Turtle Creek Wealth Advisors LLC Acquires 29,407 Shares of Netflix, Inc. $NFLX

Key Points

• Turtle Creek Wealth Advisors LLC boosted its Netflix stake by 1,027.9%, buying 29,407 shares to hold 32,268 shares valued at about $3.03 million, amid several other institutional increases that leave roughly 80.93% of the stock owned by institutions.
• Company insiders have been sizable net sellers recently — CEO Gregory K. Peters sold 105,781 shares (~$8.8M) and director Reed Hastings sold 420,550 shares (~$40.2M), with insiders offloading 1,487,794 shares worth $136.26M in the past 90 days and insiders now owning 1.37% of the stock.
• Key corporate catalysts include a newly authorized $25 billion share buyback and a Q1 beat (EPS $1.23 vs. $0.76; revenue $12.25B), but softer Q2 guidance and mixed analyst views leave upside coupled with near-term selloff risk; consensus rating is "Moderate Buy" with a ~$114.53 target.

Turtle Creek Wealth Advisors LLC increased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1,027.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,268 shares of the Internet television network's stock after acquiring an additional 29,407 shares during the quarter. Turtle Creek Wealth Advisors LLC's holdings in Netflix were worth $3,025,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NFLX. Vanguard Group Inc. boosted its stake in Netflix by 0.4% in 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 purchasing an additional 142,238 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in Netflix by 875.7% in the 4th quarter. Checchi Capital Advisers LLC now owns 31,143 shares of the Internet television network's stock worth $2,920,000 after purchasing an additional 27,951 shares in the last quarter. Contravisory Investment Management Inc. boosted its stake in Netflix by 837.2% in the 4th quarter. Contravisory Investment Management Inc. now owns 111,380 shares of the Internet television network's stock worth $10,443,000 after purchasing an additional 99,496 shares in the last quarter. Crew Capital Management Ltd boosted its stake in Netflix by 1,021.9% in the 4th quarter. Crew Capital Management Ltd now owns 9,031 shares of the Internet television network's stock worth $847,000 after purchasing an additional 8,226 shares in the last quarter. Finally, BNC Wealth Management LLC boosted its stake in Netflix by 991.3% in the 4th quarter. BNC Wealth Management LLC now owns 41,229 shares of the Internet television network's stock worth $3,866,000 after purchasing an additional 37,451 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Transactions at Netflix

In other news, CEO Gregory K. Peters sold 105,781 shares of the firm's stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $82.94, for a total transaction of $8,773,476.14. Following the transaction, the chief executive officer owned 122,140 shares in the company, valued at approximately $10,130,291.60. This trade represents a 46.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Reed Hastings sold 420,550 shares of the firm's stock in a transaction 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 transaction, the director owned 3,940 shares in the company, valued at approximately $376,230.60. This represents 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. In the last ninety 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NFLX shares. Erste Group Bank upgraded shares of Netflix from a "hold" rating to a "buy" rating in a research note on Tuesday, March 24th. Citic Securities dropped their price target on shares of Netflix from $109.00 to $95.00 and set a "hold" rating on the stock in a research note on Monday, January 26th. BMO Capital Markets decreased their target price on Netflix from $143.00 to $135.00 and set an "outperform" rating for the company in a research report on Wednesday, January 21st. Evercore initiated coverage on Netflix in a research report on Friday, February 27th. They issued an "outperform" rating and a $115.00 target price for the company. Finally, HSBC boosted their target price on Netflix from $106.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, April 10th. Two analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and fourteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.53.

Netflix Stock Down 0.5%

NASDAQ NFLX opened at $92.82 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.19 and a current ratio of 1.41. The company has a market capitalization of $390.85 billion, a P/E ratio of 29.98, a P/E/G ratio of 1.21 and a beta of 1.67. Netflix, Inc. has a one year low of $75.01 and a one year high of $134.12. The stock has a 50 day moving average price of $93.29 and a 200-day moving average price of $97.74.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $12.17 billion. During the same period last year, the company 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. As a group, equities analysts predict that Netflix, Inc. will post 3.53 EPS for the current fiscal year.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Board authorizes an additional $25 billion share buyback (adds to December 2024 buyback, no expiration). The large repurchase boosts capital returns, supports EPS and float, and was cited by markets as the primary near-term catalyst for the stock lift. Netflix announces $25 billion share buyback (Reuters)
• Positive Sentiment: Analyst and investor support: Daiwa raised its price target and kept an outperform stance; JPMorgan reaffirmed its buy rating; noted active purchases from high-profile investors (e.g., Cathie Wood) reinforce institutional confidence. These endorsements can underpin further upside if fundamentals recover. Daiwa raises price target (MarketScreener) Cathie Wood keeps buying (Barchart)
• Positive Sentiment: Product/engagement initiatives: Netflix plans a TikTok-style vertical video feed to drive mobile engagement and discoverability — a strategic push to capture “snackable” viewing that could boost retention/monetization over time. Netflix eyes TikTok-style feed (Benzinga)
• Neutral Sentiment: Analyst commentary and valuation debate: Coverage highlights a pullback that some see as a buying opportunity while others caution on near-term risk; mixed views mean sentiment could swing with subsequent results or guidance. Valuation debate after pullback (Yahoo Finance)
• Neutral Sentiment: Strategic real estate/production expansion: Reports Netflix is in talks to buy LA studio space — could expand content capacity but would be a capital-intensive move. Netflix in talks to buy studio space (Yahoo Market Chatter)
• Neutral Sentiment: Corporate governance: Netflix’s board recommended “no” votes on two shareholder proposals tied to cultural/content disputes—governance item that may matter to some investors but is unlikely to move fundamentals. Board recommends no votes (Forbes)
• Negative Sentiment: Failed bid / industry consolidation: Warner Bros. shareholders approved a $110B sale to Paramount Skydance, closing off the acquisition Netflix pursued; consolidation reduces one strategic growth pathway and underscores competition for assets. Warner Bros sale approved (Yahoo Finance)
• Negative Sentiment: Q1 guidance and selloff risk: The stock plunged after softer-than-expected Q2 guidance and margin/earnings concerns; until growth or margins re-accelerate, downside risk remains despite the buyback. Q1 guidance selloff (Seeking Alpha)

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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