Netflix, Inc. $NFLX Shares Acquired by Meridian Wealth Management LLC

Key Points

• Meridian Wealth Management LLC boosted its Netflix stake by 1,036.4% in the fourth quarter, ending with 86,920 shares valued at about $8.15 million.
• Several other institutional investors also increased their holdings, and hedge funds and institutions now own 80.93% of Netflix shares.
• Netflix reported stronger-than-expected quarterly results, with $1.23 EPS versus $0.76 expected and revenue of $12.25 billion; however, the stock was trading down about 2.3% and insiders, including Reed Hastings and CFO Spencer Neumann, sold shares recently.

Meridian Wealth Management LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1,036.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,920 shares of the Internet television network's stock after purchasing an additional 79,271 shares during the period. Meridian Wealth Management LLC's holdings in Netflix were worth $8,150,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Netflix by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 38,521,322 shares of the Internet television network's stock valued at $46,183,983,000 after purchasing an additional 142,238 shares during the last quarter. Checchi Capital Advisers LLC lifted its position in Netflix by 875.7% during the 4th quarter. Checchi Capital Advisers LLC now owns 31,143 shares of the Internet television network's stock worth $2,920,000 after acquiring an additional 27,951 shares during the period. Contravisory Investment Management Inc. lifted its position in Netflix by 837.2% during the 4th quarter. Contravisory Investment Management Inc. now owns 111,380 shares of the Internet television network's stock worth $10,443,000 after acquiring an additional 99,496 shares during the period. Crew Capital Management Ltd lifted its position in Netflix by 1,021.9% during the 4th quarter. Crew Capital Management Ltd now owns 9,031 shares of the Internet television network's stock worth $847,000 after acquiring an additional 8,226 shares during the period. Finally, BNC Wealth Management LLC lifted its position in Netflix by 991.3% during the 4th quarter. BNC Wealth Management LLC now owns 41,229 shares of the Internet television network's stock worth $3,866,000 after acquiring an additional 37,451 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling

In other Netflix news, Director Reed Hastings sold 420,550 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $95.49, for a total value of $40,158,319.50. Following the completion of the transaction, the director directly owned 3,940 shares of the company's stock, valued at approximately $376,230.60. This trade represents a 99.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Adam Neumann sold 57,260 shares of the stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $95.50, for a total transaction of $5,468,330.00. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares of the company's stock, valued at approximately $7,046,658.50. This trade represents a 43.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,422,769 shares of company stock valued at $135,144,073 in the last 90 days. 1.37% of the stock is owned by corporate insiders.

Netflix Trading Down 2.3%

Shares of NFLX stock opened at $85.45 on Tuesday. The business's fifty day moving average price is $95.55 and its 200 day moving average price is $95.62. Netflix, Inc. has a 1-year low of $75.01 and a 1-year high of $134.12. The firm has a market capitalization of $359.81 billion, a PE ratio of 27.60, a P/E/G ratio of 1.11 and a beta of 1.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41.

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, topping analysts' consensus estimates of $0.76 by $0.47. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The firm had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.17 billion. During the same quarter in the prior year, the company posted $6.61 earnings per share. Netflix's quarterly revenue was up 16.2% on a year-over-year basis. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, sell-side analysts forecast that Netflix, Inc. will post 3.6 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on NFLX shares. KeyCorp reaffirmed an "overweight" rating and set a $115.00 price objective (up from $108.00) on shares of Netflix in a research report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft increased their price objective on Netflix from $98.00 to $100.00 and gave the stock a "hold" rating in a research report on Tuesday, April 14th. Robert W. Baird lowered their target price on shares of Netflix from $150.00 to $120.00 and set an "outperform" rating on the stock in a report on Friday, January 23rd. Moffett Nathanson lifted their target price on shares of Netflix from $115.00 to $120.00 and gave the company a "buy" rating in a report on Tuesday, April 14th. Finally, UBS Group set a $104.00 target price on shares of Netflix in a report on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and fifteen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus 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: Netflix raised prices on its ad-free standard plan, which could lift average revenue per user and support profitability as streaming services push harder to monetize heavy viewing. With Netflix new ad-free standard plan at $20, streaming's tipping point into old TV is getting closer
• Positive Sentiment: Netflix continues to benefit from high-profile original content and promotional events, including “The Roast of Kevin Hart,” which helps keep the platform in the entertainment conversation. Tom Brady Hits On Kevin Hart's Wife During Netflix is a Joke Roast - TMZ
• Neutral Sentiment: Netflix was mentioned in broader media-industry coverage around TV upfronts and ad spending, but the article was more about sector trends than a company-specific catalyst. At TV upfronts, AI is in and corporate shuffles are reshaping the line-up
• Negative Sentiment: Texas Attorney General Ken Paxton filed a lawsuit accusing Netflix of spying on users, collecting data without consent, and designing its platform to be addictive, creating headline risk and potential legal costs. Netflix sued by Texas for allegedly spying on consumers
• Negative Sentiment: Another report highlighted alleged data collection of children without consent, reinforcing investor concerns about regulation and privacy-related liabilities. Texas Sues Netflix for Alleged Data Collection of Children Without Consent
• Negative Sentiment: Netflix also saw insider-selling coverage, with the CFO selling shares, which can add to bearish sentiment even if it is not necessarily a fundamental red flag. Insider Selling: Netflix NASDAQ: NFLX CFO Sells $823,054.35 in Stock

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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