Operose Advisors LLC Grows Stock Position in Netflix, Inc. $NFLX

Key Points

• Operose Advisors LLC increased its Netflix stake by 943.5% in the fourth quarter, ending with 23,990 shares valued at about $2.25 million.
• Other major institutional investors also sharply boosted their Netflix holdings, and hedge funds now own 80.93% of the company’s stock.
• Netflix posted a stronger-than-expected latest quarter, with EPS of $1.23 versus $0.76 expected and revenue of $12.25 billion, while analysts currently rate the stock a Moderate Buy with a consensus target of $114.82.

Operose Advisors LLC grew its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 943.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,990 shares of the Internet television network's stock after acquiring an additional 21,691 shares during the quarter. Operose Advisors LLC's holdings in Netflix were worth $2,249,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NFLX. Vanguard Group Inc. lifted its position in shares of Netflix by 912.5% in the fourth quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network's stock valued at $36,567,805,000 after acquiring an additional 351,493,659 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Netflix by 892.0% in the fourth quarter. Geode Capital Management LLC now owns 99,598,678 shares of the Internet television network's stock valued at $9,305,336,000 after acquiring an additional 89,558,684 shares in the last quarter. Baillie Gifford & Co. lifted its position in shares of Netflix by 912.3% in the fourth quarter. Baillie Gifford & Co. now owns 36,940,035 shares of the Internet television network's stock valued at $3,463,498,000 after acquiring an additional 33,290,988 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Netflix by 639.9% in the fourth quarter. Jennison Associates LLC now owns 34,871,951 shares of the Internet television network's stock valued at $3,269,594,000 after acquiring an additional 30,158,900 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Netflix by 916.1% in the fourth quarter. Legal & General Group Plc now owns 26,522,252 shares of the Internet television network's stock valued at $2,486,726,000 after acquiring an additional 23,912,151 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

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Insider Activity

In related news, insider David A. Hyman sold 5,722 shares of the business's stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $88.08, for a total transaction of $503,993.76. Following the completion of the transaction, the insider directly owned 316,100 shares of the company's stock, valued at $27,842,088. The trade was a 1.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Reed Hastings sold 420,550 shares of the business's stock in a transaction 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 transaction, the director directly owned 3,940 shares of the company's stock, valued at $376,230.60. The trade was a 99.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,365,509 shares of company stock worth $129,675,743 over the last three months. Company insiders own 1.24% of the company's stock.

Analysts Set New Price Targets

NFLX has been the topic of a number of research analyst reports. The Goldman Sachs Group upgraded Netflix from a "neutral" rating to a "buy" rating in a research report on Monday, April 13th. Seaport Research Partners lifted their target price on Netflix from $115.00 to $119.00 and gave the company a "buy" rating in a research report on Friday, April 17th. Cfra upgraded Netflix from a "hold" rating to a "buy" rating and set a $115.00 target price on the stock in a research report on Friday, March 6th. Citizens Jmp restated a "market perform" rating on shares of Netflix in a research report on Wednesday, April 15th. Finally, Evercore initiated coverage on Netflix in a research report on Friday, February 27th. They issued an "outperform" rating and a $115.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and sixteen have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $114.82.

Netflix Stock Performance

NASDAQ NFLX opened at $86.36 on Friday. The company has a market cap of $363.64 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.11 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. The stock has a 50-day moving average of $93.29 and a two-hundred day moving average of $93.43. Netflix, Inc. has a 1-year low of $75.01 and a 1-year high of $134.12.

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, beating the consensus estimate of $0.76 by $0.47. The company 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%.Netflix's revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the company posted $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, analysts anticipate that Netflix, Inc. will post 3.6 EPS for the current year.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Multiple analyst-style pieces argue that Netflix’s ad business is becoming a major growth driver, with 2026 ad revenue projections around $3 billion and new formats, live events, and ad-tech tools expanding monetization. Article Title
• Positive Sentiment: Several bullish writeups say Netflix could be in the early stages of a comeback, citing upside from advertising scale and stronger cash generation, with one piece raising a 12-month target far above current levels. Article Title
• Positive Sentiment: Another bullish note says Netflix’s ad empire story is “too good to ignore,” highlighting the scalability of the ad tier, higher ARPU, and the potential for ad revenue to become a meaningful share of total sales. Article Title
• Positive Sentiment: Netflix is also getting support from reports tied to the AI/content-efficiency narrative, including a $600 million deal involving Ben Affleck’s AI company and claims that Netflix could save billions over time through production efficiencies. Article Title
• Neutral Sentiment: Netflix-related mentions in broader entertainment coverage, including a new “60 Minutes” head who previously worked with Netflix projects, are not likely to have a direct material impact on the stock. Article Title
• Negative Sentiment: Some recent coverage still points out that NFLX has been trading well below its 52-week high and has had a difficult year, which keeps valuation concerns and skepticism alive. Article Title

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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