Golden State Equity Partners Purchases 40,447 Shares of Netflix, Inc. $NFLX

Key Points

• Golden State Equity Partners boosted its Netflix stake by 908.3% in Q4, buying an additional 40,447 shares to hold 44,900 shares worth about $4.21 million (≈0.7% of its portfolio, its 23rd largest position).
• Insider selling has been heavy recently: CFO Spencer Neumann sold 57,260 shares (~$5.47M) and Reed Hastings sold 420,550 shares (~$40.16M, under a 10b5‑1 plan), with insiders disposing of 1,487,794 shares (~$136.26M) over the past 90 days while institutional ownership stands at ~80.9%.
• Netflix beat Q1 estimates but gave weak Q2 guidance and flagged churn risk, even as the board approved a $25 billion open-ended share buyback that helped lift the stock and analysts generally maintain a "Moderate Buy" consensus (avg. target ~$114.53).

Golden State Equity Partners increased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 908.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,900 shares of the Internet television network's stock after purchasing an additional 40,447 shares during the quarter. Netflix accounts for approximately 0.7% of Golden State Equity Partners' investment portfolio, making the stock its 23rd largest position. Golden State Equity Partners' holdings in Netflix were worth $4,210,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NFLX. Imprint Wealth LLC acquired a new position in Netflix during the third quarter worth about $25,000. First Financial Corp IN raised its stake in Netflix by 900.0% during the fourth quarter. First Financial Corp IN now owns 270 shares of the Internet television network's stock worth $25,000 after acquiring an additional 243 shares in the last quarter. DiNuzzo Private Wealth Inc. raised its stake in Netflix by 885.2% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network's stock worth $25,000 after acquiring an additional 239 shares in the last quarter. MB Levis & Associates LLC raised its stake in Netflix by 177.8% during the fourth quarter. MB Levis & Associates LLC now owns 300 shares of the Internet television network's stock worth $28,000 after acquiring an additional 192 shares in the last quarter. Finally, Brown Shipley& Co Ltd raised its stake in Netflix by 867.7% during the fourth quarter. Brown Shipley& Co Ltd now owns 300 shares of the Internet television network's stock worth $28,000 after acquiring an additional 269 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Board approved a $25 billion additional share repurchase authorization (no expiration), boosting capital returns and supporting the share price rally. Netflix announces $25 billion share buyback (Reuters)
• Positive Sentiment: Market reaction: the buyback and messaging drove pre-market gains and helped stem the post-earnings selloff. Netflix authorizes fresh $25B buyback (MSN)
• Positive Sentiment: Wall Street support: JPMorgan reaffirmed a Buy on NFLX, and Daiwa raised its price target, both reinforcing investor confidence after the drop. JPMorgan reaffirms Buy (AmericanBankingNews) Daiwa raises price target to $102 (MarketScreener)
• Positive Sentiment: Notable institutional interest — Cathie Wood continued buying shares, signaling conviction from some active growth managers. Cathie Wood keeps buying (Barchart)
• Neutral Sentiment: Industry M&A backdrop: Warner Bros. shareholders approved a large Paramount Skydance acquisition — consolidation could reshape content economics and competitive dynamics, with mixed implications for Netflix (it was the losing bidder). Warner Bros shareholders approve deal (Yahoo Finance)
• Neutral Sentiment: Strategic moves: reports Netflix is in talks to buy Los Angeles studio space — this would be a content-production play that supports long-term content pipeline but is not an immediate earnings driver. Netflix in talks to buy LA studio space (Yahoo Market Chatter)
• Neutral Sentiment: Governance item: Netflix’s board recommended “No” on two shareholder proposals tied to ideological content concerns — likely low short-term financial impact but could matter to activist investors. Board recommends No on proposals (Forbes)
• Negative Sentiment: Guidance and churn risk: management’s weak Q2 guidance after a Q1 beat signaled rising subscriber churn, which sparked the initial selloff and remains the primary near-term headwind for the stock. Buyback-and-chill strategy but guidance weak (The Daily Upside)
• Negative Sentiment: Analyst and market reaction: several pieces discuss the post-earnings selloff and questions about subscriber momentum and valuation — signaling continued volatility until membership trends stabilize. What is next after Q1 guidance selloff (Seeking Alpha)

Insider Transactions at Netflix

In other news, CFO Spencer Adam Neumann sold 57,260 shares of the company's stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $95.50, for a total value of $5,468,330.00. Following the completion of the transaction, the chief financial officer owned 73,787 shares of the company's stock, valued at $7,046,658.50. This represents a 43.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Reed Hastings sold 420,550 shares of the company's stock in a transaction that occurred 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 directly owned 3,940 shares of the company's stock, valued at $376,230.60. This represents a 99.07% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,487,794 shares of company stock worth $136,255,772. 1.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. Bank of America lowered their target price on Netflix from $149.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, March 6th. Oppenheimer set a $120.00 target price on Netflix and gave the stock an "outperform" rating in a research note on Friday, April 17th. Susquehanna raised Netflix to a "positive" rating and set a $112.00 target price for the company in a research note on Wednesday, January 21st. Rosenblatt Securities lowered their target price on Netflix from $96.00 to $95.00 and set a "neutral" rating for the company in a research note on Friday, April 17th. Finally, The Goldman Sachs Group raised Netflix from a "neutral" rating to a "buy" rating in a research note on Monday, April 13th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $114.53.

Netflix Stock Performance

Netflix stock opened at $92.37 on Friday. The business has a 50 day moving average of $93.60 and a 200-day moving average of $97.70. Netflix, Inc. has a 1 year low of $75.01 and a 1 year high of $134.12. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.19. The company has a market capitalization of $388.94 billion, a P/E ratio of 29.83, a P/E/G ratio of 1.20 and a beta of 1.67.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.47. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The company had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.17 billion. During the same quarter in the prior year, the firm posted $6.61 earnings per share. The firm's revenue was up 16.2% compared to the same quarter last year. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, equities research analysts predict that Netflix, Inc. will post 3.53 earnings per share for the current year.

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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