Pallas Capital Advisors LLC Acquires 59,434 Shares of Netflix, Inc. $NFLX

Key Points

• Pallas Capital Advisors increased its Netflix stake by 984.3% in Q4, acquiring 59,434 shares to hold 65,472 shares valued at about $6.14 million.
• Netflix raised subscription prices (ad $8.99, standard $19.99, premium $26.99) to help fund a $20B content budget; analysts estimate up to ~$1.7B incremental revenue and have issued several upgrades, though political backlash and longer‑term churn risk remain.
• Significant insider selling has occurred recently (CFO sold 57,260 shares; Reed Hastings sold 426,290 shares), with insiders offloading 1.52M shares (~$137.3M) in the last three months, while institutions own ~80.93% and the consensus rating is a "Moderate Buy" with a $114.55 target.

Pallas Capital Advisors LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 984.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,472 shares of the Internet television network's stock after acquiring an additional 59,434 shares during the quarter. Pallas Capital Advisors LLC's holdings in Netflix were worth $6,139,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of NFLX. Vanguard Group Inc. lifted its position in Netflix by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 38,521,322 shares of the Internet television network's stock worth $46,183,983,000 after buying an additional 142,238 shares in the last quarter. Contravisory Investment Management Inc. boosted its stake in shares of Netflix by 837.2% during the 4th quarter. Contravisory Investment Management Inc. now owns 111,380 shares of the Internet television network's stock worth $10,443,000 after buying an additional 99,496 shares during the last quarter. Grove Bank & Trust grew its holdings in shares of Netflix by 1,379.8% in the 4th quarter. Grove Bank & Trust now owns 25,512 shares of the Internet television network's stock valued at $2,392,000 after acquiring an additional 23,788 shares in the last quarter. CIBC Capital Markets Europe S.A. grew its holdings in shares of Netflix by 171.4% in the 3rd quarter. CIBC Capital Markets Europe S.A. now owns 66,503 shares of the Internet television network's stock valued at $79,732,000 after acquiring an additional 42,000 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC increased its position in shares of Netflix by 2,184.8% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 85,727 shares of the Internet television network's stock valued at $7,841,000 after acquiring an additional 81,975 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Price Performance

NASDAQ:NFLX opened at $93.43 on Friday. Netflix, Inc. has a 12-month low of $75.01 and a 12-month high of $134.12. The firm has a market capitalization of $394.48 billion, a price-to-earnings ratio of 36.97, a P/E/G ratio of 1.43 and a beta of 1.68. The stock's 50 day moving average price is $87.25 and its two-hundred day moving average price is $100.77. 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 posted its earnings results on Tuesday, January 20th. The Internet television network reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. Netflix had a return on equity of 43.26% and a net margin of 24.30%.The business had revenue of $12.05 billion for the quarter, compared to analyst estimates of $11.97 billion. During the same period in the previous year, the firm earned $0.43 EPS. The firm'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. On average, analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Analysts say the price increases should drive meaningful revenue upside (estimates cite as much as ~$1.7B potential incremental revenue) with limited churn risk — a direct boost to near‑term top‑line and profit leverage. Netflix Price Hikes Could Unlock $1.7 Billion
• Positive Sentiment: Multiple firms (including Jefferies, Citi, JPMorgan and Oppenheimer) responded with upgraded views or higher targets, arguing strong engagement and low churn give Netflix room to raise prices — this analyst support is pro‑stock. Jefferies Commentary on Price Hike
• Positive Sentiment: Research upgrades and modest EPS estimate bumps (e.g., Erste Group raising EPS and issuing a Buy) reinforce the view that higher ARPU will flow through to earnings. Erste Group Upgrade / Marketbeat
• Neutral Sentiment: Price changes: ad tier to $8.99 (+$1), standard to $19.99 (+$2), premium to $26.99 (+$2). Netflix says the increases help fund a $20B content budget (up ~$2B yr/yr). This is the direct rationale investors are pricing in. Reuters: Netflix raises subscription prices
• Neutral Sentiment: Widespread media coverage details the new rates and compares competitors; useful for gauging consumer reaction but not immediately decisive for fundamentals. Investopedia Pricing Summary
• Negative Sentiment: Political and consumer backlash: critics (including Senator Elizabeth Warren) flagged the hike soon after a large payout, which could pressure PR and invite scrutiny — a headline risk. Benzinga: Warren Criticism
• Negative Sentiment: Longer‑term risk: repeated “stream‑flation” could push price‑sensitive subscribers toward free alternatives (YouTube, ad‑supported platforms), so the revenue upside depends on continued low churn. Some commentators remain cautious. Business Insider: Stream‑flation

Insider Buying and Selling

In other news, CFO Spencer Adam Neumann sold 57,260 shares of the firm's stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $95.50, for a total transaction of $5,468,330.00. Following the completion of the sale, the chief financial officer owned 73,787 shares in the company, valued at approximately $7,046,658.50. This trade represents a 43.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Reed Hastings sold 426,290 shares of the company's stock in a transaction dated Friday, January 2nd. The shares were 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 approximately $361,179.80. This trade represents a 99.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,520,133 shares of company stock valued at $137,259,786. 1.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NFLX shares. Cfra upgraded Netflix from a "hold" rating to a "buy" rating and set a $115.00 target price on the stock in a report on Friday, March 6th. The Goldman Sachs Group restated a "neutral" rating and issued a $100.00 price target (down from $112.00) on shares of Netflix in a research note on Wednesday, January 21st. Weiss Ratings lowered Netflix from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, January 22nd. Wolfe Research upped their price objective on Netflix from $95.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, February 27th. Finally, William Blair reissued an "outperform" rating on shares of Netflix in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.55.

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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