Netflix, Inc. $NFLX Shares Purchased by SlateStone Wealth LLC

Key Points

• SlateStone Wealth LLC sharply increased its Netflix stake by 1,564.7% in the fourth quarter, ending with 13,484 shares worth about $1.26 million.
• Netflix reported strong quarterly results, posting $1.23 EPS versus the $0.76 estimate and revenue of $12.25 billion, which topped expectations and rose 16.2% year over year.
• Despite recent stock weakness, analysts remain broadly positive on Netflix, with a consensus rating of Moderate Buy and an average price target of $114.82.

SlateStone Wealth LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1,564.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,484 shares of the Internet television network's stock after acquiring an additional 12,674 shares during the period. SlateStone Wealth LLC's holdings in Netflix were worth $1,264,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Imprint Wealth LLC acquired a new stake in Netflix in the 3rd quarter worth about $25,000. First Financial Corp IN boosted 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 buying an additional 243 shares during the last quarter. DiNuzzo Private Wealth Inc. lifted its stake in Netflix by 885.2% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network's stock worth $25,000 after purchasing an additional 239 shares in the last quarter. Turning Point Benefit Group Inc. lifted its stake in Netflix by 13,400.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network's stock worth $25,000 after purchasing an additional 268 shares in the last quarter. Finally, MB Levis & Associates LLC lifted its stake 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 purchasing an additional 192 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Up 0.8%

NFLX stock opened at $82.18 on Friday. The firm has a market cap of $346.04 billion, a PE ratio of 26.54, a PEG ratio of 1.04 and a beta of 1.50. 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 $92.21 and its 200-day moving average price is $92.20. Netflix, Inc. has a one year low of $75.01 and a one year high of $134.12.

Netflix (NASDAQ:NFLX - Get Free Report) last released 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 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 business's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, equities research analysts anticipate 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 is getting a boost from reports that Canada reversed a requirement that U.S. streaming services contribute part of local revenue to Canadian content, removing a potential cost/regulatory headwind. Netflix Stock Rises After Eight-Day Losing Streak. What’s Fueling the Move.
• Positive Sentiment: Netflix is expanding AI-driven viewing tools and content discovery features, including more personalized recommendations and a voice-based interface, which could improve engagement and retention. Netflix Bets On AI Tools As Stock Trades Below Analyst Targets
• Positive Sentiment: Bernstein said Netflix’s core business remains strong, reinforcing the view that the company’s underlying growth engine is intact despite recent weakness in the stock. “Don’t Ignore This,” Bernstein Analyst Says Netflix’s (NFLX) Core Engine Remains Strong
• Positive Sentiment: Wall Street commentary remains broadly optimistic, with analysts keeping a constructive view on Netflix after its strong earnings and revenue beat last quarter. Wall Street Bulls Look Optimistic About Netflix (NFLX): Should You Buy?

Insider Activity

In other news, CFO Spencer Adam Neumann sold 9,253 shares of Netflix stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $88.95, for a total transaction of $823,054.35. Following the sale, the chief financial officer owned 73,787 shares of the company's stock, valued at approximately $6,563,353.65. The trade was a 11.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Theodore A. Sarandos sold 27,312 shares of Netflix stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $87.97, for a total transaction of $2,402,636.64. Following the sale, the chief executive officer directly owned 284,804 shares in the company, valued at approximately $25,054,207.88. The trade was a 8.75% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 1,313,029 shares of company stock worth $120,315,776. 1.24% of the stock is owned by company insiders.

Analysts Set New Price Targets

NFLX has been the topic of a number of research reports. Sanford C. Bernstein reissued an "outperform" rating on shares of Netflix in a research note on Thursday. Huber Research raised shares of Netflix from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, February 27th. Jefferies Financial Group decreased their target price on shares of Netflix from $134.00 to $128.00 and set a "buy" rating on the stock in a research note on Friday, April 17th. Barclays set a $110.00 target price on shares of Netflix and gave the stock an "equal weight" rating in a research note on Friday, April 17th. Finally, Citic Securities raised their target price on shares of Netflix from $95.00 to $107.00 and gave the stock a "hold" rating in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $114.82.

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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