Jupiter Asset Management Ltd. Acquires 670,289 Shares of Netflix, Inc. $NFLX

Key Points

• Jupiter Asset Management sharply increased its Netflix stake in the fourth quarter, buying 670,289 additional shares and lifting its holdings by 626.4% to 777,299 shares worth about $72.9 million.
• Institutional ownership remains heavy, with investors holding 80.93% of Netflix shares, while several smaller funds also reported large percentage increases in their positions.
• Netflix insiders have been selling shares recently, including CEO Ted Sarandos and director Reed Hastings, and insiders sold 1.37 million shares over the past 90 days.

Jupiter Asset Management Ltd. grew its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 626.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 777,299 shares of the Internet television network's stock after purchasing an additional 670,289 shares during the quarter. Jupiter Asset Management Ltd.'s holdings in Netflix were worth $72,880,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. First Financial Corp IN boosted its holdings in Netflix by 900.0% during the 4th 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 during the last quarter. DiNuzzo Private Wealth Inc. lifted its position in shares of Netflix by 885.2% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 239 shares in the last quarter. Turning Point Benefit Group Inc. boosted its holdings in Netflix by 13,400.0% during the fourth quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network's stock worth $25,000 after purchasing an additional 268 shares during the last quarter. Imprint Wealth LLC purchased a new position in Netflix during the third quarter worth about $25,000. Finally, MB Levis & Associates LLC grew its position in Netflix by 177.8% in the 4th quarter. MB Levis & Associates LLC now owns 300 shares of the Internet television network's stock worth $28,000 after purchasing an additional 192 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Insider Transactions at Netflix

In related news, CEO Theodore A. Sarandos sold 27,312 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $87.97, for a total transaction of $2,402,636.64. Following the sale, the chief executive officer owned 284,804 shares of the company's stock, valued at approximately $25,054,207.88. This represents a 8.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Reed Hastings sold 420,550 shares of the firm's stock in a transaction dated Wednesday, April 1st. The stock was 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 owned 3,940 shares of the company's stock, valued at approximately $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 1,365,509 shares of company stock valued at $129,675,743. 1.24% of the stock is currently owned by company insiders.

Netflix Stock Performance

NASDAQ NFLX opened at $86.36 on Friday. The firm has a market cap of $363.64 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 1.11 and a beta of 1.55. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The company's 50 day moving average is $93.29 and its 200-day moving average is $93.43. 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 released its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 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 company had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.17 billion. During the same period last year, the firm earned $6.61 EPS. Netflix's revenue for the quarter was up 16.2% on a year-over-year basis. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Sell-side analysts predict that Netflix, Inc. will post 3.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NFLX shares. Citizens Jmp reissued a "market perform" rating on shares of Netflix in a research report on Wednesday, April 15th. Sanford C. Bernstein reaffirmed a "buy" rating on shares of Netflix in a research report on Thursday, May 14th. Oppenheimer set a $120.00 price target on Netflix and gave the stock an "outperform" rating in a report on Friday, April 17th. China Renaissance boosted their price objective on Netflix from $90.00 to $100.00 and gave the stock a "hold" rating in a research report on Friday, April 17th. Finally, Wells Fargo & Company initiated coverage on shares of Netflix in a research note on Monday, March 9th. They issued an "equal weight" rating and a $105.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and sixteen have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $114.82.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Multiple analyst-style pieces argue that Netflix’s ad business is becoming a major growth driver, with 2026 ad revenue projections around $3 billion and new formats, live events, and ad-tech tools expanding monetization. Article Title
• Positive Sentiment: Several bullish writeups say Netflix could be in the early stages of a comeback, citing upside from advertising scale and stronger cash generation, with one piece raising a 12-month target far above current levels. Article Title
• Positive Sentiment: Another bullish note says Netflix’s ad empire story is “too good to ignore,” highlighting the scalability of the ad tier, higher ARPU, and the potential for ad revenue to become a meaningful share of total sales. Article Title
• Positive Sentiment: Netflix is also getting support from reports tied to the AI/content-efficiency narrative, including a $600 million deal involving Ben Affleck’s AI company and claims that Netflix could save billions over time through production efficiencies. Article Title
• Neutral Sentiment: Netflix-related mentions in broader entertainment coverage, including a new “60 Minutes” head who previously worked with Netflix projects, are not likely to have a direct material impact on the stock. Article Title
• Negative Sentiment: Some recent coverage still points out that NFLX has been trading well below its 52-week high and has had a difficult year, which keeps valuation concerns and skepticism alive. 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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