Kornitzer Capital Management Inc. KS Boosts Holdings in Netflix, Inc. $NFLX

Key Points

• Kornitzer Capital Management raised its Netflix stake by 835.5% in Q4 to 67,185 shares (worth $6.299 million), and several other institutions also materially increased positions, leaving about 80.93% of the stock owned by institutional investors.
• Netflix beat Q1 estimates with $1.23 EPS vs. $0.76 and $12.25 billion in revenue, but conservative Q2 guidance of 0.78 EPS prompted profit‑taking and pressured the share price.
• The board authorized a $25 billion buyback and Netflix is launching a TikTok‑style "Clips" feed to drive mobile engagement, while analysts hold a "Moderate Buy" consensus with a $114.82 price target.

Kornitzer Capital Management Inc. KS increased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 835.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,185 shares of the Internet television network's stock after purchasing an additional 60,003 shares during the period. Kornitzer Capital Management Inc. KS's holdings in Netflix were worth $6,299,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. PFA Pension Forsikringsaktieselskab purchased a new position in Netflix in the 4th quarter worth approximately $223,131,000. Manhattan West Asset Management LLC lifted its holdings in Netflix by 854.1% in the 4th quarter. Manhattan West Asset Management LLC now owns 46,829 shares of the Internet television network's stock worth $4,391,000 after purchasing an additional 41,921 shares in the last quarter. Everest Management Corp. lifted its holdings in Netflix by 692.4% in the 4th quarter. Everest Management Corp. now owns 2,401 shares of the Internet television network's stock worth $225,000 after purchasing an additional 2,098 shares in the last quarter. Vawter Financial Ltd. raised its holdings in shares of Netflix by 900.0% during the 4th quarter. Vawter Financial Ltd. now owns 5,030 shares of the Internet television network's stock worth $472,000 after acquiring an additional 4,527 shares in the last quarter. Finally, Syntax Research Inc. raised its holdings in shares of Netflix by 900.0% during the 4th quarter. Syntax Research Inc. now owns 1,750 shares of the Internet television network's stock worth $164,000 after acquiring an additional 1,575 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix News Roundup

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on NFLX shares. William Blair reaffirmed an "outperform" rating on shares of Netflix in a report on Wednesday, January 21st. Piper Sandler reaffirmed an "overweight" rating and set a $115.00 price objective (up from $103.00) on shares of Netflix in a report on Friday, April 17th. China Renaissance upped their price objective on Netflix from $90.00 to $100.00 and gave the stock a "hold" rating in a report on Friday, April 17th. TD Cowen decreased their price objective on Netflix from $115.00 to $112.00 and set a "buy" rating on the stock in a report on Wednesday, January 21st. Finally, BMO Capital Markets decreased their price objective on Netflix from $143.00 to $135.00 and set an "outperform" rating on the stock in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.82.

Netflix Stock Performance

NASDAQ:NFLX opened at $92.06 on Friday. The stock's fifty day moving average is $94.81 and its 200 day moving average is $96.77. Netflix, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $134.12. The firm has a market capitalization of $387.65 billion, a PE ratio of 29.74, a PEG ratio of 1.18 and a beta of 1.55. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.47. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The company had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.17 billion. During the same quarter in the prior year, the firm posted $6.61 EPS. Netflix's quarterly 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. On average, sell-side analysts anticipate that Netflix, Inc. will post 3.56 earnings per share for the current year.

Insider Activity at Netflix

In related news, insider Cletus R. Willems sold 3,136 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $82.67, for a total transaction of $259,253.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 5,727 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $81.06, for a total value of $464,230.62. Following the sale, the insider owned 316,100 shares in the company, valued at $25,623,066. The trade was a 1.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,382,013 shares of company stock worth $127,482,296 in the last ninety days. Corporate insiders own 1.37% of the company's stock.

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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