Truist Financial Corp Has $170.77 Million Position in Netflix, Inc. $NFLX

Key Points

• Truist Financial Corp boosted its Netflix stake by 876.2%, buying 1,634,798 shares to hold 1,821,380 shares worth about $170.77 million.
• Netflix beat Q1 estimates with $1.23 EPS and $12.25B revenue, but conservative Q2 guidance (about $0.78 EPS) prompted profit‑taking and downward pressure on the stock.
• Insiders have been net sellers recently—CEOs including Gregory K. Peters sold tens of thousands of shares—and insiders sold 991,043 shares valued at roughly $94.8 million in the past 90 days.

Truist Financial Corp increased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 876.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,821,380 shares of the Internet television network's stock after buying an additional 1,634,798 shares during the period. Truist Financial Corp's holdings in Netflix were worth $170,773,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bellecapital International Ltd. increased its holdings in Netflix by 868.3% in the fourth quarter. Bellecapital International Ltd. now owns 54,399 shares of the Internet television network's stock worth $5,100,000 after buying an additional 48,781 shares during the last quarter. Peregrine Asset Advisers Inc. increased its holdings in Netflix by 875.2% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 9,050 shares of the Internet television network's stock worth $849,000 after buying an additional 8,122 shares during the last quarter. Sun Financial Inc acquired a new position in Netflix in the fourth quarter worth approximately $1,130,000. Sagace Wealth Management LLC increased its holdings in Netflix by 910.1% in the fourth quarter. Sagace Wealth Management LLC now owns 4,980 shares of the Internet television network's stock worth $467,000 after buying an additional 4,487 shares during the last quarter. Finally, KPP Advisory Services LLC boosted its position in Netflix by 1,281.9% during the fourth quarter. KPP Advisory Services LLC now owns 6,191 shares of the Internet television network's stock worth $580,000 after purchasing an additional 5,743 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling

In other news, insider David A. Hyman sold 5,727 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $81.06, for a total value of $464,230.62. Following the completion of the sale, the insider directly owned 316,100 shares of the company's stock, valued at approximately $25,623,066. This represents a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 27,312 shares of the 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 completion of the sale, the chief executive officer directly owned 122,140 shares of the company's stock, valued at $10,166,933.60. This represents a 18.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 991,043 shares of company stock valued at $94,785,475 in the last ninety days. Company insiders own 1.37% of the company's stock.

Netflix Price Performance

NFLX opened at $92.06 on Monday. Netflix, Inc. has a 1-year low of $75.01 and a 1-year 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 stock has a market capitalization of $387.65 billion, a price-to-earnings ratio of 29.74, a P/E/G ratio of 1.18 and a beta of 1.55. The business has a 50 day moving average of $94.81 and a 200-day moving average 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. 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 analysts' expectations of $12.17 billion. During the same period in the prior year, the business earned $6.61 earnings per share. Netflix's revenue for the quarter was up 16.2% compared to the same quarter last year. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, sell-side analysts anticipate that Netflix, Inc. will post 3.56 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NFLX shares. Bank of America decreased their target price on Netflix from $149.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, March 6th. Pivotal Research set a $96.00 target price on Netflix and gave the stock a "hold" rating in a research report on Friday, April 17th. Jefferies Financial Group decreased their target price on Netflix from $134.00 to $128.00 and set a "buy" rating for the company in a research report on Friday, April 17th. Citizens Jmp reaffirmed a "market perform" rating on shares of Netflix in a research report on Wednesday, April 15th. Finally, Phillip Securities upped their price target on shares of Netflix from $100.00 to $110.00 in a report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $114.82.

Trending Headlines about Netflix

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 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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