Netflix, Inc. $NFLX Stock Holdings Lifted by Portside Wealth Group LLC

Key Points

• Portside Wealth Group LLC boosted its Netflix stake by 808.0% in Q4 to 65,243 shares (about $6.12M), and several large institutions (e.g., Nordea, Assenagon, Aberdeen) also made substantial buys, leaving institutional investors with roughly 80.93% ownership.
• Significant insider selling occurred recently—CEO Gregory K. Peters sold 27,312 shares and director Reed Hastings sold 420,550 shares—and insiders disposed of 1,543,023 shares (≈$141.1M) last quarter, leaving insiders with 1.37% ownership.
• Analyst sentiment and catalysts are tilted positive: Goldman Sachs upgraded Netflix to Buy with a $120 target, and management’s price hikes, faster ad-revenue growth, live-sports strategy and a new kids gaming app (Netflix Playground) are cited as drivers ahead of Q1 earnings on April 16.

Portside Wealth Group LLC raised its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 808.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,243 shares of the Internet television network's stock after purchasing an additional 58,058 shares during the quarter. Netflix makes up approximately 0.8% of Portside Wealth Group LLC's holdings, making the stock its 23rd biggest position. Portside Wealth Group LLC's holdings in Netflix were worth $6,117,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NFLX. Nordea Investment Management AB grew its position in Netflix by 886.6% in the fourth quarter. Nordea Investment Management AB now owns 9,667,997 shares of the Internet television network's stock worth $902,798,000 after acquiring an additional 8,688,113 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Netflix by 983.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 6,234,314 shares of the Internet television network's stock worth $584,529,000 after acquiring an additional 5,658,740 shares in the last quarter. Aberdeen Group plc grew its position in Netflix by 878.7% in the fourth quarter. Aberdeen Group plc now owns 3,243,837 shares of the Internet television network's stock worth $304,142,000 after acquiring an additional 2,912,392 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Netflix by 870.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,014,717 shares of the Internet television network's stock worth $274,309,000 after acquiring an additional 2,703,997 shares in the last quarter. Finally, Sarasin & Partners LLP grew its position in Netflix by 2,758.1% in the fourth quarter. Sarasin & Partners LLP now owns 2,361,663 shares of the Internet television network's stock worth $221,430,000 after acquiring an additional 2,279,032 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Transactions at Netflix

In other Netflix news, CEO Gregory K. Peters sold 27,312 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $83.24, for a total value of $2,273,450.88. Following the completion of the sale, the chief executive officer directly owned 122,140 shares of the company's stock, valued at $10,166,933.60. This represents a 18.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Reed Hastings sold 420,550 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $95.49, for a total transaction of $40,158,319.50. Following the completion of the sale, the director directly owned 3,940 shares of the company's stock, valued at approximately $376,230.60. This trade represents a 99.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 1,543,023 shares of company stock worth $141,145,842. 1.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NFLX shares. Huber Research upgraded Netflix from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, February 27th. JPMorgan Chase & Co. started coverage on Netflix in a research note on Monday, March 2nd. They set an "overweight" rating and a $120.00 price target for the company. Arete Research upgraded Netflix from a "neutral" rating to a "buy" rating in a research note on Friday, February 27th. KeyCorp set a $110.00 price target on Netflix and gave the stock an "overweight" rating in a research note on Friday, January 16th. Finally, Citic Securities decreased their price target on Netflix from $109.00 to $95.00 and set a "hold" rating for the company in a research note on Monday, January 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $115.10.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Goldman Sachs upgraded NFLX to Buy and raised its 12‑month price target to $120, citing improving revenue durability, operating leverage and shareholder returns — a major catalyst for the stock rally this morning. Goldman Sachs resets Netflix stock price target for rest of 2026
• Positive Sentiment: Analysts and press point to Netflix’s recent price hikes, faster ad-revenue growth and selective live‑sports strategy as margin drivers that support higher profitability and valuation upside. Netflix Rises as Price Hikes, Ad Revenue Growth, and Live Sports Signal a New Phase of Profitability
• Positive Sentiment: Product expansion: Netflix launched “Netflix Playground,” an ad‑free kids gaming app built on its IP — a user‑engagement play that supports stickiness, potential ARPU lift for families, and cross‑sell opportunities. Netflix debuts new 'Playground' gaming app for kids
• Neutral Sentiment: Upcoming catalyst: Q1 2026 earnings are due April 16. Market expectations are mixed but some analysts and note‑writers argue Netflix has multiple levers (price, ads, breakup fee) that could produce an earnings beat — the report will likely swing sentiment sharply. Will Netflix Inc (NFLX) beat quarterly earnings?
• Neutral Sentiment: Strategic relief: analysts note Netflix may benefit after losing the Warner Bros. auction (avoids massive acquisition cost and may receive breakup fee), a development reframed as financially constructive by some commentators. Why Netflix stands to get richer after losing Warner Bros. bidding war
• Negative Sentiment: Insider activity: Netflix’s CFO sold roughly $2.8M of stock recently — a small red flag for some traders that can add near‑term pressure or be used by bears as a talking point. Insider Selling: Netflix NASDAQ: NFLX CFO Sells $2,805,740.00 in Stock

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $98.93 on Tuesday. The business has a 50 day moving average price of $88.55 and a 200 day moving average price of $99.57. Netflix, Inc. has a twelve month low of $75.01 and a twelve month high of $134.12. The company has a market cap of $417.70 billion, a price-to-earnings ratio of 39.15, a PEG ratio of 1.50 and a beta of 1.67. 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 announced its earnings results on Tuesday, January 20th. The Internet television network reported $0.56 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $11.97 billion. During the same quarter in the prior year, the company earned $0.43 EPS. The firm's revenue for the quarter was up 17.6% compared to the same quarter last year. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. Research analysts predict that Netflix, Inc. will post 24.58 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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