SeaBridge Investment Advisors LLC Buys 45,755 Shares of Netflix, Inc. $NFLX

Key Points

• SeaBridge Investment Advisors increased its Netflix stake by 790.7%, acquiring an additional 45,755 shares to hold 51,542 shares valued at about $4.83 million at quarter-end.
• Company insiders have been net sellers: CEO Gregory K. Peters sold 105,781 shares and director Reed Hastings sold 420,550 shares, with insiders offloading a total of 1,511,233 shares (≈$138.3M) in the past 90 days; insiders now own 1.37% of the stock.
• Analyst sentiment is broadly positive—MarketBeat shows a consensus rating of "Moderate Buy" with an average target of $115.80, and several brokers cite faster-than-expected ad-tier scaling and a potential ~$1.1B revenue tail from U.S. price hikes.

SeaBridge Investment Advisors LLC grew its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 790.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,542 shares of the Internet television network's stock after acquiring an additional 45,755 shares during the quarter. SeaBridge Investment Advisors LLC's holdings in Netflix were worth $4,833,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NFLX. First Financial Corp IN boosted its stake in Netflix by 900.0% during the 4th quarter. First Financial Corp IN now owns 270 shares of the Internet television network's stock worth $25,000 after acquiring an additional 243 shares during the last quarter. DiNuzzo Private Wealth Inc. increased its stake in Netflix by 885.2% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 239 shares in the last quarter. Imprint Wealth LLC acquired a new stake in Netflix in the third quarter worth $25,000. Retirement Wealth Solutions LLC acquired a new stake in Netflix in the third quarter worth $28,000. Finally, MB Levis & Associates LLC boosted its position in shares of Netflix by 177.8% during the fourth quarter. MB Levis & Associates LLC now owns 300 shares of the Internet television network's stock worth $28,000 after purchasing an additional 192 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NFLX. Cfra raised shares of Netflix from a "hold" rating to a "buy" rating and set a $115.00 price target for the company in a report on Friday, March 6th. Benchmark reiterated a "hold" rating on shares of Netflix in a report on Tuesday, January 13th. Piper Sandler reissued a "positive" rating and issued a $103.00 target price (down from $140.00) on shares of Netflix in a research note on Wednesday, January 21st. Barclays began coverage on Netflix in a report on Monday, March 2nd. They issued an "equal weight" rating and a $115.00 price target for the company. Finally, Canaccord Genuity Group set a $125.00 price target on Netflix and gave the stock a "buy" rating in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $115.80.

Insider Transactions at Netflix

In related news, CEO Gregory K. Peters sold 105,781 shares of Netflix stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $82.94, for a total value of $8,773,476.14. Following the sale, the chief executive officer owned 122,140 shares of the company's stock, valued at approximately $10,130,291.60. This trade represents a 46.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Reed Hastings sold 420,550 shares of the business's stock in a transaction that occurred on 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 $376,230.60. The trade was a 99.07% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,511,233 shares of company stock valued at $138,320,982 in the last ninety days. 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: Analyst note: Citizens/JMP and others project a meaningful Q1 benefit from recent U.S. price increases and faster ad monetization — one analyst estimates about a $1.1B revenue tailwind that should help margins. Netflix Stock Eyes $1.1 Billion Windfall As US Price Hikes Kick Into Gear
• Positive Sentiment: Broker support: Guggenheim reaffirmed a Buy rating (raised price target reported), and other firms (Wedbush, Moffett Nathanson, KeyBanc) have recently lifted targets/forecasts on stronger ad-tier scaling and revenue outlooks. Netflix NASDAQ: NFLX Receives "Buy" Rating from Guggenheim
• Positive Sentiment: KeyBanc says Netflix’s ad-supported tier is scaling faster than expected, prompting raised forecasts — a structural revenue tail that investors view as durable. ‘Netflix’s Advertising Tier Is Scaling Faster than Anticipated,’ Says KeyBanc Analyst; Raises NFLX Stock Forecast
• Positive Sentiment: Technical breakout: Netflix recently moved above its 200‑day moving average, a bullish sign that has attracted momentum buyers ahead of earnings. Netflix (NFLX) Recently Broke Out Above the 200-Day Moving Average
• Neutral Sentiment: Market setup: Options traders expect a sizable post-earnings swing (implied move ~6–7%), and unusually large call activity has been noted — signals of anticipation but not directional certainty. Netflix Will Report Q1 Earnings Tomorrow. Options Traders Expect a 7.13% Move in NFLX Stock
• Neutral Sentiment: Consensus expectations: Analysts are looking for ~15% revenue growth (Q1 revenue and EPS beats would reinforce the bullish thesis); some houses maintain Hold/Market‑Perform alongside Buy calls, so guidance will be closely parsed. Netflix (NFLX) To Report Earnings Tomorrow: Here Is What To Expect
• Negative Sentiment: Strategic risk: Netflix’s failed bid for Warner Bros removes an easy path to major franchise ownership and may leave Netflix to compete with a potentially larger Warner‑Paramount Skydance combination; management says it will refocus on content and ads, but the competitive landscape is tougher. Netflix to refocus on ads, content after failed Warner Bros bid

Netflix Trading Up 1.3%

Shares of NASDAQ:NFLX opened at $107.71 on Thursday. Netflix, Inc. has a 12 month low of $75.01 and a 12 month high of $134.12. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.51. The company's fifty day simple moving average is $91.36 and its 200 day simple moving average is $98.65. The firm has a market cap of $454.77 billion, a price-to-earnings ratio of 42.62, a PEG ratio of 1.61 and a beta of 1.67.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Tuesday, January 20th. The Internet television network reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The firm had revenue of $12.05 billion for the quarter, compared to the consensus estimate of $11.97 billion. Netflix had a return on equity of 43.26% and a net margin of 24.30%.The company's revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. As a group, research analysts forecast that Netflix, Inc. will post 24.58 EPS 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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