Netflix, Inc. $NFLX Holdings Increased by Libra Wealth LLC

Key Points

• Board approves $25 billion share buyback, an added repurchase program the company says will boost capital returns and EPS and was cited as the primary near‑term catalyst for the stock's recent lift.
• Institutional buying accelerated sharply—Libra Wealth LLC increased its Netflix stake 900% to 52,750 shares (~$4.95M) and large managers like Baillie Gifford added ~33.3M shares; institutional ownership now stands around 80.9%.
• Netflix beat Q1 estimates with EPS $1.23 vs. $0.76 and revenue of $12.25B, but softer Q2 guidance (EPS ~0.78) and margin concerns triggered a post‑earnings selloff, leaving downside risk until growth or margins re‑accelerate.

Libra Wealth LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 900.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,750 shares of the Internet television network's stock after buying an additional 47,475 shares during the quarter. Netflix comprises 1.4% of Libra Wealth LLC's holdings, making the stock its 18th biggest position. Libra Wealth LLC's holdings in Netflix were worth $4,946,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Netflix by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 38,521,322 shares of the Internet television network's stock worth $46,183,983,000 after buying an additional 142,238 shares in the last quarter. Baillie Gifford & Co. raised its holdings in shares of Netflix by 912.3% in the 4th quarter. Baillie Gifford & Co. now owns 36,940,035 shares of the Internet television network's stock worth $3,463,498,000 after purchasing an additional 33,290,988 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Netflix by 891.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,099,908 shares of the Internet television network's stock worth $1,134,487,000 after purchasing an additional 10,879,276 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Netflix by 886.6% in the 4th quarter. Nordea Investment Management AB now owns 9,667,997 shares of the Internet television network's stock worth $902,798,000 after purchasing an additional 8,688,113 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Netflix by 430.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,738,241 shares of the Internet television network's stock worth $631,777,000 after purchasing an additional 5,468,262 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Board authorizes an additional $25 billion share buyback (adds to December 2024 buyback, no expiration). The large repurchase boosts capital returns, supports EPS and float, and was cited by markets as the primary near-term catalyst for the stock lift. Netflix announces $25 billion share buyback (Reuters)
• Positive Sentiment: Analyst and investor support: Daiwa raised its price target and kept an outperform stance; JPMorgan reaffirmed its buy rating; noted active purchases from high-profile investors (e.g., Cathie Wood) reinforce institutional confidence. These endorsements can underpin further upside if fundamentals recover. Daiwa raises price target (MarketScreener) Cathie Wood keeps buying (Barchart)
• Positive Sentiment: Product/engagement initiatives: Netflix plans a TikTok-style vertical video feed to drive mobile engagement and discoverability — a strategic push to capture “snackable” viewing that could boost retention/monetization over time. Netflix eyes TikTok-style feed (Benzinga)
• Neutral Sentiment: Analyst commentary and valuation debate: Coverage highlights a pullback that some see as a buying opportunity while others caution on near-term risk; mixed views mean sentiment could swing with subsequent results or guidance. Valuation debate after pullback (Yahoo Finance)
• Neutral Sentiment: Strategic real estate/production expansion: Reports Netflix is in talks to buy LA studio space — could expand content capacity but would be a capital-intensive move. Netflix in talks to buy studio space (Yahoo Market Chatter)
• Neutral Sentiment: Corporate governance: Netflix’s board recommended “no” votes on two shareholder proposals tied to cultural/content disputes—governance item that may matter to some investors but is unlikely to move fundamentals. Board recommends no votes (Forbes)
• Negative Sentiment: Failed bid / industry consolidation: Warner Bros. shareholders approved a $110B sale to Paramount Skydance, closing off the acquisition Netflix pursued; consolidation reduces one strategic growth pathway and underscores competition for assets. Warner Bros sale approved (Yahoo Finance)
• Negative Sentiment: Q1 guidance and selloff risk: The stock plunged after softer-than-expected Q2 guidance and margin/earnings concerns; until growth or margins re-accelerate, downside risk remains despite the buyback. Q1 guidance selloff (Seeking Alpha)

Insider Buying and Selling at Netflix

In other news, insider Cletus R. Willems sold 3,136 shares of the business's stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $82.67, for a total transaction of $259,253.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 28,630 shares of the business's stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $98.00, for a total transaction of $2,805,740.00. Following the sale, the chief financial officer owned 73,787 shares in the company, valued at $7,231,126. This represents a 27.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,487,794 shares of company stock valued at $136,255,772 over the last three months. 1.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of research reports. Citigroup initiated coverage on shares of Netflix in a report on Thursday, April 16th. They issued a "market perform" rating on the stock. Piper Sandler reiterated an "overweight" rating and issued a $115.00 target price (up from $103.00) on shares of Netflix in a report on Friday, April 17th. Sanford C. Bernstein dropped their target price on shares of Netflix from $115.00 to $110.00 and set an "outperform" rating on the stock in a report on Friday, April 17th. Barclays set a $110.00 target price on shares of Netflix and gave the stock an "equal weight" rating in a report on Friday, April 17th. Finally, President Capital boosted their target price on shares of Netflix from $133.00 to $134.00 and gave the stock a "buy" rating in a report on Tuesday, March 31st. Two investment 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 company. According to MarketBeat, Netflix presently has an average rating of "Moderate Buy" and a consensus price target of $114.53.

Netflix Stock Down 0.5%

NFLX stock opened at $92.82 on Friday. Netflix, Inc. has a 52-week low of $75.01 and a 52-week high of $134.12. The company's 50 day simple moving average is $93.29 and its 200-day simple moving average is $97.74. 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 firm has a market capitalization of $390.85 billion, a P/E ratio of 29.98, a P/E/G ratio of 1.21 and a beta of 1.67.

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

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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