Peregrine Investment Management Inc. Invests $8.65 Million in Netflix, Inc. $NFLX

Key Points

• Peregrine Investment Management bought 90,000 Netflix shares valued at $8.65 million, making NFLX about 6.8% of its portfolio and its third-largest holding.
• Netflix beat Q1 estimates (EPS $1.23 vs. $0.76; revenue up 16.2%) but issued conservative Q2 EPS guidance (0.78) that prompted profit-taking, even as the board authorized a $25 billion share buyback.
• Insiders have been net sellers recently — nearly $94.8 million of stock (991,043 shares) sold in the last 90 days, including a CFO sale that reduced his stake by 43.7%.

Peregrine Investment Management Inc. bought a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 90,000 shares of the Internet television network's stock, valued at approximately $8,654,000. Netflix accounts for about 6.8% of Peregrine Investment Management Inc.'s investment portfolio, making the stock its 3rd biggest holding.

A number of other institutional investors also recently bought and sold shares of the stock. Crews Bank & Trust raised its holdings in Netflix by 5.8% in the 3rd quarter. Crews Bank & Trust now owns 164 shares of the Internet television network's stock worth $197,000 after purchasing an additional 9 shares during the period. Apriem Advisors raised 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 purchasing an additional 9 shares during the period. Tortoise Investment Management LLC raised 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 purchasing an additional 9 shares during the period. Brass Tax Wealth Management Inc. raised 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 purchasing an additional 9 shares during the period. Finally, Pacific Sun Financial Corp raised 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 purchasing an additional 9 shares during the period. 80.93% of the stock is owned by institutional investors.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 5,727 shares of the company's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $81.06, for a total value of $464,230.62. Following the completion of the transaction, the insider owned 316,100 shares of the company's stock, valued at $25,623,066. This represents a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 57,260 shares of Netflix stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $95.50, for a total value of $5,468,330.00. Following the completion of the sale, the chief financial officer directly owned 73,787 shares in the company, valued at $7,046,658.50. This trade represents a 43.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 991,043 shares of company stock valued at $94,785,475. 1.37% of the stock is owned by corporate insiders.

Netflix Stock Performance

NASDAQ NFLX opened at $92.06 on Monday. The firm has a market cap of $387.65 billion, a price-to-earnings ratio of 29.74, a price-to-earnings-growth ratio of 1.18 and a beta of 1.55. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average price of $94.81 and a 200-day moving average price of $96.77. Netflix, Inc. has a twelve month low of $75.01 and a twelve month high of $134.12.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The business's quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, equities research analysts predict that Netflix, Inc. will post 3.56 EPS for the current fiscal year.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Board authorized a large $25 billion share‑repurchase capacity, boosting optionality to reduce float and support the stock. Netflix, Inc. (NFLX) Expands Buyback Capacity with New $25B Authorization
• Positive Sentiment: Netflix is pushing mobile engagement with a TikTok‑style vertical "Clips" feed to increase viewing frequency and discovery on phones — a strategic product move to broaden usage. Netflix wants you to watch ‘Clips,' its TikTok-like vertical video feed
• Positive Sentiment: TV/market commentators and some TV‑trade segments are still listing NFLX among buy/long ideas, keeping some investor interest intact. Netflix, Cisco, Zoom And A Health Care Stock On CNBC's 'Final Trades'
• Neutral Sentiment: Analysts modestly raised forward EPS estimates (Erste Group nudged FY2026/FY2027 numbers slightly), but ratings remain mixed — small upside to estimates rather than a broad upgrade. Erste Group raises Netflix EPS estimates (MarketBeat summary)
• Neutral Sentiment: Investor attention metrics and media writeups (Zacks) show heightened interest — more eyeballs can amplify moves but don't guarantee direction. Netflix, Inc. (NFLX) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Market reaction remains focused on the company's conservative near‑term guidance (Q2 EPS guidance lower than some expected), which prompted profit‑taking despite the Q1 EPS beat. That guidance is a principal reason for downward pressure. Why Is Netflix Stock Falling, and is it a Generational Buying Opportunity?
• Negative Sentiment: Shareholder activism and governance scrutiny have returned to the headlines, adding uncertainty around strategic choices and valuation — a potential headwind for sentiment until resolved. Netflix Shareholder Activism Puts Governance And Valuation In Focus

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of recent research reports. Arete Research raised Netflix from a "neutral" rating to a "buy" rating in a report on Friday, February 27th. President Capital raised their target price on Netflix from $133.00 to $134.00 and gave the stock a "buy" rating in a report on Tuesday, March 31st. JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of Netflix in a report on Wednesday, April 22nd. Huber Research raised Netflix from a "strong sell" rating to a "strong-buy" rating in a report on Friday, February 27th. Finally, Royal Bank Of Canada reaffirmed a "hold" 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-four have assigned a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $114.82.

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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