Netflix, Inc. $NFLX Shares Bought by Resonant Capital Advisors LLC

Key Points

• Resonant Capital Advisors LLC raised its Netflix stake 739.8% in Q4, buying an additional 19,324 shares to hold 21,936 shares worth about $2.06 million as of its latest 13F filing.
• Netflix’s board approved a $25 billion open-ended share buyback that helped stabilize the stock after a post-earnings selloff; the company beat Q1 estimates (EPS $1.23 vs. $0.76, revenue $12.25B) but issued weak Q2 guidance (EPS 0.78), highlighting near-term churn risk.
• Insiders have been net sellers recently—1,487,794 shares sold in the last 90 days valued at about $136.26 million—while institutional ownership sits at ~80.9% and analysts rate Netflix an average "Moderate Buy" with a $114.53 price target.

Resonant Capital Advisors LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 739.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,936 shares of the Internet television network's stock after buying an additional 19,324 shares during the period. Resonant Capital Advisors LLC's holdings in Netflix were worth $2,057,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Hengehold Capital Management LLC raised its stake in Netflix by 3.3% in the third quarter. Hengehold Capital Management LLC now owns 282 shares of the Internet television network's stock valued at $338,000 after buying an additional 9 shares in the last quarter. Financial Partners Group Inc raised its stake in Netflix by 0.9% in the third quarter. Financial Partners Group Inc now owns 969 shares of the Internet television network's stock valued at $1,162,000 after buying an additional 9 shares in the last quarter. Seascape Capital Management raised its stake in Netflix by 1.6% in the third quarter. Seascape Capital Management now owns 568 shares of the Internet television network's stock valued at $681,000 after buying an additional 9 shares in the last quarter. Crews Bank & Trust raised its stake in Netflix by 5.8% in the third quarter. Crews Bank & Trust now owns 164 shares of the Internet television network's stock valued at $197,000 after buying an additional 9 shares in the last quarter. Finally, Apriem Advisors raised its stake in Netflix by 0.6% in the third quarter. Apriem Advisors now owns 1,567 shares of the Internet television network's stock valued at $1,879,000 after buying an additional 9 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of analyst reports. William Blair restated an "outperform" rating on shares of Netflix in a research note on Wednesday, January 21st. Seaport Research Partners raised their price target on Netflix from $115.00 to $119.00 and gave the company a "buy" rating in a research note on Friday, April 17th. Cfra upgraded Netflix from a "hold" rating to a "buy" rating and set a $115.00 price target on the stock in a research note on Friday, March 6th. Wells Fargo & Company began coverage on Netflix in a report on Monday, March 9th. They set an "equal weight" rating and a $105.00 price objective on the stock. Finally, Rothschild & Co Redburn set a $120.00 price objective on Netflix in a report on Wednesday, January 21st. 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $114.53.

Insider Buying and Selling at Netflix

In related news, insider David A. Hyman sold 5,727 shares of the business's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $81.06, for a total value of $464,230.62. Following the transaction, the insider owned 316,100 shares in the company, valued at $25,623,066. The trade was a 1.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 28,630 shares of the business's stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $98.00, for a total value of $2,805,740.00. Following the completion of the transaction, the chief financial officer owned 73,787 shares in the company, valued at $7,231,126. This trade represents a 27.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,487,794 shares of company stock valued at $136,255,772. Corporate insiders own 1.37% of the company's stock.

Key Headlines Impacting Netflix

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 Stock Performance

Shares of NFLX stock opened at $92.37 on Friday. The stock's 50-day moving average is $93.60 and its two-hundred day moving average is $97.70. The firm has a market cap of $388.94 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 1.20 and a beta of 1.67. Netflix, Inc. has a 1 year low of $75.01 and a 1 year high of $134.12. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.19 and a current ratio of 1.41.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data 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. The company 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 business's quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the company posted $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Analysts predict that Netflix, Inc. will post 3.53 earnings per share for the current year.

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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