Horizon Investments LLC Buys 240,279 Shares of Netflix, Inc. $NFLX

Key Points

• Horizon Investments LLC increased its Netflix stake by 769.3% in Q4, acquiring an additional 240,279 shares to hold 271,513 shares worth about $25.46 million.
• Several large institutions (Vanguard, Baillie Gifford, Jennison, Sumitomo Mitsui, Nordea) also dramatically raised positions in Q4, taking institutional ownership to roughly 80.93%.
• Netflix beat Q1 EPS estimates ($1.23 vs. $0.76) and the board authorized a $25 billion buyback, but conservative Q2 guidance has produced mixed near‑term investor sentiment.

Horizon Investments LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 769.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 271,513 shares of the Internet television network's stock after acquiring an additional 240,279 shares during the quarter. Horizon Investments LLC's holdings in Netflix were worth $25,457,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NFLX. Vanguard Group Inc. increased its stake in shares of Netflix by 912.5% in the 4th quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network's stock valued at $36,567,805,000 after acquiring an additional 351,493,659 shares in the last quarter. Baillie Gifford & Co. increased its stake in shares of Netflix by 912.3% in the 4th quarter. Baillie Gifford & Co. now owns 36,940,035 shares of the Internet television network's stock valued at $3,463,498,000 after acquiring an additional 33,290,988 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Netflix by 639.9% in the 4th quarter. Jennison Associates LLC now owns 34,871,951 shares of the Internet television network's stock valued at $3,269,594,000 after acquiring an additional 30,158,900 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Netflix by 891.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,099,908 shares of the Internet television network's stock valued at $1,134,487,000 after acquiring an additional 10,879,276 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Netflix by 886.6% in the 4th quarter. Nordea Investment Management AB now owns 9,667,997 shares of the Internet television network's stock valued at $902,798,000 after acquiring an additional 8,688,113 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Netflix News Summary

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 Performance

NASDAQ NFLX opened at $92.06 on Friday. 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 1.41. The firm has a market cap of $387.65 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 1.20 and a beta of 1.55. The company has a fifty day moving average price of $94.81 and a 200-day moving average price of $96.77.

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 (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.47. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The firm had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.17 billion. During the same quarter in the prior year, the business posted $6.61 EPS. The business'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. As a group, equities research analysts predict that Netflix, Inc. will post 3.56 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. William Blair reiterated an "outperform" rating on shares of Netflix in a research note on Wednesday, January 21st. UBS Group set a $104.00 price target on shares of Netflix in a research note on Tuesday, January 27th. HSBC boosted their price target on shares of Netflix from $106.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, April 10th. DZ Bank restated a "buy" rating on shares of Netflix in a research note on Friday, April 17th. Finally, Jefferies Financial Group decreased their price target on shares of Netflix from $134.00 to $128.00 and set a "buy" rating for the company in a research note on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $114.82.

Insider Transactions at Netflix

In other news, CEO Gregory K. Peters sold 27,312 shares of the company's stock in a transaction on 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 completion of the sale, the chief executive officer owned 122,140 shares in the company, valued at $10,166,933.60. This represents a 18.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 owned 73,787 shares of the company's stock, valued at approximately $7,231,126. The trade was a 27.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,382,013 shares of company stock worth $127,482,296. 1.37% of the stock is owned by insiders.

About Netflix

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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