Ring Mountain Capital LLC Buys 17,416 Shares of Netflix, Inc. $NFLX

Key Points

• Ring Mountain Capital LLC boosted its Netflix stake by 878.7% in Q4, buying 17,416 shares to hold 19,398 shares worth $1.707 million (about 0.9% of its portfolio and its 24th-largest position).
• Netflix beat Q1 estimates (EPS $1.23 vs. $0.76; revenue $12.25B) but issued weak Q2 guidance and saw co‑founder Reed Hastings step down from the board, prompting heavy insider selling and a roughly 9.7% stock drop.
• About 80.9% of Netflix is held by institutions; analysts' consensus is a "Moderate Buy" with a $114.73 target, though several firms have trimmed price targets amid near‑term growth concerns.

Ring Mountain Capital LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 878.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,398 shares of the Internet television network's stock after buying an additional 17,416 shares during the quarter. Netflix accounts for about 0.9% of Ring Mountain Capital LLC's portfolio, making the stock its 24th largest position. Ring Mountain Capital LLC's holdings in Netflix were worth $1,707,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake 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 during the last quarter. Contravisory Investment Management Inc. grew its stake in 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. Crew Capital Management Ltd grew its stake in Netflix by 1,021.9% during the 4th quarter. Crew Capital Management Ltd now owns 9,031 shares of the Internet television network's stock worth $847,000 after buying an additional 8,226 shares during the last quarter. BNC Wealth Management LLC grew its stake in Netflix by 991.3% during the 4th quarter. BNC Wealth Management LLC now owns 41,229 shares of the Internet television network's stock worth $3,866,000 after buying an additional 37,451 shares during the last quarter. Finally, Grove Bank & Trust grew its stake in Netflix by 1,379.8% during the 4th quarter. Grove Bank & Trust now owns 25,512 shares of the Internet television network's stock worth $2,392,000 after buying an additional 23,788 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NFLX. Bank of America dropped their target price on Netflix from $149.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, March 6th. Freedom Capital raised Netflix from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 27th. Jefferies Financial Group lowered their price target on Netflix from $134.00 to $128.00 and set a "buy" rating for the company in a research report on Friday. Wedbush reaffirmed an "outperform" rating and set a $118.00 price target on shares of Netflix in a research report on Thursday. Finally, William Blair reaffirmed an "outperform" rating on shares of Netflix in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and a consensus target price of $114.73.

Insider Buying and Selling

In other Netflix news, Director Reed Hastings sold 420,550 shares of Netflix stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $95.49, for a total transaction of $40,158,319.50. Following the completion of the transaction, 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 filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Adam Neumann sold 57,260 shares of Netflix stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $95.50, for a total value of $5,468,330.00. Following the transaction, the chief financial officer owned 73,787 shares of the company's stock, valued at $7,046,658.50. The trade was a 43.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,487,794 shares of company stock worth $136,255,772. Corporate insiders own 1.37% of the company's stock.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Q1 results beat expectations — revenue of $12.25B and GAAP EPS of $1.23 topped consensus, driven by subscription pricing, ad revenue growth and margin expansion; these fundamentals underpin many analyst “buy the dip” calls. Q1 results detail
• Positive Sentiment: Longer‑term growth levers remain: management emphasized live sports discussions (NFL interest) and continued ad‑tier expansion; analysts who stayed bullish point to strong cash generation and ad upside. Live sports / NFL rights
• Neutral Sentiment: Product/tech roadmap: Netflix plans a TikTok‑style vertical feed and broader AI use for recommendations — positive for engagement but not an immediate revenue catalyst. TechCrunch: vertical feed
• Negative Sentiment: Q2 guidance disappointed — the company issued Q2 EPS/revenue guidance below consensus (management cited slower near‑term growth and margin pressure), which shifted focus from the quarter to the outlook and trimmed near‑term expectations. Reuters: downbeat Q2 forecast
• Negative Sentiment: Leadership change spooked the market — Reed Hastings announced he will not stand for re‑election to the board, prompting concern about governance continuity amid a strategic pivot after the failed Warner Bros. bid. That exit amplified the selloff. Deadline: Hastings exit
• Negative Sentiment: Analyst reaction and price‑target moves were mixed-to-negative — several firms trimmed targets or moved to neutral/hold citing valuation and near‑term growth deceleration, increasing downward pressure. Invezz: analyst reactions

Netflix Stock Down 9.7%

NFLX stock opened at $97.31 on Friday. The firm's fifty day simple moving average is $92.20 and its 200-day simple moving average is $98.55. The company has a market capitalization of $410.86 billion, a P/E ratio of 31.43, a price-to-earnings-growth ratio of 1.60 and a beta of 1.67. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.19 and a quick ratio of 1.19. 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 released its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.47. The business had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.17 billion. Netflix had a return on equity of 43.01% and a net margin of 28.52%.The company's revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the business posted $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current 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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