JM2 Capital Inc. Takes $1.14 Million Position in Netflix, Inc. $NFLX

Key Points

• JM2 Capital acquired a new stake of 12,175 shares in Netflix, valued at about $1.14 million, which represents roughly 0.9% of JM2’s holdings and is its 27th-largest position.
• Netflix beat Q4 estimates with $0.56 EPS vs. $0.55 expected and $12.05B revenue (up 17.6% YoY), prompting analyst upgrades including Goldman Sachs moving to a Buy and an average target near $115.50.
• Significant insider selling continues: CFO Spencer Neumann and co‑founder Reed Hastings sold large blocks (combined trades >$43M), and insiders have sold about 1.54M shares worth $141.1M in the last 90 days.

JM2 Capital Inc. acquired a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 12,175 shares of the Internet television network's stock, valued at approximately $1,142,000. Netflix makes up approximately 0.9% of JM2 Capital Inc.'s holdings, making the stock its 27th biggest position.

A number of other hedge funds also recently made changes to their positions in the business. Inlight Wealth Management LLC raised its stake in shares of Netflix by 553.1% in the 4th quarter. Inlight Wealth Management LLC now owns 320 shares of the Internet television network's stock valued at $30,000 after buying an additional 271 shares in the last quarter. AMI Asset Management Corp boosted its holdings in Netflix by 876.9% during the fourth quarter. AMI Asset Management Corp now owns 741,213 shares of the Internet television network's stock valued at $69,496,000 after purchasing an additional 665,337 shares in the last quarter. Webster Bank N. A. grew its stake in shares of Netflix by 1,130.9% in the 4th quarter. Webster Bank N. A. now owns 32,594 shares of the Internet television network's stock valued at $3,056,000 after purchasing an additional 29,946 shares during the period. Eagle Bay Advisors LLC grew its stake in shares of Netflix by 881.2% in the 4th quarter. Eagle Bay Advisors LLC now owns 3,130 shares of the Internet television network's stock valued at $293,000 after purchasing an additional 2,811 shares during the period. Finally, Third View Private Wealth LLC bought a new stake in shares of Netflix in the 4th quarter valued at approximately $16,244,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Trading Up 0.1%

Shares of Netflix stock opened at $103.16 on Tuesday. The stock has a market capitalization of $435.56 billion, a P/E ratio of 40.82, a price-to-earnings-growth ratio of 1.56 and a beta of 1.67. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.51. The company has a 50-day simple moving average of $90.28 and a 200 day simple moving average of $98.84. Netflix, Inc. has a 12-month low of $75.01 and a 12-month high of $134.12.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Tuesday, January 20th. The Internet television network reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. The business had revenue of $12.05 billion during the quarter, compared to analysts' expectations of $11.97 billion. Netflix had a net margin of 24.30% and a return on equity of 43.26%. The firm's revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the company posted $0.43 EPS. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. Research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group upgraded Netflix from a "neutral" rating to a "buy" rating in a research note on Monday. Piper Sandler reiterated a "positive" rating and issued a $103.00 price objective (down from $140.00) on shares of Netflix in a research note on Wednesday, January 21st. Susquehanna upgraded Netflix to a "positive" rating and set a $112.00 price objective on the stock in a research note on Wednesday, January 21st. Evercore initiated coverage on Netflix in a research note on Friday, February 27th. They issued an "outperform" rating and a $115.00 price objective on the stock. Finally, Rosenblatt Securities increased their target price on shares of Netflix from $95.00 to $96.00 and gave the stock a "neutral" rating in a research report on Monday, April 6th. Two analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $115.50.

Insider Transactions at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 28,630 shares of the firm's stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $98.00, for a total value of $2,805,740.00. Following the completion of the sale, the chief financial officer owned 73,787 shares in the company, valued at approximately $7,231,126. This trade represents a 27.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Reed Hastings sold 420,550 shares of the firm's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $95.49, for a total transaction of $40,158,319.50. Following the completion of the sale, the director owned 3,940 shares of the company's stock, valued at $376,230.60. The trade was 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. In the last ninety days, insiders have sold 1,543,023 shares of company stock worth $141,145,842. Corporate insiders own 1.37% of the company's stock.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Several firms raised price targets and ratings ahead of Q1, highlighting a more favourable risk/reward into the print. Deutsche Bank boosted its target while maintaining a cautious view. Article Title
• Positive Sentiment: Wedbush raised its price target and flagged strong ad‑momentum that could materially lift revenue and margins versus prior guidance. Article Title
• Positive Sentiment: Goldman Sachs upgraded NFLX to Buy and lifted its 12‑month target, signaling bank analysts see improved upside after Netflix’s pricing actions and ad strategy. Article Title
• Positive Sentiment: Analysts expect ad revenues to exceed $3 billion in Q1 — a key catalyst if confirmed on the print, as ads are higher‑margin and validate Netflix’s ad‑tier monetization. Article Title
• Neutral Sentiment: Multiple previews and analyst pieces emphasize Q1 as pivotal — revenue growth and ad traction are the story, but expectations leave room for upside or downside around guidance and subscriber/margin details. Article Title
• Neutral Sentiment: Media coverage highlights long‑term opportunities (international expansion, ecosystem play) but notes industry‑wide questions about when streaming price rises and ad tiers convert into sustainable profit gains. Article Title
• Negative Sentiment: Governance/insider optics and event risk: reports of large option gains for co‑founder Reed Hastings and broader market/earnings volatility could prompt short‑term selling if the print disappoints or commentary is cautious. Article Title

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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