Netflix, Inc. $NFLX Shares Bought by Pictet Asset Management Holding SA

Key Points

• Pictet Asset Management Holding SA massively increased its Netflix stake in the fourth quarter by 1,116.8%, buying 5,503,630 shares to hold 5,996,425 shares worth about $562.25 million (0.14% of the company).
• Netflix beat Q1 expectations with $1.23 EPS (vs. $0.76 consensus) and $12.25 billion in revenue, showing a 16.2% year-over-year revenue gain and strong margins.
• Management issued weak Q2 guidance that highlights subscriber churn risk, but the board approved a $25 billion share buyback and analysts largely reaffirmed buy ratings, leaving a MarketBeat consensus of "Moderate Buy" with an average target of $114.53.

Pictet Asset Management Holding SA grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1,116.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,996,425 shares of the Internet television network's stock after buying an additional 5,503,630 shares during the quarter. Pictet Asset Management Holding SA owned 0.14% of Netflix worth $562,254,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NFLX. First Financial Corp IN increased its holdings in Netflix by 900.0% in the 4th quarter. First Financial Corp IN now owns 270 shares of the Internet television network's stock worth $25,000 after acquiring an additional 243 shares in the last quarter. DiNuzzo Private Wealth Inc. grew its position in shares of Netflix by 885.2% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 239 shares during the period. Imprint Wealth LLC purchased a new position in Netflix in the 3rd quarter valued at about $25,000. MB Levis & Associates LLC boosted its holdings in Netflix by 177.8% in the 4th quarter. MB Levis & Associates LLC now owns 300 shares of the Internet television network's stock worth $28,000 after buying an additional 192 shares during the last quarter. Finally, Brown Shipley& Co Ltd boosted its holdings in Netflix by 867.7% in the 4th quarter. Brown Shipley& Co Ltd now owns 300 shares of the Internet television network's stock worth $28,000 after buying an additional 269 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NFLX. Erste Group Bank raised Netflix from a "hold" rating to a "buy" rating in a report on Tuesday, March 24th. Needham & Company LLC reissued a "buy" rating on shares of Netflix in a research note on Friday, April 17th. JPMorgan Chase & Co. restated a "buy" rating on shares of Netflix in a report on Wednesday, April 22nd. DZ Bank reaffirmed a "buy" rating on shares of Netflix in a research note on Friday, April 17th. Finally, Citizens Jmp reaffirmed a "market perform" rating on shares of Netflix in a report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $114.53.

Netflix Price Performance

NFLX stock opened at $92.37 on Monday. Netflix, Inc. has a 52-week low of $75.01 and a 52-week high of $134.12. 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 stock has a market cap of $388.94 billion, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 1.20 and a beta of 1.67. The business has a fifty day moving average of $93.60 and a two-hundred day moving average of $97.57.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, beating the consensus estimate of $0.76 by $0.47. The business had revenue of $12.25 billion for 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%.The company's quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 3.53 earnings per share for the current year.

Insider Transactions at Netflix

In other Netflix news, insider Cletus R. Willems sold 3,136 shares of Netflix stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $82.67, for a total transaction of $259,253.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Spencer Adam Neumann sold 28,630 shares of the business's stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $98.00, for a total transaction of $2,805,740.00. Following the completion of the sale, the chief financial officer directly owned 73,787 shares in the company, valued at $7,231,126. This trade represents a 27.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,487,794 shares of company stock worth $136,255,772 in the last 90 days. Insiders own 1.37% of the company's stock.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Board approved a $25 billion additional share repurchase authorization (no expiration), boosting capital returns and supporting the share price rally. Netflix announces $25 billion share buyback (Reuters)
• Positive Sentiment: Market reaction: the buyback and messaging drove pre-market gains and helped stem the post-earnings selloff. Netflix authorizes fresh $25B buyback (MSN)
• Positive Sentiment: Wall Street support: JPMorgan reaffirmed a Buy on NFLX, and Daiwa raised its price target, both reinforcing investor confidence after the drop. JPMorgan reaffirms Buy (AmericanBankingNews) Daiwa raises price target to $102 (MarketScreener)
• Positive Sentiment: Notable institutional interest — Cathie Wood continued buying shares, signaling conviction from some active growth managers. Cathie Wood keeps buying (Barchart)
• Neutral Sentiment: Industry M&A backdrop: Warner Bros. shareholders approved a large Paramount Skydance acquisition — consolidation could reshape content economics and competitive dynamics, with mixed implications for Netflix (it was the losing bidder). Warner Bros shareholders approve deal (Yahoo Finance)
• Neutral Sentiment: Strategic moves: reports Netflix is in talks to buy Los Angeles studio space — this would be a content-production play that supports long-term content pipeline but is not an immediate earnings driver. Netflix in talks to buy LA studio space (Yahoo Market Chatter)
• Neutral Sentiment: Governance item: Netflix’s board recommended “No” on two shareholder proposals tied to ideological content concerns — likely low short-term financial impact but could matter to activist investors. Board recommends No on proposals (Forbes)
• Negative Sentiment: Guidance and churn risk: management’s weak Q2 guidance after a Q1 beat signaled rising subscriber churn, which sparked the initial selloff and remains the primary near-term headwind for the stock. Buyback-and-chill strategy but guidance weak (The Daily Upside)
• Negative Sentiment: Analyst and market reaction: several pieces discuss the post-earnings selloff and questions about subscriber momentum and valuation — signaling continued volatility until membership trends stabilize. What is next after Q1 guidance selloff (Seeking Alpha)

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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