Netflix, Inc. $NFLX Stake Boosted by Harvest Portfolios Group Inc.

Key Points

• Harvest Portfolios Group Inc. dramatically increased its Netflix stake in the fourth quarter, boosting holdings by 1,241.8% to 641,638 shares valued at about $60.2 million.
• Netflix insiders sold shares in recent transactions, including CEO Gregory K. Peters and CEO Theodore A. Sarandos, while insiders collectively sold 1.42 million shares over the last three months.
• Despite some short-term stock weakness, analysts remain generally bullish: Bank of America kept a Buy rating with a $125 price target, and Netflix recently beat earnings and revenue estimates in its latest quarterly report.

Harvest Portfolios Group Inc. grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1,241.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 641,638 shares of the Internet television network's stock after purchasing an additional 593,819 shares during the quarter. Harvest Portfolios Group Inc.'s holdings in Netflix were worth $60,160,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Apriem Advisors grew its holdings in Netflix by 0.6% in the 3rd quarter. Apriem Advisors now owns 1,567 shares of the Internet television network's stock worth $1,879,000 after buying an additional 9 shares in the last quarter. Tortoise Investment Management LLC grew its holdings in Netflix by 10.8% in the 3rd quarter. Tortoise Investment Management LLC now owns 92 shares of the Internet television network's stock worth $110,000 after buying an additional 9 shares in the last quarter. Brass Tax Wealth Management Inc. grew its holdings in Netflix by 3.2% in the 3rd quarter. Brass Tax Wealth Management Inc. now owns 288 shares of the Internet television network's stock worth $345,000 after buying an additional 9 shares in the last quarter. Pacific Sun Financial Corp grew its holdings in Netflix by 1.6% in the 3rd quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network's stock worth $688,000 after buying an additional 9 shares in the last quarter. Finally, CVA Family Office LLC grew its holdings in Netflix by 1.0% in the 3rd quarter. CVA Family Office LLC now owns 1,043 shares of the Internet television network's stock worth $1,250,000 after buying an additional 10 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Transactions at Netflix

In other 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 transaction of $2,422,301.28. Following the completion of the sale, the chief executive officer 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Theodore A. Sarandos sold 27,312 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $87.97, for a total value of $2,402,636.64. Following the sale, the chief executive officer owned 284,804 shares of the company's stock, valued at $25,054,207.88. This trade represents a 8.75% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 1,422,769 shares of company stock valued at $135,144,073 over the last three months. 1.24% of the stock is owned by company insiders.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Bank of America reiterated a Buy rating and a $125 price target, citing Netflix’s advertising business, expanding live sports strategy, and long-term subscriber growth potential. Article Title
• Positive Sentiment: Analysts are becoming more constructive after Netflix’s advertiser presentation, suggesting the company’s ad tier is gaining credibility with Wall Street. Article Title
• Positive Sentiment: Omdia projected connected TV advertising revenue will nearly double by 2030, with Amazon, Netflix, and Google expected to capture a large share, reinforcing the long-term upside in Netflix’s ad business. Article Title
• Positive Sentiment: Netflix is expanding further into consumer products, including candy and toys, which could create additional brand-monetization opportunities beyond streaming. Article Title
• Neutral Sentiment: Several commentary pieces focused on whether Netflix is now “cheap” relative to its history, but these were largely valuation debates rather than fresh fundamental catalysts. Article Title
• Neutral Sentiment: Other articles highlighted long-term upside targets and comparisons to prior performance, but they mainly echoed existing bullish sentiment instead of adding new information. Article Title
• Negative Sentiment: Netflix remains below its 50-day and 200-day moving averages and has lagged the broader market over the past year, showing that investors still have concerns about growth durability and near-term execution. Article Title
• Negative Sentiment: Some coverage noted recent pullbacks tied to weaker guidance and investor skepticism, which continues to weigh on the stock despite solid underlying fundamentals. Article Title

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Morgan Stanley reissued an "overweight" rating on shares of Netflix in a report on Friday, April 17th. Huber Research raised Netflix from a "strong sell" rating to a "strong-buy" rating in a report on Friday, February 27th. Piper Sandler reissued an "overweight" rating and issued a $115.00 price objective (up from $103.00) on shares of Netflix in a report on Friday, April 17th. Rothschild & Co Redburn set a $120.00 price objective on Netflix in a report on Wednesday, January 21st. Finally, HSBC increased their price objective on Netflix from $106.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, April 10th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and sixteen have issued a Hold rating to the company's stock. According to MarketBeat, Netflix currently has an average rating of "Moderate Buy" and an average price target of $114.82.

Netflix Stock Performance

NFLX opened at $89.33 on Wednesday. The company has a market capitalization of $376.15 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 1.14 and a beta of 1.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41. Netflix, Inc. has a 1-year low of $75.01 and a 1-year high of $134.12. The business has a 50 day moving average price of $94.36 and a two-hundred day moving average price of $94.50.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.47. The firm had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The firm's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Research analysts predict that Netflix, Inc. will post 3.6 EPS for the current fiscal year.

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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