.

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.