Pinnacle Wealth Management Advisory Group LLC Acquires 28,907 Shares of Netflix, Inc. $NFLX

Key Points

• Pinnacle Wealth Management increased its Netflix stake by 911.3%, buying 28,907 shares to hold 32,079 shares worth about $3.01 million after the fourth quarter.
• Netflix beat Q1 expectations (EPS $1.23 vs. $0.76; revenue $12.25B) but issued conservative Q2 guidance, prompting mixed analyst reactions and some downward target revisions.
• Significant insider selling has occurred recently — Reed Hastings sold 420,550 shares and insiders have sold 991,043 shares (~$94.8M) in the past 90 days, while corporate insiders now own 1.37% of the company.

Pinnacle Wealth Management Advisory Group LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 911.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 32,079 shares of the Internet television network's stock after acquiring an additional 28,907 shares during the period. Pinnacle Wealth Management Advisory Group LLC's holdings in Netflix were worth $3,008,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FWG Holdings LLC lifted its holdings in shares of Netflix by 1,302.3% during the 4th quarter. FWG Holdings LLC now owns 7,446 shares of the Internet television network's stock worth $698,000 after acquiring an additional 6,915 shares during the period. Varma Mutual Pension Insurance Co lifted its holdings in shares of Netflix by 925.1% during the 4th quarter. Varma Mutual Pension Insurance Co now owns 632,250 shares of the Internet television network's stock worth $59,280,000 after acquiring an additional 570,575 shares during the period. Truist Financial Corp lifted its holdings in shares of Netflix by 876.2% during the 4th quarter. Truist Financial Corp now owns 1,821,380 shares of the Internet television network's stock worth $170,773,000 after acquiring an additional 1,634,798 shares during the period. Bellecapital International Ltd. lifted its holdings in shares of Netflix by 868.3% during the 4th quarter. Bellecapital International Ltd. now owns 54,399 shares of the Internet television network's stock worth $5,100,000 after acquiring an additional 48,781 shares during the period. Finally, Peregrine Asset Advisers Inc. lifted its holdings in shares of Netflix by 875.2% during the 4th quarter. Peregrine Asset Advisers Inc. now owns 9,050 shares of the Internet television network's stock worth $849,000 after acquiring an additional 8,122 shares during the period. 80.93% of the stock is owned by institutional investors.

Netflix Stock Performance

NFLX opened at $92.06 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $387.65 billion, a PE ratio of 29.74, a PEG ratio of 1.18 and a beta of 1.55. Netflix, Inc. has a 1-year low of $75.01 and a 1-year high of $134.12. The firm has a 50-day moving average price of $94.81 and a two-hundred day moving average price of $96.77.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $12.25 billion during the quarter, compared to analysts' expectations of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The company's quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the company posted $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, equities analysts anticipate that Netflix, Inc. will post 3.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Jefferies Financial Group reduced their price objective on shares of Netflix from $134.00 to $128.00 and set a "buy" rating for the company in a report on Friday, April 17th. Sanford C. Bernstein reduced their price objective on shares of Netflix from $115.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, April 17th. Bank of America dropped their target price on shares of Netflix from $149.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, March 6th. Benchmark reiterated a "hold" rating on shares of Netflix in a research report on Tuesday, January 13th. Finally, BMO Capital Markets dropped their target price on shares of Netflix from $143.00 to $135.00 and set an "outperform" rating for the company in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat, Netflix has a consensus rating of "Moderate Buy" and an average price target of $114.82.

Insider Transactions at Netflix

In other Netflix news, Director Reed Hastings sold 420,550 shares of the firm's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $95.49, for a total value of $40,158,319.50. Following the completion of the sale, the director owned 3,940 shares in the company, valued at approximately $376,230.60. This trade represents a 99.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Adam Neumann sold 28,630 shares of the firm's stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $98.00, for a total transaction of $2,805,740.00. Following the completion of the sale, the chief financial officer owned 73,787 shares of the company's stock, valued at $7,231,126. The trade was a 27.95% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 991,043 shares of company stock worth $94,785,475. Corporate insiders own 1.37% of the company's stock.

Netflix News Summary

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

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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