Kovack Advisors Inc. Acquires 50,851 Shares of Netflix, Inc. $NFLX

Key Points

• Kovack Advisors sharply increased its Netflix stake in the fourth quarter, buying 50,851 additional shares and lifting its holdings to 53,480 shares worth about $5.0 million.
• Netflix reported stronger-than-expected quarterly results, with EPS of $1.23 versus $0.76 expected and revenue of $12.25 billion, up 16.2% year over year. The company also guided Q2 2026 EPS at 0.78.
• Analysts remain generally upbeat on NFLX, with an average rating of “Moderate Buy” and a consensus price target of about $114.39, even as some recent reports note limited near-term catalysts and competitive/regulatory concerns.

Kovack Advisors Inc. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1,934.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,480 shares of the Internet television network's stock after acquiring an additional 50,851 shares during the quarter. Kovack Advisors Inc.'s holdings in Netflix were worth $5,014,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Netflix by 0.4% in the third quarter. Vanguard Group Inc. now owns 38,521,322 shares of the Internet television network's stock worth $46,183,983,000 after purchasing an additional 142,238 shares during the last quarter. Checchi Capital Advisers LLC grew its stake in shares of Netflix by 875.7% during the fourth quarter. Checchi Capital Advisers LLC now owns 31,143 shares of the Internet television network's stock valued at $2,920,000 after buying an additional 27,951 shares during the last quarter. Contravisory Investment Management Inc. increased its holdings in shares of Netflix by 837.2% in the fourth quarter. Contravisory Investment Management Inc. now owns 111,380 shares of the Internet television network's stock worth $10,443,000 after buying an additional 99,496 shares during the period. BNC Wealth Management LLC lifted its stake in shares of Netflix by 991.3% in the 4th quarter. BNC Wealth Management LLC now owns 41,229 shares of the Internet television network's stock valued at $3,866,000 after acquiring an additional 37,451 shares during the last quarter. Finally, Crew Capital Management Ltd boosted its holdings in Netflix by 1,021.9% during the 4th quarter. Crew Capital Management Ltd now owns 9,031 shares of the Internet television network's stock valued at $847,000 after acquiring an additional 8,226 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Price Performance

Shares of Netflix stock opened at $81.27 on Friday. The business has a 50 day moving average of $91.23 and a 200 day moving average of $91.19. Netflix, Inc. has a 52 week low of $75.01 and a 52 week high of $134.12. The company has a market cap of $342.21 billion, a PE ratio of 26.25, a P/E/G ratio of 1.04 and a beta of 1.50. 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 issued its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) 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 the consensus estimate of $12.17 billion. During the same period in the previous year, the firm earned $6.61 EPS. The company'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. As a group, equities research analysts forecast that Netflix, Inc. will post 3.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Cfra raised Netflix from a "hold" rating to a "buy" rating and set a $115.00 price target on the stock in a research note on Friday, March 6th. Evercore assumed coverage on Netflix in a research note on Friday, February 27th. They set an "outperform" rating and a $115.00 price objective for the company. Wolfe Research restated an "outperform" rating and issued a $107.00 target price on shares of Netflix in a report on Friday, April 17th. Morgan Stanley reiterated an "overweight" rating on shares of Netflix in a report on Friday, April 17th. Finally, Citic Securities raised their price target on shares of Netflix from $95.00 to $107.00 and gave the stock a "hold" rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and sixteen have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $114.39.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Omdia forecasts Netflix could reach nearly 400 million subscribers by 2031, reinforcing its leadership in global streaming and supporting the long-term bull case. Omdia: Netflix to Reach 400 Million Subscribers by 2031, Maintaining Global Streaming Lead Despite Industry Consolidation
• Positive Sentiment: Netflix is expanding its gaming and mobile strategy, including a FIFA World Cup football game exclusive to Netflix Games and a revamped mobile app rollout in Asia, which could improve subscriber engagement. FIFA Deal Tests How Netflix Uses Games To Deepen Subscriber Engagement
• Positive Sentiment: Several recent articles argue the pullback could be a buying opportunity, citing expected upside from ad revenue growth, cash flow strength, and international expansion. Netflix (NFLX) Pullback Offers a Long-Term Opportunity
• Neutral Sentiment: Jim Cramer’s remarks that tech stocks may no longer be clear market leaders included Netflix, adding to the broader cautious sentiment around the sector. Jim Cramer Discussed 15 Stocks, Including Broadcom, Netflix, and His Skepticism Toward Tech Stocks
• Neutral Sentiment: One article compares Netflix with Roku and frames the stock as a relative value debate rather than a clear near-term catalyst for NFLX. Netflix Is Down 12% in 2026, While Roku Is Up 11%. Which Streaming Stock Is the Better Buy in June?
• Negative Sentiment: Jefferies cut its price target on Netflix to $110 from $128, saying the stock lacks near-term catalysts even though it kept a Buy rating. Mahaney Reiterates Buy on Netflix, Maintains $115 Price Target Amid Ad-Tier and International Expansion Upside Ratings News
• Negative Sentiment: Paramount Skydance’s accusations that Netflix interfered in its Warner Bros. Discovery merger dispute could keep competitive and regulatory concerns in focus. Paramount Skydance Clash Puts Netflix Competition And Regulatory Role In Focus

Insider Buying and Selling

In other Netflix news, Director Reed Hastings sold 420,550 shares of Netflix stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $95.49, for a total transaction of $40,158,319.50. Following the sale, the director directly owned 3,940 shares of the company's stock, valued at approximately $376,230.60. The trade was a 99.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David A. Hyman sold 5,722 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $88.08, for a total value of $503,993.76. Following the completion of the transaction, the insider directly owned 316,100 shares of the company's stock, valued at $27,842,088. This represents a 1.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 1,313,029 shares of company stock valued at $120,315,776 over the last quarter. 1.24% of the stock is currently owned by insiders.

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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