Wealth Enhancement Trust Services Inc. Buys New Shares in Netflix, Inc. $NFLX

Key Points

• Wealth Enhancement Trust Services purchased a new stake of 26,138 Netflix shares (~$2.45M) in Q4, joining several other institutions that materially increased holdings and leaving institutional ownership at about 80.93%.
• Netflix beat Q1 estimates (revenue $12.25B, EPS $1.23) but issued disappointing Q2 guidance and saw founder Reed Hastings decline re‑election to the board, triggering a ~9.7% share decline and mixed analyst reactions.
• Insiders have been net sellers recently: CEO Gregory K. Peters sold 105,781 shares and insiders disposed of roughly 1.49M shares (~$136M) over the past 90 days, while insiders still own about 1.37% of the company.

Wealth Enhancement Trust Services Inc. purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 26,138 shares of the Internet television network's stock, valued at approximately $2,451,000.

A number of other large investors have also recently bought and sold shares of NFLX. Vanguard Group Inc. increased its stake in shares of Netflix by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 38,521,322 shares of the Internet television network's stock valued at $46,183,983,000 after acquiring an additional 142,238 shares in the last quarter. Contravisory Investment Management Inc. lifted its position in shares of Netflix by 837.2% during the 4th quarter. Contravisory Investment Management Inc. now owns 111,380 shares of the Internet television network's stock valued at $10,443,000 after acquiring an additional 99,496 shares during the period. Crew Capital Management Ltd boosted its stake in Netflix by 1,021.9% during the fourth quarter. Crew Capital Management Ltd now owns 9,031 shares of the Internet television network's stock worth $847,000 after acquiring an additional 8,226 shares in the last quarter. BNC Wealth Management LLC grew its holdings in Netflix by 991.3% in the fourth 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 during the period. Finally, Grove Bank & Trust grew its holdings in Netflix by 1,379.8% in the fourth quarter. Grove Bank & Trust now owns 25,512 shares of the Internet television network's stock worth $2,392,000 after purchasing an additional 23,788 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Q1 results beat expectations — revenue of $12.25B and GAAP EPS of $1.23 topped consensus, driven by subscription pricing, ad revenue growth and margin expansion; these fundamentals underpin many analyst “buy the dip” calls. Q1 results detail
• Positive Sentiment: Longer‑term growth levers remain: management emphasized live sports discussions (NFL interest) and continued ad‑tier expansion; analysts who stayed bullish point to strong cash generation and ad upside. Live sports / NFL rights
• Neutral Sentiment: Product/tech roadmap: Netflix plans a TikTok‑style vertical feed and broader AI use for recommendations — positive for engagement but not an immediate revenue catalyst. TechCrunch: vertical feed
• Negative Sentiment: Q2 guidance disappointed — the company issued Q2 EPS/revenue guidance below consensus (management cited slower near‑term growth and margin pressure), which shifted focus from the quarter to the outlook and trimmed near‑term expectations. Reuters: downbeat Q2 forecast
• Negative Sentiment: Leadership change spooked the market — Reed Hastings announced he will not stand for re‑election to the board, prompting concern about governance continuity amid a strategic pivot after the failed Warner Bros. bid. That exit amplified the selloff. Deadline: Hastings exit
• Negative Sentiment: Analyst reaction and price‑target moves were mixed-to-negative — several firms trimmed targets or moved to neutral/hold citing valuation and near‑term growth deceleration, increasing downward pressure. Invezz: analyst reactions

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. UBS Group set a $104.00 target price on Netflix in a research report on Tuesday, January 27th. HSBC increased their price target on Netflix from $106.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, April 10th. JPMorgan Chase & Co. reduced their price objective on Netflix from $120.00 to $118.00 and set an "overweight" rating for the company in a research note on Friday. TD Cowen lowered their target price on Netflix from $115.00 to $112.00 and set a "buy" rating on the stock in a research report on Wednesday, January 21st. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Netflix in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and fourteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and an average price target of $114.73.

Insider Activity

In related news, CEO Gregory K. Peters sold 105,781 shares of the business's stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $82.94, for a total transaction of $8,773,476.14. Following the transaction, the chief executive officer directly owned 122,140 shares in the company, valued at approximately $10,130,291.60. The trade was a 46.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Hyman sold 5,727 shares of the company's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $81.06, for a total transaction of $464,230.62. Following the completion of the sale, the insider directly owned 316,100 shares of the company's stock, valued at $25,623,066. The trade was a 1.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,487,794 shares of company stock valued at $136,255,772 over the last ninety days. Company insiders own 1.37% of the company's stock.

Netflix Trading Down 9.7%

NASDAQ NFLX opened at $97.31 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $92.20 and a 200 day simple moving average of $98.55. Netflix, Inc. has a 12 month low of $75.01 and a 12 month high of $134.12. The firm has a market capitalization of $410.86 billion, a P/E ratio of 31.43, a PEG ratio of 1.60 and a beta of 1.67.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.47. Netflix had a net margin of 28.52% and a return on equity of 43.01%. The firm had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.17 billion. During the same period in the previous year, the firm earned $6.61 EPS. The business'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. On average, analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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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