Mainsail Asset Management LLC Purchases 11,429 Shares of Netflix, Inc. $NFLX

Key Points

• Mainsail Asset Management boosted its Netflix stake by 839.8% in the fourth quarter, buying 11,429 additional shares and bringing its total to 12,790 shares valued at about $1.2 million.
• Netflix reported strong quarterly results, with earnings of $1.23 per share beating estimates and revenue of $12.25 billion topping forecasts, while revenue rose 16.2% year over year.
• Despite solid fundamentals and bullish analyst views, the stock has seen insider selling and remains under pressure from a recent Texas lawsuit alleging improper data collection and addictive design targeting children.

Mainsail Asset Management LLC increased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 839.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,790 shares of the Internet television network's stock after acquiring an additional 11,429 shares during the quarter. Netflix comprises about 0.5% of Mainsail Asset Management LLC's holdings, making the stock its 24th biggest holding. Mainsail Asset Management LLC's holdings in Netflix were worth $1,199,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Netflix by 0.4% during the third quarter. Vanguard Group Inc. now owns 38,521,322 shares of the Internet television network's stock valued at $46,183,983,000 after purchasing an additional 142,238 shares during the last quarter. Checchi Capital Advisers LLC lifted its position in 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 purchasing an additional 27,951 shares during the last quarter. Contravisory Investment Management Inc. lifted its position in Netflix by 837.2% during the fourth quarter. Contravisory Investment Management Inc. now owns 111,380 shares of the Internet television network's stock valued at $10,443,000 after purchasing an additional 99,496 shares during the last quarter. BNC Wealth Management LLC lifted its position in Netflix by 991.3% during the fourth quarter. BNC Wealth Management LLC now owns 41,229 shares of the Internet television network's stock valued at $3,866,000 after purchasing an additional 37,451 shares during the last quarter. Finally, Crew Capital Management Ltd lifted its position in Netflix by 1,021.9% during the fourth quarter. Crew Capital Management Ltd now owns 9,031 shares of the Internet television network's stock valued at $847,000 after purchasing an additional 8,226 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Trading Down 0.1%

Shares of NFLX opened at $87.56 on Thursday. The firm has a market cap of $368.70 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 1.11 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, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $134.12. The firm has a 50 day moving average price of $95.19 and a 200-day moving average price of $95.12.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The business's quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the business posted $6.61 EPS. 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.

Insider Buying and Selling

In related news, CFO Spencer Adam Neumann sold 57,260 shares of Netflix stock in a transaction on Friday, February 27th. The shares were sold at an average price of $95.50, for a total value of $5,468,330.00. Following the transaction, the chief financial officer directly owned 73,787 shares of the company's stock, valued at $7,046,658.50. The trade was a 43.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory K. Peters sold 27,312 shares of Netflix stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $88.69, for a total transaction of $2,422,301.28. Following the completion of the transaction, the chief executive officer directly owned 120,931 shares in the company, valued at approximately $10,725,370.39. The trade was a 18.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,422,769 shares of company stock valued at $135,144,073 over the last quarter. Company insiders own 1.37% of the company's stock.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix expanded its NFL relationship by adding more live football games, reinforcing its push into selective live events without taking on the cost of full-season sports rights. Article Title
• Positive Sentiment: The company is also leaning into event-driven entertainment with its first live MMA fight and a global world tour tied to KPop Demon Hunters, which could deepen engagement and create new monetization opportunities. Article Title
• Positive Sentiment: Evercore ISI reiterated a Buy rating on Netflix, citing an undemanding valuation and an outlook for 20%–25% earnings growth, which supports the bullish long-term thesis. Article Title
• Positive Sentiment: Netflix highlighted a reported $325 billion economic impact and over 425,000 jobs supported by its productions, while reaffirming heavy content investment that underpins future growth and valuation. Article Title
• Neutral Sentiment: Media coverage continues to frame Netflix as a leader in the streaming war, with investors focusing on ad-tier momentum, pricing power, and the company’s large content slate rather than a single catalyst. Article Title
• Negative Sentiment: Texas Attorney General Ken Paxton sued Netflix over alleged unauthorized data collection on children and claims the platform is designed to be addictive, creating potential legal, regulatory, and reputational risk. Article Title

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NFLX. President Capital lifted their target price on shares of Netflix from $133.00 to $134.00 and gave the company a "buy" rating in a research report on Tuesday, March 31st. Canaccord Genuity Group set a $125.00 target price on shares of Netflix and gave the company a "buy" rating in a research report on Wednesday, January 21st. Arete Research upgraded shares of Netflix from a "neutral" rating to a "buy" rating in a research report on Friday, February 27th. Argus lowered their price objective on shares of Netflix from $141.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, January 22nd. Finally, Barclays set a $110.00 price objective on shares of Netflix and gave the stock an "equal weight" rating in a report on Friday, April 17th. Two 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $114.82.

Netflix Company 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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