Legacy Private Trust Co. Buys 32,374 Shares of Netflix, Inc. $NFLX

Key Points

• Legacy Private Trust Co. boosted its Netflix stake by 1,092.2% in Q4, buying 32,374 shares to hold 35,338 shares valued at about $3.31 million, part of a broader wave of large institutional accumulation (institutions now own 80.93% of the stock).
• Insider selling has accelerated: corporate insiders sold 1,520,133 shares worth roughly $137.26 million over the past three months, including CFO Spencer Neumann's sale of 28,630 shares; insiders currently hold about 1.37% of Netflix.
• Fundamentals and analyst stance: Netflix beat Q4 estimates (EPS $0.56; revenue $12.05B, +17.6% YoY) and guided Q1 EPS to $0.76, while analysts maintain a consensus "Moderate Buy" with an average target of $114.35 (market cap ≈ $387.7B; P/E ~36.3).

Legacy Private Trust Co. increased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1,092.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,338 shares of the Internet television network's stock after buying an additional 32,374 shares during the quarter. Legacy Private Trust Co.'s holdings in Netflix were worth $3,313,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NFLX. Nordea Investment Management AB lifted its stake in Netflix by 886.6% in the fourth quarter. Nordea Investment Management AB now owns 9,667,997 shares of the Internet television network's stock valued at $902,798,000 after acquiring an additional 8,688,113 shares during the last quarter. Norges Bank bought a new position in shares of Netflix in the 2nd quarter valued at about $7,929,645,000. Laurel Wealth Advisors LLC increased its stake in shares of Netflix by 128,553.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,881,129 shares of the Internet television network's stock worth $6,536,466,000 after purchasing an additional 4,877,335 shares during the last quarter. Sarasin & Partners LLP increased its stake in shares of Netflix by 2,758.1% during the 4th quarter. Sarasin & Partners LLP now owns 2,361,663 shares of the Internet television network's stock worth $221,430,000 after purchasing an additional 2,279,032 shares during the last quarter. Finally, Union Bancaire Privee UBP SA raised its holdings in shares of Netflix by 1,672.4% in the 4th quarter. Union Bancaire Privee UBP SA now owns 943,533 shares of the Internet television network's stock valued at $86,741,000 after purchasing an additional 890,299 shares during the period. 80.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Cletus R. Willems sold 3,136 shares of the business's stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $82.67, for a total value of $259,253.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 28,630 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $97.00, for a total value of $2,777,110.00. Following the transaction, the chief financial officer owned 73,787 shares in the company, valued at $7,157,339. The trade was a 27.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,520,133 shares of company stock worth $137,259,786 over the last three months. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Up 0.1%

Netflix stock opened at $91.82 on Monday. The company's 50-day moving average price is $86.87 and its two-hundred day moving average price is $101.69. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.51. The stock has a market cap of $387.68 billion, a P/E ratio of 36.34, a P/E/G ratio of 1.41 and a beta of 1.68. Netflix, Inc. has a twelve month low of $75.01 and a twelve month high of $134.12.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 20th. The Internet television network reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. Netflix had a return on equity of 43.26% and a net margin of 24.30%.The company had revenue of $12.05 billion during the quarter, compared to analysts' expectations of $11.97 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The business's revenue was up 17.6% on a year-over-year basis. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. As a group, analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: TV personality/market commentator Jim Cramer reiterated a buy-tilting stance — advising investors to “buy some here, buy some a little bit lower,” which can support retail momentum and short-term investor confidence. Jim Cramer on Netflix
• Positive Sentiment: Market response to Netflix walking away from its bid for Warner Bros. assets has been upbeat — reports note a strong near-term rally and at least one bank (Citi) turning bullish, arguing the move preserves capital and simplifies execution risk. That narrative supports multiple analysts raising targets and buyer interest. Netflix Stock Surges After Walking Away From Warner Deal
• Positive Sentiment: Content partnerships: Netflix signed an exclusive multi‑year documentary deal with Warner Music Group to mine WMG’s artist catalog for films/series — a steady stream of premium, exclusive music-related content could lift engagement and differentiate the service. Netflix, Warner Music deal
• Positive Sentiment: Live events strategy: Netflix is pushing into live K‑pop events (notably the BTS comeback livestream) and sees more opportunity in Korea — if monetized successfully these events can add new revenue streams and global engagement spikes. Netflix sees more prospects for live events
• Neutral Sentiment: New programming: Netflix and Higher Ground/Obamas are producing an eight-episode series about the FTX collapse — high-profile nonfiction can draw viewers but may also court controversy; content upside is balanced by reputational risk. Netflix FTX series
• Negative Sentiment: Operational worries: several outlets flagged slowing paid-subscriber growth (markedly weaker YoY) and a planned increase in 2026 content spending — the combination raises concerns about near-term margin pressure and execution on content ROI. Subscriber growth stalls
• Negative Sentiment: Volatility & valuation questions: commentary and headlines show recent big swings (both rallies and pullbacks), with some analysts highlighting mixed signals on valuation and the stock falling more steeply than the market on certain days — this keeps risk premia elevated. Netflix falls more steeply than market

Wall Street Analyst Weigh In

NFLX has been the subject of a number of research analyst reports. Guggenheim reduced their price target on Netflix from $145.00 to $130.00 and set a "buy" rating for the company in a report on Wednesday, January 21st. Rothschild & Co Redburn set a $120.00 price objective on Netflix in a research note on Wednesday, January 21st. Cfra raised Netflix from a "hold" rating to a "buy" rating and set a $115.00 price objective for the company in a research report on Friday, March 6th. TD Cowen reduced their target price on Netflix from $115.00 to $112.00 and set a "buy" rating for the company in a research note on Wednesday, January 21st. Finally, JPMorgan Chase & Co. began coverage on Netflix in a report on Monday, March 2nd. They set an "overweight" rating and a $120.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and thirteen have issued a Hold rating to the company's stock. According to data from MarketBeat, Netflix has a consensus rating of "Moderate Buy" and an average target price of $114.35.

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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