Jacksonville Wealth Management LLC Increases Stock Position in Netflix, Inc. $NFLX

Key Points

• Jacksonville Wealth Management increased its Netflix stake by 886.7% in the fourth quarter, ending with 21,529 shares worth about $2.0 million.
• Large institutional investors remain heavily involved in Netflix, with firms like Vanguard, Baillie Gifford, and Jennison Associates also sharply boosting positions; institutional ownership stands at 80.93%.
• Netflix reported better-than-expected earnings, with quarterly EPS of $1.23 versus $0.76 expected and revenue of $12.25 billion, though the stock was trading lower and analysts maintained a Moderate Buy view overall.

Jacksonville Wealth Management LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 886.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,529 shares of the Internet television network's stock after purchasing an additional 19,347 shares during the period. Netflix accounts for approximately 1.4% of Jacksonville Wealth Management LLC's holdings, making the stock its 20th biggest position. Jacksonville Wealth Management LLC's holdings in Netflix were worth $2,019,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Netflix by 912.5% during the fourth quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network's stock valued at $36,567,805,000 after buying an additional 351,493,659 shares during the last quarter. Baillie Gifford & Co. increased its stake in Netflix by 912.3% in the 4th quarter. Baillie Gifford & Co. now owns 36,940,035 shares of the Internet television network's stock worth $3,463,498,000 after acquiring an additional 33,290,988 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Netflix by 639.9% during the 4th quarter. Jennison Associates LLC now owns 34,871,951 shares of the Internet television network's stock worth $3,269,594,000 after acquiring an additional 30,158,900 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Netflix by 891.3% during the 4th 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 acquiring an additional 10,879,276 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Netflix by 850.7% during the 4th quarter. Principal Financial Group Inc. now owns 10,858,157 shares of the Internet television network's stock valued at $1,018,062,000 after acquiring an additional 9,716,017 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NFLX shares. Robert W. Baird reduced 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. BMO Capital Markets dropped their price objective on shares of Netflix from $143.00 to $135.00 and set an "outperform" rating for the company in a research note on Wednesday, January 21st. Evercore began coverage on shares of Netflix in a report on Friday, February 27th. They issued an "outperform" rating and a $115.00 target price on the stock. Moffett Nathanson upped their target price on shares of Netflix from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Tuesday, April 14th. Finally, President Capital lifted their price target on Netflix from $133.00 to $134.00 and gave the stock a "buy" rating in a research report on Tuesday, March 31st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $114.82.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 27,312 shares of the firm's stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $88.69, for a total value of $2,422,301.28. Following the completion of the transaction, the chief executive officer directly owned 120,931 shares in the company, valued at $10,725,370.39. This trade represents a 18.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David A. Hyman sold 5,722 shares of the firm's stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $88.08, for a total transaction of $503,993.76. Following the transaction, the insider directly owned 316,100 shares of the company's stock, valued at approximately $27,842,088. This trade represents a 1.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 1,422,769 shares of company stock worth $135,144,073. 1.37% of the stock is owned by corporate insiders.

Netflix Trading Down 2.3%

NFLX opened at $85.45 on Tuesday. Netflix, Inc. has a 52 week low of $75.01 and a 52 week high of $134.12. The company has a market capitalization of $359.81 billion, a P/E ratio of 27.60, a PEG ratio of 1.11 and a beta of 1.55. The stock's fifty day moving average is $95.55 and its two-hundred day moving average is $95.62. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, beating the consensus estimate of $0.76 by $0.47. The firm had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The business's revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter last year, the firm posted $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Analysts forecast that Netflix, Inc. will post 3.6 earnings per share for the current year.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix said it has spent more than $135 billion on film and TV over the past decade, reinforcing its scale, content dominance, and position as the leader in streaming. Netflix spent over $135 billion on film, TV over last decade
• Positive Sentiment: Netflix’s recent earnings were solid, with revenue and EPS beating expectations, showing that the business still has strong profitability and growth momentum.
• Neutral Sentiment: Commentary around Wall Street’s view of Netflix suggests investors are still debating the stock’s near-term direction, with sentiment not clearly one-sided. Is Wall Street Bullish or Bearish on Netflix Stock?
• Neutral Sentiment: Media coverage around Netflix’s presence at TV upfronts and higher pricing reflects ongoing monetization efforts, but this is more of a longer-term strategic theme than an immediate stock driver. At TV upfronts, AI is in and corporate shuffles are reshaping the line-up
• Negative Sentiment: Texas Attorney General Ken Paxton sued Netflix, accusing it of illegally collecting user data, spying on consumers, and designing the platform to be addictive; the lawsuit could create legal, regulatory, and reputational pressure on the company. Netflix sued by Texas for allegedly spying on consumers

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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