Gateway Investment Advisers LLC Buys 784,561 Shares of Netflix, Inc. $NFLX

Key Points

• Gateway Investment Advisers increased its stake in Netflix by 900% in Q4, buying 784,561 shares and now holds 871,731 shares worth about $81.7 million, making NFLX its 23rd largest holding.
• Netflix beat expectations in the latest quarter with EPS of $1.23 vs. $0.76 est. and revenue of $12.25B (+16.2% YoY), while guiding Q2 EPS of $0.78 and analysts forecast roughly 3.56 EPS for the year.
• Insiders have been net sellers—about 1.43M shares (~$135.6M) sold in the last 90 days including large planned sales—while analysts remain mixed (consensus "Moderate Buy" target ~$114.82), creating mixed near‑term sentiment.

Gateway Investment Advisers LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 900.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 871,731 shares of the Internet television network's stock after purchasing an additional 784,561 shares during the quarter. Netflix accounts for 0.8% of Gateway Investment Advisers LLC's holdings, making the stock its 23rd biggest holding. Gateway Investment Advisers LLC's holdings in Netflix were worth $81,733,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. K.J. Harrison & Partners Inc increased its position in shares of Netflix by 763.1% during the 4th quarter. K.J. Harrison & Partners Inc now owns 22,070 shares of the Internet television network's stock valued at $2,069,000 after purchasing an additional 19,513 shares during the last quarter. Encompass More Asset Management increased its position in shares of Netflix by 978.5% during the 4th quarter. Encompass More Asset Management now owns 3,462 shares of the Internet television network's stock valued at $325,000 after purchasing an additional 3,141 shares during the last quarter. Ponta Wealth Partners LLC bought a new position in shares of Netflix during the 4th quarter valued at approximately $713,000. Alecta Tjanstepension Omsesidigt raised its position in Netflix by 900.0% in the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 4,260,000 shares of the Internet television network's stock worth $399,375,000 after purchasing an additional 3,834,000 shares during the period. Finally, Fire Capital Management LLC raised its position in Netflix by 1,486.2% in the 4th quarter. Fire Capital Management LLC now owns 10,770 shares of the Internet television network's stock worth $1,010,000 after purchasing an additional 10,091 shares during the period. Institutional investors own 80.93% of the company's stock.

Netflix Price Performance

NFLX opened at $88.27 on Thursday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $371.69 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 1.13 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 business's fifty day simple moving average is $95.24 and its 200-day simple moving average is $96.30.

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 for the quarter, topping analysts' consensus estimates of $0.76 by $0.47. The firm 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% on a year-over-year basis. During the same period in the prior year, the business posted $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, equities research analysts anticipate that Netflix, Inc. will post 3.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Bank of America reduced their price objective on shares of Netflix from $149.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, March 6th. Morgan Stanley reissued an "overweight" rating on shares of Netflix in a research report on Friday, April 17th. Pivotal Research set a $96.00 price objective on shares of Netflix and gave the stock a "hold" rating in a research report on Friday, April 17th. Argus reduced their price objective on shares of Netflix from $141.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, January 22nd. Finally, BMO Capital Markets cut their price objective on Netflix from $143.00 to $135.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and fifteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $114.82.

Insider Activity

In related news, CFO Spencer Adam Neumann sold 28,630 shares of the company's stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $98.00, for a total transaction of $2,805,740.00. Following the completion of the sale, the chief financial officer directly owned 73,787 shares in the company, valued at $7,231,126. This represents a 27.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider David A. Hyman sold 5,722 shares of the company's stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $88.08, for a total value of $503,993.76. Following the sale, the insider owned 316,100 shares of the company's stock, valued at $27,842,088. This trade represents a 1.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 1,431,627 shares of company stock worth $135,647,236 over the last ninety days. 1.37% of the stock is currently owned by corporate insiders.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix received a roughly $2.8 billion termination payment tied to the Warner/Paramount deal — a sizable one‑time cash inflow that improves near‑term cash and likely produces a reported gain (a clear positive catalyst). Warner Bros. Discovery Logs $2.92 Billion Loss Tied to Netflix Termination Fee
• Positive Sentiment: Market coverage highlights Netflix among consumer‑discretionary names linked to buyback talk — buyback capacity or repurchases would support the stock if management pursues them. Netflix, Pulte, and Mobileye Are Buying Their Own Dips—Should You?
• Neutral Sentiment: Analyst/strategy pieces note Netflix’s first half may be soft but argue the bull case centers on a stronger second half — useful context but not an immediate price mover. Netflix’s First Half Is Soft. The Second Half Is Where the Bull Case Lives
• Neutral Sentiment: Broader sector moves: Disney’s strong quarter is drawing investor attention away from peers; relative outperformance at DIS is a sector signal to monitor but doesn’t directly change Netflix fundamentals. Disney Stock Is Up 8% Today
• Negative Sentiment: Significant insider selling: director Reed Hastings sold ~407,550 shares (10b5‑1 plan) and CEO/other insiders also disclosed sales — large planned sales increase supply and can pressure sentiment even if pre‑arranged or tax‑related. Top Netflix Insiders Cash Out
• Negative Sentiment: Technical/analyst pressure: notes of key resistance around $100, lower near‑term price targets and trader commentary (including a technical call that NFLX could retest $75) are contributing to selling momentum. What's Going On With Netflix Stock Tuesday?

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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