Waterloo Capital L.P. Boosts Stake in Netflix, Inc. $NFLX

Key Points

• Waterloo Capital L.P. massively increased its Netflix position, boosting holdings by 755.5% in the fourth quarter to 38,062 shares worth about $3.57 million.
• Several other institutional investors also raised their stakes, and 80.93% of Netflix shares are now owned by institutional investors and hedge funds, showing broad professional interest in the stock.
• Netflix insiders were net sellers: Reed Hastings and CFO Spencer Adam Neumann sold shares, while analysts currently rate the stock Moderate Buy with a consensus price target of $114.82.

Waterloo Capital L.P. increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 755.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,062 shares of the Internet television network's stock after acquiring an additional 33,613 shares during the quarter. Waterloo Capital L.P.'s holdings in Netflix were worth $3,569,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Financial Corp IN boosted its position in 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 acquiring an additional 243 shares during the last quarter. DiNuzzo Private Wealth Inc. boosted its position in 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 acquiring an additional 239 shares during the last quarter. Turning Point Benefit Group Inc. boosted its position in 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 acquiring an additional 268 shares during the last quarter. Imprint Wealth LLC acquired a new position in Netflix during the third quarter worth about $25,000. Finally, MB Levis & Associates LLC boosted its position in 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 acquiring an additional 192 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In other Netflix news, Director Reed Hastings sold 407,550 shares of Netflix stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $93.13, for a total transaction of $37,955,131.50. Following the completion of the sale, the director directly owned 3,940 shares in the company, valued at $366,932.20. This trade represents a 99.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Adam Neumann sold 9,253 shares of Netflix stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $88.95, for a total transaction of $823,054.35. Following the sale, the chief financial officer owned 73,787 shares of the company's stock, valued at approximately $6,563,353.65. This represents a 11.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,365,509 shares of company stock valued at $129,675,743. 1.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on NFLX. Pivotal Research set a $96.00 price objective on shares of Netflix and gave the stock a "hold" rating in a research report on Friday, April 17th. HSBC raised their price objective on shares of Netflix from $106.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, April 10th. Guggenheim restated a "buy" rating and set a $120.00 price objective on shares of Netflix in a research report on Friday, May 15th. Rosenblatt Securities cut their price objective on shares of Netflix from $96.00 to $95.00 and set a "neutral" rating for the company in a research report on Friday, April 17th. Finally, Phillip Securities raised their price objective on shares of Netflix from $100.00 to $110.00 in a research report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat, Netflix currently has an average rating of "Moderate Buy" and a consensus price target of $114.82.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Multiple reports say Netflix’s ad business is gaining traction, with 2026 ad revenue projected near $3 billion as new formats, live events, and ad-tech tools expand monetization. Netflix's Ad Business Expansion Continues: More Upside Ahead?
• Positive Sentiment: Netflix reportedly acquired Ben Affleck’s AI startup InterPositive, which could automate parts of filmmaking and lower production costs, supporting margins over time. Netflix Buys Affleck AI Startup InterPositive To Reshape Content Economics
• Positive Sentiment: Several commentary pieces argue Netflix is a buying opportunity, citing upside from ad-tier growth and improving free cash flow, with some analysts reiterating bullish ratings and higher price targets. 3 Reasons to Buy Netflix Stock in June
• Neutral Sentiment: Other articles highlight Netflix as a laggard versus entertainment peers, suggesting the stock may need execution to catch up rather than already reflecting a clear fundamental breakout. How Is Netflix’s Stock Performance Compared to Other Entertainment Stocks?
• Neutral Sentiment: Coverage linking Netflix to streaming perks and broader media/advertising themes is supportive but not a direct company-specific catalyst. Best credit cards with streaming perks for June 2026: Save on Netflix, Hulu, and more

Netflix Price Performance

Shares of NFLX opened at $86.02 on Friday. Netflix, Inc. has a 1-year low of $75.01 and a 1-year high of $134.12. The stock has a market cap of $362.21 billion, a PE ratio of 27.78, a P/E/G ratio of 1.09 and a beta of 1.55. The firm has a 50-day simple moving average of $93.12 and a two-hundred day simple moving average of $93.14. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results 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. 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 analysts' expectations of $12.17 billion. During the same period last year, the business earned $6.61 earnings per share. The business's revenue for the quarter 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, analysts forecast that Netflix, Inc. will post 3.6 EPS 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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