Netflix, Inc. $NFLX Shares Bought by Conning Inc.

Key Points

• Conning Inc. boosted its Netflix stake by 764% in the fourth quarter, buying an additional 20,078 shares to bring its total to 22,706 shares valued at about $2.13 million.
• Institutional ownership of Netflix remains very high, with several other funds increasing positions; overall, 80.93% of the stock is owned by institutional investors and hedge funds.
• Netflix insiders were active sellers, including CEO Gregory K. Peters and CFO Spencer Adam Neumann, while analysts remain broadly positive with a Moderate Buy consensus and an average price target of $114.82.

Conning Inc. raised its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 764.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 22,706 shares of the Internet television network's stock after acquiring an additional 20,078 shares during the period. Conning Inc.'s holdings in Netflix were worth $2,129,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NFLX. Brighton Jones LLC raised its holdings in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after acquiring an additional 257 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after acquiring an additional 144 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in Netflix by 21.2% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,406 shares of the Internet television network's stock valued at $1,883,000 after acquiring an additional 246 shares during the last quarter. Strategic Investment Advisors MI raised its holdings in Netflix by 18.9% in the 2nd quarter. Strategic Investment Advisors MI now owns 774 shares of the Internet television network's stock valued at $1,036,000 after acquiring an additional 123 shares during the last quarter. Finally, Schnieders Capital Management LLC. raised its holdings in Netflix by 12.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,115 shares of the Internet television network's stock valued at $2,832,000 after acquiring an additional 228 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In related news, CEO Gregory K. Peters sold 27,312 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $88.69, for a total value of $2,422,301.28. Following the completion of the sale, the chief executive officer directly owned 120,931 shares in the company, valued at approximately $10,725,370.39. This represents a 18.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 9,253 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $88.95, for a total value of $823,054.35. Following the completion of the sale, the chief financial officer owned 73,787 shares of the company's stock, valued at approximately $6,563,353.65. This represents a 11.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,422,769 shares of company stock worth $135,144,073 in the last quarter. 1.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several analyst reports. KeyCorp reiterated an "overweight" rating and issued a $115.00 price target (up from $108.00) on shares of Netflix in a report on Tuesday, April 14th. Freedom Capital upgraded Netflix from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 27th. Erste Group Bank downgraded Netflix from a "buy" rating to a "hold" rating in a report on Monday, April 27th. The Goldman Sachs Group upgraded Netflix from a "neutral" rating to a "buy" rating in a report on Monday, April 13th. Finally, Cfra upgraded Netflix from a "hold" rating to a "buy" rating and set a $115.00 price objective for the company in a report on Friday, March 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and sixteen have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $114.82.

Netflix Trading Down 0.7%

NFLX stock opened at $86.94 on Friday. The company has a market cap of $366.09 billion, a price-to-earnings ratio of 28.08, a PEG ratio of 1.11 and a beta of 1.55. 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 business has a fifty day simple moving average of $94.98 and a 200-day simple moving average of $94.94. Netflix, Inc. has a 52 week low of $75.01 and a 52 week 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 EPS 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 business had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.17 billion. During the same period in the prior year, the firm posted $6.61 EPS. The business's revenue for the quarter was up 16.2% on a year-over-year basis. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, equities research analysts expect that Netflix, Inc. will post 3.6 EPS for the current year.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix deepened its relationship with the NFL, extending the deal through the 2029-30 season and adding more live games, including major 2026 matchups. Investors may view this as a way to boost engagement, ad inventory, and subscriber growth. Article Title
• Positive Sentiment: Several analysts stayed bullish after Netflix’s 2026 upfront event, citing strong ad-tier expansion, better ad tech, and the company’s path toward becoming “global TV.” JPMorgan reiterated Overweight with a $118 target, while Citi and Evercore also backed the stock. Article Title
• Positive Sentiment: Netflix announced a new AI animation studio called “INKubator,” which could support faster, lower-cost content production and signal more innovation in its content pipeline. Article Title
• Positive Sentiment: Netflix also unveiled more entertainment and live-event initiatives, including a KPop Demon Hunters concert tour and additional live programming, reinforcing the company’s strategy to turn hit IP into broader monetization opportunities. Article Title
• Neutral Sentiment: Raymond James maintained a Hold rating, noting promising ad growth but uncertainty around how quickly Netflix can monetize that momentum and sustain engagement. Article Title
• Negative Sentiment: Broader streaming commentary remains mixed, with some articles highlighting Netflix’s recent share weakness and ongoing competition in the streaming landscape, suggesting investors still want proof that recent content and ad investments translate into stronger financial results. Article Title

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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