Netflix, Inc. $NFLX Shares Bought by AMG National Trust Bank

Key Points

• AMG National Trust Bank boosted its Netflix stake by 822.8% in Q4 to 21,170 shares worth $1.985 million, while several large institutions (Vanguard, Baillie Gifford, Sumitomo Mitsui, Nordea, Assenagon) also made massive purchases, leaving roughly 80.93% of Netflix held by institutions.
• Netflix beat Q1 expectations with $1.23 EPS (vs. $0.76 est.) and $12.25B revenue, showing healthy margins, but set modest Q2 guidance at $0.78 EPS, and analysts hold a consensus "Moderate Buy" target of about $114.82.
• Corporate governance and insider activity present mixed signals: co‑founder Reed Hastings is stepping away, and insiders sold about 1.49 million shares (~$136.3M) in the last 90 days, while insiders still own roughly 1.37% of the company.

AMG National Trust Bank lifted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 822.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,170 shares of the Internet television network's stock after acquiring an additional 18,876 shares during the period. AMG National Trust Bank's holdings in Netflix were worth $1,985,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in NFLX. Vanguard Group Inc. raised its holdings in shares of Netflix by 912.5% in the 4th quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network's stock worth $36,567,805,000 after purchasing an additional 351,493,659 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, Assenagon Asset Management S.A. raised its position in shares of Netflix by 983.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 6,234,314 shares of the Internet television network's stock worth $584,529,000 after purchasing an additional 5,658,740 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Q1 results and profitability showing strength (revenue and EPS beat, healthy margins) supporting the bull case. Netflix NASDAQ: NFLX Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
• Positive Sentiment: Piper Sandler lifted its price target to $115 and kept an Overweight rating after Q1, signaling continued analyst confidence in the recovery trajectory. Netflix, Inc. (NFLX): One of the Best Big Name Stocks to Buy
• Positive Sentiment: Bullish commentary and feature pieces argue the pullback is a buying opportunity for long‑term investors, reinforcing demand from value‑oriented buyers. Netflix Stock Is Down 32%. Here's Why It's a Screaming Buy.
• Positive Sentiment: Standalone bullish takeaways (analyst/upside stories and price‑target raises) and promotional pieces (e.g., “$25 billion reason to buy”) are adding incremental positive flow. A $25 Billion Reason to Buy Netflix Stock in April 2026
• Neutral Sentiment: Management is shifting capital allocation to prioritize profit discipline and diversify into ads, live sports, gaming and experiences — a strategic positive long term but a source of near‑term uncertainty as margins reset. Netflix Weighs Profit Discipline Against Growth In Sports Gaming Experiences
• Neutral Sentiment: Market commentary offers mixed views — some investors say it’s a buy at current levels, others say valuation still looks rich versus near‑term risk. I Want to Buy Netflix Stock, Just Not at This Price
• Neutral Sentiment: Regional viewing data: Netflix usage in Australia is strong overall, but viewers favor non‑local content — a programming/market mix datapoint without immediate earnings impact. Netflix Audiences In Australia Are Booming, But Report Finds They Aren't Watching Local Content
• Negative Sentiment: Bernstein trimmed its price target (from $115 to $110) citing near‑term margin pressure — a reminder investors are watching cost control as Netflix scales content, ads and new initiatives. Bernstein Reduces PT on Netflix (NFLX) on Near Term Margin Concerns
• Negative Sentiment: Erste downgraded the stock from buy to hold, reflecting some analyst caution after the run and amid margin/growth tradeoffs. Finviz analyst note (Erste downgrade)
• Negative Sentiment: Co‑founder Reed Hastings is stepping away from the company — a governance/leadership change that can introduce investor nervousness despite management continuity. Netflix Co-Founder Reed Hastings Is Leaving the Company. What Does This Mean for the Stock?
• Negative Sentiment: Q2 guidance and near‑term EPS cadence remain modest (management set relatively low Q2 EPS guidance), which keeps focus on execution and margins and caps near‑term upside.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 5,727 shares of the stock in a transaction 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 transaction, the insider owned 316,100 shares in the company, valued at $25,623,066. This represents a 1.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 57,260 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $95.50, for a total transaction of $5,468,330.00. Following the transaction, the chief financial officer owned 73,787 shares in the company, valued at approximately $7,046,658.50. This trade represents a 43.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,487,794 shares of company stock worth $136,255,772. Company insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of recent analyst reports. Rosenblatt Securities cut their target price on Netflix from $96.00 to $95.00 and set a "neutral" rating on the stock in a research report on Friday, April 17th. Cfra upgraded Netflix from a "hold" rating to a "buy" rating and set a $115.00 price target for the company in a research report on Friday, March 6th. Rothschild & Co Redburn set a $120.00 price target on Netflix in a research report on Wednesday, January 21st. JPMorgan Chase & Co. reiterated a "buy" rating on shares of Netflix in a research report on Wednesday, April 22nd. Finally, Moffett Nathanson increased their price target on Netflix from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $114.82.

Netflix Stock Up 1.0%

Netflix stock opened at $92.32 on Wednesday. The firm has a market cap of $388.72 billion, a PE ratio of 29.82, a P/E/G ratio of 1.19 and a beta of 1.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41. The firm's 50 day moving average price is $94.19 and its two-hundred day moving average price is $97.18. 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 released its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.47. The firm had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The company's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, research analysts predict that Netflix, Inc. will post 3.53 EPS for the current fiscal 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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