Netflix, Inc. $NFLX Shares Acquired by Denali Advisors LLC

Key Points

• Denali Advisors LLC sharply increased its Netflix stake by 899.6% in the fourth quarter, buying 92,725 additional shares and bringing its total to 103,032 shares worth about $9.66 million.
• Despite some mixed signals, analyst sentiment remains broadly positive: several firms maintained or raised targets, and MarketBeat’s consensus view on Netflix is still “Moderate Buy” with an average target price of $114.82.
• Netflix recently reported better-than-expected earnings and revenue growth, but the stock has still been pressured by insider selling and recent weakness in trading momentum.

Denali Advisors LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 899.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 103,032 shares of the Internet television network's stock after purchasing an additional 92,725 shares during the period. Netflix makes up approximately 1.1% of Denali Advisors LLC's portfolio, making the stock its 10th biggest holding. Denali Advisors LLC's holdings in Netflix were worth $9,660,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Imprint Wealth LLC acquired a new position in Netflix during the 3rd quarter valued at about $25,000. Bare Financial Services Inc boosted its stake in shares of Netflix by 93.3% in the 3rd quarter. Bare Financial Services Inc now owns 29 shares of the Internet television network's stock worth $35,000 after buying an additional 14 shares during the last quarter. Horizon Financial Services LLC boosted its stake in shares of Netflix by 480.0% in the 3rd quarter. Horizon Financial Services LLC now owns 29 shares of the Internet television network's stock worth $35,000 after buying an additional 24 shares during the last quarter. Redmont Wealth Advisors LLC purchased a new position in shares of Netflix in the 3rd quarter worth approximately $36,000. Finally, Marquette Asset Management LLC purchased a new position in shares of Netflix in the 3rd quarter worth approximately $44,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. KeyCorp restated an "overweight" rating and issued a $115.00 target price (up from $108.00) on shares of Netflix in a research note on Tuesday, April 14th. Sanford C. Bernstein cut their target price on Netflix from $115.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, April 17th. Oppenheimer set a $120.00 target price on Netflix and gave the stock an "outperform" rating in a research note on Friday, April 17th. Susquehanna upgraded Netflix to a "positive" rating and set a $112.00 target price on the stock in a research note on Wednesday, January 21st. Finally, China Renaissance boosted their target price on Netflix from $90.00 to $100.00 and gave the stock a "hold" rating in a research note on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $114.82.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Strong early reviews for Netflix’s new drama Remarkably Bright Creatures suggest a programming win that could help engagement and subscriber retention. Remarkably Bright Creatures Review
• Positive Sentiment: Recent analyst commentary remains constructive, with several firms maintaining or raising price targets and broader coverage still pointing to a “Moderate Buy” view. Netflix, Pulte, and Mobileye Are Buying Their Own Dips—Should You?
• Neutral Sentiment: Warner Bros. Discovery’s large quarterly loss included a $2.8 billion Netflix-related termination fee, but this is primarily an M&A accounting item for WBD rather than a direct operating signal for Netflix. WBD Logs $2.92B Loss
• Neutral Sentiment: Jim Cramer said Netflix is “not a buy, buy, buy,” reflecting caution around competition in streaming, but it was more of a valuation/positioning comment than a formal downgrade. Jim Cramer on Netflix
• Negative Sentiment: CEO Gregory K. Peters sold 27,312 shares and CFO Spencer Adam Neumann sold 9,253 shares on May 7, adding to recent insider selling and likely weighing on investor sentiment. Netflix Insider Selling
• Negative Sentiment: Technical and trading commentary points to continued weakness after the recent pullback, with the stock still below key moving averages and some investors questioning near-term upside. Is It Time To Reassess Netflix?

Netflix Trading Down 0.9%

Netflix stock opened at $87.45 on Friday. The stock has a market cap of $368.22 billion, a P/E ratio of 28.25, a PEG ratio of 1.12 and a beta of 1.55. Netflix, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $134.12. The firm's fifty day moving average price is $95.44 and its 200-day moving average price is $96.08. 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 (NASDAQ:NFLX - Get Free Report) last announced its earnings results 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. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The company had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.17 billion. During the same period in the previous year, the business earned $6.61 earnings per share. The firm's quarterly 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. Equities research 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, Director Reed Hastings sold 407,550 shares of the company's stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $93.13, for a total transaction of $37,955,131.50. Following the completion of the transaction, the director directly owned 3,940 shares of the company's stock, valued at approximately $366,932.20. This represents a 99.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David A. Hyman sold 5,722 shares of the company's stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $88.08, for a total transaction of $503,993.76. Following the transaction, the insider directly owned 316,100 shares of the company's stock, valued at approximately $27,842,088. This trade represents a 1.78% 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. Over the last quarter, insiders sold 1,458,944 shares of company stock valued at $138,141,007. 1.37% of the stock is currently owned by insiders.

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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