Neuberger Berman Group LLC Purchases 35,696 Shares of Netflix, Inc. $NFLX

Key Points

• Neuberger Berman Group LLC raised its Netflix stake by 9.1%, buying 35,696 shares to hold 428,580 shares valued at about $513.8 million (roughly 0.10% of the company).
• Q4 earnings beat: Netflix reported $0.56 EPS and $12.05 billion in revenue (up 17.6% YoY), set Q1 2026 EPS guidance of $0.76, and trades with a market cap near $418 billion and a consensus price target around $115.79.
• Major catalysts and risks: Netflix walked away from the Warner Bros. Discovery deal and secured a breakup fee, acquired AI filmmaking startup InterPositive and earned a CFRA upgrade, but insiders sold roughly 1.52 million shares (~$137 million) in the last three months.

Neuberger Berman Group LLC raised its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 9.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 428,580 shares of the Internet television network's stock after purchasing an additional 35,696 shares during the quarter. Neuberger Berman Group LLC owned 0.10% of Netflix worth $513,833,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NFLX. Vanguard Group Inc. raised its holdings in Netflix by 0.4% during the third quarter. Vanguard Group Inc. now owns 38,521,322 shares of the Internet television network's stock valued at $46,183,983,000 after acquiring an additional 142,238 shares during the period. State Street Corp grew its position in shares of Netflix by 2.1% during the second quarter. State Street Corp now owns 17,444,013 shares of the Internet television network's stock worth $23,359,801,000 after purchasing an additional 360,604 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Netflix by 2.4% during the second quarter. Geode Capital Management LLC now owns 9,926,733 shares of the Internet television network's stock worth $13,234,278,000 after purchasing an additional 229,182 shares in the last quarter. Norges Bank bought a new stake in Netflix during the 2nd quarter valued at approximately $7,929,645,000. Finally, Laurel Wealth Advisors LLC raised its stake in Netflix by 128,553.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,881,129 shares of the Internet television network's stock valued at $6,536,466,000 after purchasing an additional 4,877,335 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

NASDAQ NFLX opened at $99.02 on Friday. The business's 50 day moving average price is $86.30 and its 200-day moving average price is $103.69. Netflix, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $134.12. The company has a market cap of $418.08 billion, a P/E ratio of 39.18, a P/E/G ratio of 1.41 and a beta of 1.68. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.19.

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

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix walked away from its pursuit of Warner Bros. Discovery, securing a multi-billion-dollar breakup fee and removing an acquisition overhang that pressured the stock; management is refocusing on core streaming, ads and technology which investors view as capital-efficient. Netflix (NFLX) Is Up 16.6% After Walking Away From Warner Bros. Deal and Securing Breakup Fee
• Positive Sentiment: Netflix acquired InterPositive, Ben Affleck’s AI filmmaking startup, bringing the team in-house to build creator-focused production tools — a tech-forward move that supports cheaper, faster content production and reinforces Netflix’s AI strategy. Netflix buys Ben Affleck's AI filmmaking company InterPositive
• Positive Sentiment: CFRA upgraded Netflix to a "buy" with a $115 price target, adding fresh analyst endorsement that supports further upside. Benzinga - CFRA Upgrade
• Positive Sentiment: Analysts and commentators argue walking away from the WBD deal may benefit shareholders by preserving capital and focusing management on margin-accretive growth rather than a massive, risky acquisition. Why Netflix Rejecting Warner Bros Discovery May Benefit Shareholders
• Neutral Sentiment: Bank of America lowered its price target (from $149 to $125) but kept a "buy" rating — a mixed read: still supportive but reflecting more conservative upside assumptions. Benzinga - BofA Lowers Price Target
• Neutral Sentiment: Reports show external investors (including filings tied to President Trump’s trust) bought Netflix debt during the M&A drama — notable market activity but not a direct equity catalyst. Trump Was Quietly Loading Up On Netflix Bonds — While Talking Down Its Warner Bid
• Negative Sentiment: Insider selling: the CFO and other insiders have recently sold shares (large director/Chairman sales were reported), which can create investor concern about timing and leadership selling into strength. Insider Selling: Netflix CFO Sells Stock Netflix Chairman Reed Hastings Cashed Out $39.8M

Insider Activity at Netflix

In other Netflix news, Director Reed Hastings sold 426,290 shares of the business's stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $91.67, for a total transaction of $39,078,004.30. Following the completion of the transaction, the director owned 3,940 shares in the company, valued at $361,179.80. The trade was a 99.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Hyman sold 23,439 shares of the company's stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $88.11, for a total value of $2,065,210.29. Following the transaction, the insider directly owned 316,100 shares in the company, valued at approximately $27,851,571. This represents a 6.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,520,133 shares of company stock worth $137,259,786 in the last three months. 1.37% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on NFLX. Robert W. Baird cut their price objective on shares of Netflix from $150.00 to $120.00 and set an "outperform" rating for the company in a report on Friday, January 23rd. New Street Research lowered their target price on shares of Netflix from $100.00 to $96.00 and set a "neutral" rating on the stock in a report on Thursday, January 22nd. JPMorgan Chase & Co. began coverage on shares of Netflix in a research note on Monday, March 2nd. They set an "overweight" rating and a $120.00 target price for the company. Wedbush reiterated an "outperform" rating and issued a $115.00 price target on shares of Netflix in a report on Friday, February 20th. Finally, Loop Capital set a $104.00 target price on Netflix in a report on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $115.79.

About Netflix

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.