Mattern Capital Management LLC Acquires 14,198 Shares of Netflix, Inc. $NFLX

Key Points

• Mattern Capital Management boosted its Netflix stake by 1,088%, acquiring 14,198 shares to hold 15,503 shares worth about $1.45 million.
• The Netflix board approved an additional $25 billion share buyback; the company beat Q1 estimates (EPS $1.23 vs $0.76, revenue $12.25B) but issued weak Q2 guidance that signaled churn risk and sparked volatility despite some analyst reaffirmations of Buy.
• Insiders have been net sellers recently—about 1,487,794 shares valued at roughly $136.3 million sold over the past 90 days—while institutional investors own roughly 80.9% of the stock.

Mattern Capital Management LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1,088.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,503 shares of the Internet television network's stock after acquiring an additional 14,198 shares during the quarter. Mattern Capital Management LLC's holdings in Netflix were worth $1,454,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NFLX. Imprint Wealth LLC bought a new position in shares of Netflix during the 3rd quarter worth approximately $25,000. First Financial Corp IN boosted its stake in shares of Netflix by 900.0% during the 4th quarter. First Financial Corp IN now owns 270 shares of the Internet television network's stock worth $25,000 after acquiring an additional 243 shares during the period. DiNuzzo Private Wealth Inc. boosted its stake in shares of Netflix by 885.2% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network's stock worth $25,000 after acquiring an additional 239 shares during the period. MB Levis & Associates LLC boosted its stake in shares of Netflix by 177.8% during the 4th quarter. MB Levis & Associates LLC now owns 300 shares of the Internet television network's stock worth $28,000 after acquiring an additional 192 shares during the period. Finally, Brown Shipley& Co Ltd boosted its stake in shares of Netflix by 867.7% during the 4th quarter. Brown Shipley& Co Ltd now owns 300 shares of the Internet television network's stock worth $28,000 after acquiring an additional 269 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Cletus R. Willems sold 3,136 shares of the firm's stock in a transaction dated 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 document filed with the SEC, which can be accessed through the SEC website. Also, insider David A. Hyman sold 5,727 shares of Netflix stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $81.06, for a total value of $464,230.62. Following the completion of the transaction, the insider owned 316,100 shares in the company, valued at approximately $25,623,066. This represents a 1.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,487,794 shares of company stock valued at $136,255,772 over the last ninety days. 1.37% of the stock is owned by insiders.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $92.37 on Friday. The stock has a market capitalization of $388.94 billion, a PE ratio of 29.83, a P/E/G ratio of 1.20 and a beta of 1.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.19. The business has a fifty day moving average price of $93.60 and a two-hundred day moving average price of $97.70. Netflix, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $134.12.

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, beating the consensus estimate of $0.76 by $0.47. The firm had revenue of $12.25 billion during the quarter, compared to analysts' expectations of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The company's quarterly revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, equities analysts predict that Netflix, Inc. will post 3.53 earnings per share for the current fiscal year.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Board approved a $25 billion additional share repurchase authorization (no expiration), boosting capital returns and supporting the share price rally. Netflix announces $25 billion share buyback (Reuters)
• Positive Sentiment: Market reaction: the buyback and messaging drove pre-market gains and helped stem the post-earnings selloff. Netflix authorizes fresh $25B buyback (MSN)
• Positive Sentiment: Wall Street support: JPMorgan reaffirmed a Buy on NFLX, and Daiwa raised its price target, both reinforcing investor confidence after the drop. JPMorgan reaffirms Buy (AmericanBankingNews) Daiwa raises price target to $102 (MarketScreener)
• Positive Sentiment: Notable institutional interest — Cathie Wood continued buying shares, signaling conviction from some active growth managers. Cathie Wood keeps buying (Barchart)
• Neutral Sentiment: Industry M&A backdrop: Warner Bros. shareholders approved a large Paramount Skydance acquisition — consolidation could reshape content economics and competitive dynamics, with mixed implications for Netflix (it was the losing bidder). Warner Bros shareholders approve deal (Yahoo Finance)
• Neutral Sentiment: Strategic moves: reports Netflix is in talks to buy Los Angeles studio space — this would be a content-production play that supports long-term content pipeline but is not an immediate earnings driver. Netflix in talks to buy LA studio space (Yahoo Market Chatter)
• Neutral Sentiment: Governance item: Netflix’s board recommended “No” on two shareholder proposals tied to ideological content concerns — likely low short-term financial impact but could matter to activist investors. Board recommends No on proposals (Forbes)
• Negative Sentiment: Guidance and churn risk: management’s weak Q2 guidance after a Q1 beat signaled rising subscriber churn, which sparked the initial selloff and remains the primary near-term headwind for the stock. Buyback-and-chill strategy but guidance weak (The Daily Upside)
• Negative Sentiment: Analyst and market reaction: several pieces discuss the post-earnings selloff and questions about subscriber momentum and valuation — signaling continued volatility until membership trends stabilize. What is next after Q1 guidance selloff (Seeking Alpha)

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NFLX. BMO Capital Markets reduced their price target on Netflix from $143.00 to $135.00 and set an "outperform" rating for the company in a research note on Wednesday, January 21st. The Goldman Sachs Group upgraded Netflix from a "neutral" rating to a "buy" rating in a research note on Monday, April 13th. Piper Sandler restated an "overweight" rating and issued a $115.00 price target (up from $103.00) on shares of Netflix in a research note on Friday, April 17th. New Street Research boosted their price target on Netflix from $96.00 to $102.00 in a research note on Friday, April 17th. Finally, Daiwa Securities Group lifted their price objective on Netflix from $97.00 to $102.00 and gave the company an "outperform" rating in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and an average price target of $114.53.

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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