Munich Reinsurance Co Stock Corp in Munich Buys 260,147 Shares of Netflix, Inc. $NFLX

Key Points

• Munich Reinsurance Co Stock Corp in Munich increased its Netflix holding by 922.4%, buying 260,147 shares to own 288,351 shares worth about $27.0 million at quarter-end.
• Netflix's board approved a $25 billion open-ended share buyback that lifted the stock and attracted analyst support (consensus rating "Moderate Buy", target ≈ $114.53), but the program comes amid weak Q2 guidance and subscriber churn concerns.
• Company insiders have been net sellers recently — 1,487,794 shares sold in the past three months (≈ $136.3 million) — while institutional investors still own 80.93% of the stock.

Munich Reinsurance Co Stock Corp in Munich grew its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 922.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,351 shares of the Internet television network's stock after acquiring an additional 260,147 shares during the period. Munich Reinsurance Co Stock Corp in Munich's holdings in Netflix were worth $27,042,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Impax Asset Management Group plc grew its holdings in shares of Netflix by 659.3% in the 4th quarter. Impax Asset Management Group plc now owns 175,961 shares of the Internet television network's stock valued at $16,498,000 after acquiring an additional 152,788 shares in the last quarter. Mattern Capital Management LLC grew its holdings in shares of Netflix by 1,088.0% in the 4th quarter. Mattern Capital Management LLC now owns 15,503 shares of the Internet television network's stock valued at $1,454,000 after acquiring an additional 14,198 shares in the last quarter. Riverbend Wealth Management LLC grew its holdings in shares of Netflix by 960.7% in the 4th quarter. Riverbend Wealth Management LLC now owns 12,781 shares of the Internet television network's stock valued at $1,198,000 after acquiring an additional 11,576 shares in the last quarter. Sava Infond d.o.o. grew its holdings in shares of Netflix by 964.3% in the 4th quarter. Sava Infond d.o.o. now owns 18,200 shares of the Internet television network's stock valued at $1,706,000 after acquiring an additional 16,490 shares in the last quarter. Finally, Warren Street Wealth Advisors LLC grew its holdings in shares of Netflix by 588.5% in the 4th quarter. Warren Street Wealth Advisors LLC now owns 5,859 shares of the Internet television network's stock valued at $549,000 after acquiring an additional 5,008 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Insider Activity

In other Netflix news, insider David A. Hyman sold 5,727 shares of the firm's stock in a transaction that occurred on 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 sale, the insider directly owned 316,100 shares in the company, valued at $25,623,066. This trade represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Cletus R. Willems sold 3,136 shares of the firm's stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $82.67, for a total transaction of $259,253.12. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,487,794 shares of company stock valued at $136,255,772. Company 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 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)

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. President Capital raised their price objective on Netflix from $133.00 to $134.00 and gave the company a "buy" rating in a report on Tuesday, March 31st. DZ Bank reiterated a "buy" rating on shares of Netflix in a research note on Friday, April 17th. Wedbush reiterated an "outperform" rating and issued a $118.00 target price on shares of Netflix in a research note on Thursday, April 16th. New Street Research raised their target price on shares of Netflix from $96.00 to $102.00 in a research note on Friday, April 17th. Finally, Seaport Research Partners raised their target price on shares of Netflix from $115.00 to $119.00 and gave the company a "buy" rating in a research note on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.53.

Netflix Trading Down 0.5%

Shares of NFLX stock opened at $92.37 on Friday. The firm has a 50 day moving average price of $93.60 and a two-hundred day moving average price of $97.70. The company has a quick ratio of 1.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $388.94 billion, a PE ratio of 29.83, a price-to-earnings-growth ratio of 1.20 and a beta of 1.67. Netflix, Inc. has a 12-month low of $75.01 and a 12-month high of $134.12.

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

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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