Netflix, Inc. $NFLX is Concord Investment Counsel Inc.'s 9th Largest Position

Key Points

• Concord Investment Counsel increased its Netflix stake by 897% in the fourth quarter, ending with 130,447 shares worth about $12.2 million. Netflix is now the firm’s 9th-largest position and makes up roughly 4% of its portfolio.
• Several recent market notes remain bullish on Netflix, especially on the company’s expanding ad business. Analysts and commentators point to ad revenue growth, new ad formats, live events, and better monetization as major upside drivers.
• Netflix reported strong quarterly results, beating EPS and revenue expectations, with revenue up 16.2% year over year. Even so, the stock has been trading below its highs, and recent insider selling plus valuation concerns keep some skepticism in play.

Concord Investment Counsel Inc. raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 897.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,447 shares of the Internet television network's stock after buying an additional 117,363 shares during the period. Netflix comprises approximately 4.0% of Concord Investment Counsel Inc.'s investment portfolio, making the stock its 9th biggest position. Concord Investment Counsel Inc.'s holdings in Netflix were worth $12,231,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. National Pension Service boosted its holdings in shares of Netflix by 910.6% in the fourth quarter. National Pension Service now owns 9,372,071 shares of the Internet television network's stock valued at $878,725,000 after purchasing an additional 8,444,703 shares during the period. South Street Advisors LLC boosted its holdings in shares of Netflix by 900.0% in the fourth quarter. South Street Advisors LLC now owns 2,500 shares of the Internet television network's stock valued at $234,000 after purchasing an additional 2,250 shares during the period. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new stake in shares of Netflix in the fourth quarter valued at approximately $482,000. Operose Advisors LLC boosted its holdings in shares of Netflix by 943.5% in the fourth quarter. Operose Advisors LLC now owns 23,990 shares of the Internet television network's stock valued at $2,249,000 after purchasing an additional 21,691 shares during the period. Finally, Linscomb Wealth Inc. boosted its holdings in shares of Netflix by 667.1% in the fourth quarter. Linscomb Wealth Inc. now owns 4,150 shares of the Internet television network's stock valued at $389,000 after purchasing an additional 3,609 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Multiple analyst-style pieces argue that Netflix’s ad business is becoming a major growth driver, with 2026 ad revenue projections around $3 billion and new formats, live events, and ad-tech tools expanding monetization. Article Title
• Positive Sentiment: Several bullish writeups say Netflix could be in the early stages of a comeback, citing upside from advertising scale and stronger cash generation, with one piece raising a 12-month target far above current levels. Article Title
• Positive Sentiment: Another bullish note says Netflix’s ad empire story is “too good to ignore,” highlighting the scalability of the ad tier, higher ARPU, and the potential for ad revenue to become a meaningful share of total sales. Article Title
• Positive Sentiment: Netflix is also getting support from reports tied to the AI/content-efficiency narrative, including a $600 million deal involving Ben Affleck’s AI company and claims that Netflix could save billions over time through production efficiencies. Article Title
• Neutral Sentiment: Netflix-related mentions in broader entertainment coverage, including a new “60 Minutes” head who previously worked with Netflix projects, are not likely to have a direct material impact on the stock. Article Title
• Negative Sentiment: Some recent coverage still points out that NFLX has been trading well below its 52-week high and has had a difficult year, which keeps valuation concerns and skepticism alive. Article Title

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Arete Research upgraded Netflix from a "neutral" rating to a "buy" rating in a report on Friday, February 27th. New Street Research boosted their price target on Netflix from $96.00 to $102.00 in a report on Friday, April 17th. Guggenheim reiterated a "buy" rating and issued a $120.00 price target on shares of Netflix in a report on Friday, May 15th. Wells Fargo & Company assumed coverage on Netflix in a report on Monday, March 9th. They issued an "equal weight" rating and a $105.00 price target for the company. Finally, Raymond James Financial reiterated a "market perform" rating on shares of Netflix in a report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and sixteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $114.82.

Netflix Stock Down 1.1%

Netflix stock opened at $86.36 on Friday. The business has a fifty day moving average of $93.29 and a two-hundred day moving average of $93.43. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The firm has a market cap of $363.64 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.11 and a beta of 1.55. 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 posted its earnings results 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 company had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.Netflix's revenue was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, analysts forecast that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 27,312 shares of the company's 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 transaction, the chief executive officer directly owned 120,931 shares of the company's stock, valued at approximately $10,725,370.39. This represents a 18.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Theodore A. Sarandos sold 27,312 shares of the company's stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $87.97, for a total value of $2,402,636.64. Following the transaction, the chief executive officer directly owned 284,804 shares in the company, valued at approximately $25,054,207.88. The trade was a 8.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 1,365,509 shares of company stock valued at $129,675,743. Corporate insiders own 1.24% of the company's stock.

Netflix 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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