Legacy Edge Advisors LLC Makes New Investment in Netflix, Inc. $NFLX

Key Points

• Legacy Edge Advisors LLC opened a new stake in Netflix, buying 10,899 shares in Q4 valued at about $1.02 million.
• Netflix beat Q1 estimates with EPS $1.23 vs. $0.76 and revenue of $12.25 billion, up 16.2% year‑over‑year.
• Despite the beat, Netflix guided Q2 EPS at $0.78, helping trigger profit‑taking and a ~1.7% share decline; the board also authorized a $25 billion buyback amid renewed shareholder activism and notable insider selling.

Legacy Edge Advisors LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,899 shares of the Internet television network's stock, valued at approximately $1,022,000.

A number of other institutional investors have also recently bought and sold shares of NFLX. Imprint Wealth LLC acquired a new position in shares of Netflix during the 3rd quarter worth about $25,000. Bare Financial Services Inc grew its position in shares of Netflix by 93.3% during the 3rd quarter. Bare Financial Services Inc now owns 29 shares of the Internet television network's stock worth $35,000 after buying an additional 14 shares during the period. Horizon Financial Services LLC grew its position in shares of Netflix by 480.0% during the 3rd quarter. Horizon Financial Services LLC now owns 29 shares of the Internet television network's stock worth $35,000 after buying an additional 24 shares during the period. Redmont Wealth Advisors LLC acquired a new position in shares of Netflix during the 3rd quarter worth about $36,000. Finally, Marquette Asset Management LLC acquired a new position in shares of Netflix during the 3rd quarter worth about $44,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citizens Jmp restated a "market perform" rating on shares of Netflix in a research report on Wednesday, April 15th. President Capital boosted their price target on shares of Netflix from $133.00 to $134.00 and gave the company a "buy" rating in a report on Tuesday, March 31st. Morgan Stanley reissued an "overweight" rating on shares of Netflix in a report on Friday, April 17th. Robert W. Baird decreased their price target on shares of Netflix from $150.00 to $120.00 and set an "outperform" rating for the company in a report on Friday, January 23rd. Finally, Pivotal Research set a $96.00 price target on shares of Netflix and gave the company a "hold" rating in a report on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and fifteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $114.82.

Netflix Trading Down 1.7%

NASDAQ:NFLX opened at $92.06 on Friday. Netflix, Inc. has a twelve month low of $75.01 and a twelve month high of $134.12. 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 business has a 50 day moving average price of $94.81 and a two-hundred day moving average price of $96.77. The company has a market cap of $387.65 billion, a P/E ratio of 29.74, a price-to-earnings-growth ratio of 1.18 and a beta of 1.55.

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, topping analysts' consensus estimates of $0.76 by $0.47. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The firm had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.17 billion. During the same quarter in the prior year, the firm posted $6.61 EPS. The business's revenue was up 16.2% on a year-over-year basis. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, analysts expect that Netflix, Inc. will post 3.56 EPS for the current fiscal year.

Insider Activity at Netflix

In other news, insider David A. Hyman sold 5,727 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $81.06, for a total transaction of $464,230.62. Following the completion of the transaction, the insider directly owned 316,100 shares in the company, valued at $25,623,066. This represents a 1.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Cletus R. Willems sold 3,136 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $82.67, for a total transaction of $259,253.12. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,382,013 shares of company stock worth $127,482,296. Corporate insiders own 1.37% of the company's stock.

Key Stories Impacting Netflix

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

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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