RB Capital Management LLC Has $3.79 Million Holdings in Netflix, Inc. $NFLX

Key Points

• RB Capital Management LLC boosted its Netflix stake by 1,508.9% in the fourth quarter, ending with 40,465 shares valued at about $3.79 million.
• Institutional ownership remains very high, with major firms like Vanguard, Baillie Gifford, and Jennison also sharply increasing their positions. Overall, institutions and hedge funds own 80.93% of Netflix shares.
• Netflix recently beat earnings expectations, reporting $1.23 EPS versus $0.76 expected and revenue of $12.25 billion, up 16.2% year over year. Analyst sentiment stays constructive overall, with a consensus rating of Moderate Buy and an average price target of $114.82.

RB Capital Management LLC raised its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1,508.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 40,465 shares of the Internet television network's stock after purchasing an additional 37,950 shares during the quarter. RB Capital Management LLC's holdings in Netflix were worth $3,794,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Netflix by 912.5% during 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 period. Baillie Gifford & Co. grew its position in shares of Netflix by 912.3% during 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 period. Jennison Associates LLC grew its position in shares of Netflix by 639.9% during 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 period. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Netflix by 891.3% during 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 period. Finally, Principal Financial Group Inc. grew its position in shares of Netflix by 850.7% during the 4th quarter. Principal Financial Group Inc. now owns 10,858,157 shares of the Internet television network's stock worth $1,018,062,000 after buying an additional 9,716,017 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Strong early reviews for Netflix’s new drama Remarkably Bright Creatures suggest a programming win that could help engagement and subscriber retention. Remarkably Bright Creatures Review
• Positive Sentiment: Recent analyst commentary remains constructive, with several firms maintaining or raising price targets and broader coverage still pointing to a “Moderate Buy” view. Netflix, Pulte, and Mobileye Are Buying Their Own Dips—Should You?
• Neutral Sentiment: Warner Bros. Discovery’s large quarterly loss included a $2.8 billion Netflix-related termination fee, but this is primarily an M&A accounting item for WBD rather than a direct operating signal for Netflix. WBD Logs $2.92B Loss
• Neutral Sentiment: Jim Cramer said Netflix is “not a buy, buy, buy,” reflecting caution around competition in streaming, but it was more of a valuation/positioning comment than a formal downgrade. Jim Cramer on Netflix
• Negative Sentiment: CEO Gregory K. Peters sold 27,312 shares and CFO Spencer Adam Neumann sold 9,253 shares on May 7, adding to recent insider selling and likely weighing on investor sentiment. Netflix Insider Selling
• Negative Sentiment: Technical and trading commentary points to continued weakness after the recent pullback, with the stock still below key moving averages and some investors questioning near-term upside. Is It Time To Reassess Netflix?

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Freedom Capital raised shares of Netflix from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 27th. Seaport Research Partners raised their price objective on shares of Netflix from $115.00 to $119.00 and gave the stock a "buy" rating in a research report on Friday, April 17th. Barclays set a $110.00 price objective on shares of Netflix and gave the stock an "equal weight" rating in a research report on Friday, April 17th. Rosenblatt Securities cut their target price on Netflix from $96.00 to $95.00 and set a "neutral" rating on the stock in a report on Friday, April 17th. Finally, Sanford C. Bernstein dropped their price objective on Netflix from $115.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, April 17th. Two equities research 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $114.82.

Insiders Place Their Bets

In other news, CFO Spencer Adam Neumann sold 57,260 shares of the business's stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $95.50, for a total transaction of $5,468,330.00. Following the completion of the transaction, the chief financial officer owned 73,787 shares of the company's stock, valued at approximately $7,046,658.50. The trade was a 43.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Reed Hastings sold 420,550 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director owned 3,940 shares of the company's stock, valued at $376,230.60. The trade was a 99.07% decrease in their position. 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 1,458,944 shares of company stock worth $138,141,007 over the last three months. Company insiders own 1.37% of the company's stock.

Netflix Stock Down 0.9%

Shares of NASDAQ NFLX opened at $87.45 on Friday. Netflix, Inc. has a 12 month low of $75.01 and a 12 month high of $134.12. 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 firm has a market capitalization of $368.22 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 1.12 and a beta of 1.55. The business has a 50-day moving average of $95.44 and a 200-day moving average of $96.08.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, topping the consensus estimate of $0.76 by $0.47. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The company had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.17 billion. During the same quarter in the previous year, the firm earned $6.61 earnings per share. Netflix's revenue was up 16.2% on a year-over-year basis. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Sell-side analysts expect that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

About Netflix

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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