Kentucky Retirement Systems Buys 239,481 Shares of Netflix, Inc. $NFLX

Key Points

• Kentucky Retirement Systems increased its Netflix stake by 900% in the fourth quarter, buying 239,481 additional shares and bringing its total holdings to 266,090 shares worth about $24.95 million.
• Other institutional investors also boosted small positions in Netflix, and institutional ownership stands at 80.93% of the company’s shares.
• Netflix recently reported strong quarterly results, beating earnings and revenue estimates, while analysts currently rate the stock Moderate Buy with an average price target of $114.82.

Kentucky Retirement Systems grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 900.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 266,090 shares of the Internet television network's stock after buying an additional 239,481 shares during the period. Netflix accounts for about 0.7% of Kentucky Retirement Systems' investment portfolio, making the stock its 19th largest position. Kentucky Retirement Systems' holdings in Netflix were worth $24,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Financial Corp IN increased its position in Netflix by 900.0% in the fourth quarter. First Financial Corp IN now owns 270 shares of the Internet television network's stock worth $25,000 after purchasing an additional 243 shares during the last quarter. DiNuzzo Private Wealth Inc. increased its position in Netflix by 885.2% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network's stock worth $25,000 after purchasing an additional 239 shares during the last quarter. Turning Point Benefit Group Inc. increased its position in Netflix by 13,400.0% in 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 bought a new stake in Netflix in the third quarter worth $25,000. Finally, MB Levis & Associates LLC increased its position in Netflix by 177.8% in the fourth 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 during the last quarter. Institutional investors own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of several research reports. President Capital boosted their price target on shares of Netflix from $133.00 to $134.00 and gave the stock a "buy" rating in a research report on Tuesday, March 31st. Citizens Jmp restated a "market perform" rating on shares of Netflix in a research report on Wednesday, April 15th. Pivotal Research set a $96.00 price target on shares of Netflix and gave the stock a "hold" rating in a research report on Friday, April 17th. New Street Research boosted their price target on shares of Netflix from $96.00 to $102.00 in a research report on Friday, April 17th. Finally, Evercore initiated coverage on shares of Netflix in a research report on Friday, February 27th. They issued an "outperform" rating and a $115.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and an average price target of $114.82.

Insider Buying and Selling at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 28,630 shares of the business's stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $98.00, for a total transaction of $2,805,740.00. Following the transaction, the chief financial officer owned 73,787 shares in the company, valued at $7,231,126. The trade was a 27.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Reed Hastings sold 420,550 shares of the business's stock in a transaction on 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 transaction, the director owned 3,940 shares in the company, valued at $376,230.60. This trade represents a 99.07% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 926,329 shares of company stock valued at $87,071,177. Insiders own 1.24% of the company's stock.

Netflix Stock Performance

NFLX stock opened at $86.02 on Monday. 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, Inc. has a twelve month low of $75.01 and a twelve month high of $134.12. The stock has a market capitalization of $362.21 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 1.09 and a beta of 1.50. The firm's fifty day simple moving average is $93.12 and its two-hundred day simple moving average is $93.14.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.47. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The business had revenue of $12.25 billion for the quarter, compared to analysts' expectations of $12.17 billion. During the same quarter in the previous year, the business posted $6.61 earnings per share. 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, analysts anticipate that Netflix, Inc. will post 3.6 earnings per share for the current year.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Multiple reports say Netflix’s ad business is gaining traction, with 2026 ad revenue projected near $3 billion as new formats, live events, and ad-tech tools expand monetization. Netflix's Ad Business Expansion Continues: More Upside Ahead?
• Positive Sentiment: Netflix reportedly acquired Ben Affleck’s AI startup InterPositive, which could automate parts of filmmaking and lower production costs, supporting margins over time. Netflix Buys Affleck AI Startup InterPositive To Reshape Content Economics
• Positive Sentiment: Several commentary pieces argue Netflix is a buying opportunity, citing upside from ad-tier growth and improving free cash flow, with some analysts reiterating bullish ratings and higher price targets. 3 Reasons to Buy Netflix Stock in June
• Neutral Sentiment: Other articles highlight Netflix as a laggard versus entertainment peers, suggesting the stock may need execution to catch up rather than already reflecting a clear fundamental breakout. How Is Netflix’s Stock Performance Compared to Other Entertainment Stocks?
• Neutral Sentiment: Coverage linking Netflix to streaming perks and broader media/advertising themes is supportive but not a direct company-specific catalyst. Best credit cards with streaming perks for June 2026: Save on Netflix, Hulu, and more

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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