Netflix, Inc. $NFLX Shares Purchased by Choreo LLC

Key Points

• Choreo LLC boosted its Netflix stake by 833.1% in Q4 to 191,333 shares (≈$18.08M), and several large institutions (e.g., Sumitomo Mitsui, Nordea, Assenagon, MFS, Aberdeen) also added massive positions, leaving institutional ownership at about 80.93%.
• Insiders sold heavily last quarter — 1,543,023 shares worth $141.15M were disposed of, including Reed Hastings' sale of 420,550 shares under a Rule 10b5‑1 plan, leaving insiders with just 1.37% ownership.
• Netflix slightly beat Q4 estimates (EPS $0.56 vs. $0.55; revenue $12.05B vs. $11.97B), has drawn analyst upgrades and a consensus “Moderate Buy” rating with an average price target of $115.50, while Q1 earnings (April 16) remain the near‑term catalyst.

Choreo LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 833.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 191,333 shares of the Internet television network's stock after acquiring an additional 170,828 shares during the quarter. Choreo LLC's holdings in Netflix were worth $18,082,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of NFLX. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Netflix by 891.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,099,908 shares of the Internet television network's stock valued at $1,134,487,000 after acquiring an additional 10,879,276 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Netflix by 886.6% during the fourth quarter. Nordea Investment Management AB now owns 9,667,997 shares of the Internet television network's stock valued at $902,798,000 after acquiring an additional 8,688,113 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings 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 valued at $584,529,000 after acquiring an additional 5,658,740 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Netflix by 430.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,738,241 shares of the Internet television network's stock valued at $631,777,000 after acquiring an additional 5,468,262 shares in the last quarter. Finally, Aberdeen Group plc increased its holdings in shares of Netflix by 878.7% during the fourth quarter. Aberdeen Group plc now owns 3,243,837 shares of the Internet television network's stock valued at $304,142,000 after acquiring an additional 2,912,392 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $103.02 on Monday. The business's 50 day moving average price is $89.88 and its 200 day moving average price is $98.97. The firm has a market cap of $434.96 billion, a P/E ratio of 40.77, a P/E/G ratio of 1.56 and a beta of 1.67. 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 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.51.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Tuesday, January 20th. The Internet television network reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. Netflix had a return on equity of 43.26% and a net margin of 24.30%.The firm had revenue of $12.05 billion for the quarter, compared to analyst estimates of $11.97 billion. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Netflix's revenue for the quarter was up 17.6% on a year-over-year basis. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. On average, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insiders Place Their Bets

In other Netflix news, Director Reed Hastings sold 420,550 shares of the company's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $95.49, for a total value of $40,158,319.50. Following the sale, the director owned 3,940 shares in the company, valued at approximately $376,230.60. This represents a 99.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David A. Hyman sold 5,727 shares of the company's stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $81.06, for a total value of $464,230.62. Following the completion of the sale, the insider owned 316,100 shares in the company, valued at approximately $25,623,066. This represents a 1.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,543,023 shares of company stock worth $141,145,842. Corporate insiders own 1.37% of the company's stock.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Multiple analyst upgrades and price-target raises lift sentiment — Wedbush bumped its target and kept an Outperform rating, Morgan Stanley raised its target and maintained Overweight, and HSBC lifted its target while keeping a Buy. These moves point to growing confidence in Netflix’s revenue and margin outlook. Wedbush price-target raise
• Positive Sentiment: Ad-supported tier is scaling and lowering churn, which analysts say boosts advertiser confidence and monetization — a key driver for revenue upside and margin expansion. Ad-tier traction
• Positive Sentiment: Analysts expect stronger operating margins and more buybacks — one analyst notes Netflix could lift its 2026 operating-margin guide toward ~32% while sustaining mid-teens revenue growth, supporting higher EPS and potential share repurchases. Margin/ buyback outlook
• Positive Sentiment: Institutional buying: several high-profile funds increased Netflix positions after the Warner Bros. deal fell through, signaling conviction from big investors. That institutional demand is propping up the stock into earnings. Hedge funds adding
• Neutral Sentiment: Upcoming catalyst: Q1 earnings on April 16 is the immediate event — positive prints on ad revenue, pricing, or margins could extend the rally; a miss could reverse gains. Earnings catalyst
• Neutral Sentiment: Media/market commentary highlights Netflix’s steady revenue growth versus peers and frames the stock as a durable streaming leader; useful context but not immediate price drivers. Industry comparisons
• Negative Sentiment: Balance-sheet nuance: coverage points to roughly $7.4B in stock-option obligations that can act like hidden leverage — a reminder for investors watching capital allocation and net-debt metrics. Hidden option liability
• Negative Sentiment: Post-earnings volatility risk — options-market patterns suggest a “sawtooth” and potential for a sharp move after the print; that raises short-term risk even if fundamentals look sound. Options volatility risk

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NFLX shares. KeyCorp set a $110.00 price objective on shares of Netflix and gave the company an "overweight" rating in a report on Friday, January 16th. Sanford C. Bernstein reiterated a "buy" rating on shares of Netflix in a research report on Wednesday, February 18th. Huber Research upgraded Netflix from a "strong sell" rating to a "strong-buy" rating in a research report on Friday, February 27th. Bank of America dropped their target price on Netflix from $149.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, March 6th. Finally, Morgan Stanley upped their target price on Netflix from $110.00 to $115.00 and gave the company an "overweight" rating in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating and twelve have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $115.50.

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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