Pittenger & Anderson Inc. Boosts Holdings in Netflix, Inc. $NFLX

Key Points

• Pittenger & Anderson raised its Netflix stake by 873.9% to 151,700 shares (worth $14.22M), and several other large institutions (Vanguard, Baillie Gifford, Jennison, Sumitomo Mitsui, Nordea) likewise added massive positions—institutions now own about 80.93% of the stock.
• Company insiders have been net sellers—CEO Gregory K. Peters sold 27,312 shares (an 18.27% drop in his holdings) and insiders offloaded 1,382,013 shares worth $127.48M in the quarter, leaving insiders with about 1.37% ownership.
• Operationally, Netflix beat Q1 estimates (EPS $1.23 vs. $0.76 and revenue of $12.25B) but issued conservative Q2 guidance (EPS 0.78), which, along with governance scrutiny, pressured the stock despite positive moves like a new $25 billion share‑buyback authorization and rollout of a TikTok‑style "Clips" feed.

Pittenger & Anderson Inc. lifted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 873.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,700 shares of the Internet television network's stock after purchasing an additional 136,123 shares during the quarter. Pittenger & Anderson Inc.'s holdings in Netflix were worth $14,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Netflix by 912.5% in the 4th quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network's stock worth $36,567,805,000 after buying an additional 351,493,659 shares during the last quarter. Baillie Gifford & Co. raised its position in Netflix by 912.3% in the 4th quarter. Baillie Gifford & Co. now owns 36,940,035 shares of the Internet television network's stock worth $3,463,498,000 after buying an additional 33,290,988 shares during the last quarter. Jennison Associates LLC raised its position in Netflix by 639.9% in the 4th quarter. Jennison Associates LLC now owns 34,871,951 shares of the Internet television network's stock worth $3,269,594,000 after buying an additional 30,158,900 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Netflix by 891.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,099,908 shares of the Internet television network's stock worth $1,134,487,000 after buying an additional 10,879,276 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in Netflix by 886.6% in the 4th quarter. Nordea Investment Management AB now owns 9,667,997 shares of the Internet television network's stock worth $902,798,000 after buying an additional 8,688,113 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Activity at Netflix

In related news, insider Cletus R. Willems sold 3,136 shares of the business's stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $82.67, for a total transaction of $259,253.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 27,312 shares of the business's stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $83.24, for a total value of $2,273,450.88. Following the transaction, the chief executive officer owned 122,140 shares of the company's stock, valued at approximately $10,166,933.60. This trade represents a 18.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,382,013 shares of company stock worth $127,482,296 in the last quarter. 1.37% of the stock is currently owned by insiders.

Netflix Trading Down 1.7%

Shares of NASDAQ:NFLX opened at $92.06 on Friday. The stock has a 50 day moving average of $94.81 and a 200 day moving average of $96.77. The company has a market cap of $387.65 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 1.18 and a beta of 1.55. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43. Netflix, Inc. has a 12-month low of $75.01 and a 12-month high of $134.12.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%.The firm's revenue was up 16.2% on a year-over-year basis. 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, equities research analysts expect that Netflix, Inc. will post 3.56 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Royal Bank Of Canada reissued a "hold" rating on shares of Netflix in a research report on Wednesday, January 21st. Weiss Ratings lowered shares of Netflix from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, January 22nd. Piper Sandler reaffirmed an "overweight" rating and set a $115.00 price target (up from $103.00) on shares of Netflix in a research report on Friday, April 17th. The Goldman Sachs Group raised shares of Netflix from a "neutral" rating to a "buy" rating in a research report on Monday, April 13th. Finally, Citigroup started coverage on shares of Netflix in a research report on Thursday, April 16th. They set a "market perform" rating for the company. Two analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat, Netflix has an average rating of "Moderate Buy" and an average price target of $114.82.

More Netflix News

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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