Wakefield Asset Management LLLP Boosts Holdings in Netflix, Inc. $NFLX

Key Points

• Wakefield Asset Management increased its Netflix stake by 262.8% in the fourth quarter, ending with 16,400 shares valued at about $1.54 million.
• Netflix reported strong quarterly results, with EPS of $1.23 beating estimates and revenue of $12.25 billion topping expectations, while revenue grew 16.2% year over year.
• Analysts remain broadly positive on the stock, with a consensus Moderate Buy rating and an average price target of $114.82, even as several company insiders recently sold shares.

Wakefield Asset Management LLLP boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 262.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,400 shares of the Internet television network's stock after buying an additional 11,879 shares during the quarter. Wakefield Asset Management LLLP's holdings in Netflix were worth $1,538,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. First Financial Corp IN lifted its position in shares of Netflix by 900.0% during the fourth quarter. First Financial Corp IN now owns 270 shares of the Internet television network's stock worth $25,000 after purchasing an additional 243 shares during the last quarter. DiNuzzo Private Wealth Inc. lifted its position in shares of Netflix by 885.2% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network's stock worth $25,000 after purchasing an additional 239 shares during the last quarter. Turning Point Benefit Group Inc. lifted its position in shares of Netflix by 13,400.0% during the fourth quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network's stock worth $25,000 after purchasing an additional 268 shares during the last quarter. Imprint Wealth LLC bought a new stake in shares of Netflix during the third quarter worth $25,000. Finally, MB Levis & Associates LLC lifted 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 during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on NFLX shares. HSBC lifted 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. New Street Research lifted their target price on Netflix from $96.00 to $102.00 in a research report on Friday, April 17th. Wells Fargo & Company started coverage on Netflix in a research report on Monday, March 9th. They set an "equal weight" rating and a $105.00 target price for the company. Deutsche Bank Aktiengesellschaft lifted their target price on Netflix from $98.00 to $100.00 and gave the stock a "hold" rating in a research report on Tuesday, April 14th. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.82.

Netflix Trading Up 0.1%

NASDAQ:NFLX opened at $87.02 on Friday. Netflix, Inc. has a one year low of $75.01 and a one year high of $134.12. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market cap of $366.42 billion, a P/E ratio of 28.11, a P/E/G ratio of 1.10 and a beta of 1.55. The firm has a 50-day simple moving average of $94.74 and a 200-day simple moving average of $94.78.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, beating the consensus estimate of $0.76 by $0.47. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The business 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 business posted $6.61 EPS. The company's quarterly revenue was up 16.2% compared to the same quarter last year. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Equities analysts anticipate that Netflix, Inc. will post 3.6 EPS for the current fiscal year.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Several analysts reaffirmed bullish ratings and targets, citing Netflix’s expanding ad tier, strong engagement, and improving monetization outlook.
• Positive Sentiment: Netflix extended its relationship with the NFL and will stream more games, adding another high-profile live content driver that could help attract viewers and advertisers.
• Positive Sentiment: Netflix is also building out event-based programming, including its first live MMA card and a concert tour tied to KPop Demon Hunters, which reinforces its push beyond traditional streaming.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Adam Neumann sold 9,253 shares of the business's stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $88.95, for a total value of $823,054.35. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares in the company, valued at approximately $6,563,353.65. The trade was a 11.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Theodore A. Sarandos sold 27,312 shares of the business's stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $87.97, for a total transaction of $2,402,636.64. Following the completion of the transaction, the chief executive officer owned 284,804 shares of the company's stock, valued at $25,054,207.88. This represents a 8.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 1,422,769 shares of company stock worth $135,144,073. 1.37% of the stock is owned by corporate insiders.

Netflix Company 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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