Wesbanco Bank Inc. Has $16.35 Million Holdings in Netflix, Inc. $NFLX

Key Points

• Wesbanco Bank Inc. dramatically increased its Netflix stake by 1,166.4% in the fourth quarter, buying 160,625 more shares and bringing its total holdings to 174,396 shares valued at about $16.35 million.
• Despite some mixed signals, Wall Street sentiment remains constructive on Netflix, with the consensus rating at “Moderate Buy” and several analysts maintaining or raising price targets.
• Netflix’s most recent earnings showed better-than-expected results, with EPS of $1.23 versus $0.76 expected and revenue up 16.2% year over year to $12.25 billion.

Wesbanco Bank Inc. lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1,166.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 174,396 shares of the Internet television network's stock after purchasing an additional 160,625 shares during the period. Wesbanco Bank Inc.'s holdings in Netflix were worth $16,351,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of NFLX. Brighton Jones LLC lifted its holdings in shares of Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after purchasing an additional 257 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after purchasing an additional 144 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Netflix by 21.2% during the second quarter. Sivia Capital Partners LLC now owns 1,406 shares of the Internet television network's stock worth $1,883,000 after purchasing an additional 246 shares during the period. Strategic Investment Advisors MI lifted its holdings in shares of Netflix by 18.9% during the second quarter. Strategic Investment Advisors MI now owns 774 shares of the Internet television network's stock worth $1,036,000 after purchasing an additional 123 shares during the period. Finally, Schnieders Capital Management LLC. lifted its holdings in shares of Netflix by 12.1% during the second quarter. Schnieders Capital Management LLC. now owns 2,115 shares of the Internet television network's stock worth $2,832,000 after purchasing an additional 228 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Strong early reviews for Netflix’s new drama Remarkably Bright Creatures suggest a programming win that could help engagement and subscriber retention. Remarkably Bright Creatures Review
• Positive Sentiment: Recent analyst commentary remains constructive, with several firms maintaining or raising price targets and broader coverage still pointing to a “Moderate Buy” view. Netflix, Pulte, and Mobileye Are Buying Their Own Dips—Should You?
• Neutral Sentiment: Warner Bros. Discovery’s large quarterly loss included a $2.8 billion Netflix-related termination fee, but this is primarily an M&A accounting item for WBD rather than a direct operating signal for Netflix. WBD Logs $2.92B Loss
• Neutral Sentiment: Jim Cramer said Netflix is “not a buy, buy, buy,” reflecting caution around competition in streaming, but it was more of a valuation/positioning comment than a formal downgrade. Jim Cramer on Netflix
• Negative Sentiment: CEO Gregory K. Peters sold 27,312 shares and CFO Spencer Adam Neumann sold 9,253 shares on May 7, adding to recent insider selling and likely weighing on investor sentiment. Netflix Insider Selling
• Negative Sentiment: Technical and trading commentary points to continued weakness after the recent pullback, with the stock still below key moving averages and some investors questioning near-term upside. Is It Time To Reassess Netflix?

Insider Activity at Netflix

In other news, CEO Theodore A. Sarandos sold 27,312 shares of the company's stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $87.97, for a total transaction of $2,402,636.64. Following the transaction, the chief executive officer owned 284,804 shares in the company, valued at approximately $25,054,207.88. This represents a 8.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory K. Peters sold 27,312 shares of the company's stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $83.24, for a total transaction of $2,273,450.88. Following the transaction, the chief executive officer owned 122,140 shares in the company, valued at $10,166,933.60. This represents a 18.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,458,944 shares of company stock worth $138,141,007 over the last three months. 1.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of recent research reports. The Goldman Sachs Group upgraded shares of Netflix from a "neutral" rating to a "buy" rating in a report on Monday, April 13th. BMO Capital Markets cut their price target on shares of Netflix from $143.00 to $135.00 and set an "outperform" rating on the stock in a report on Wednesday, January 21st. China Renaissance boosted their target price on shares of Netflix from $90.00 to $100.00 and gave the company a "hold" rating in a report on Friday, April 17th. Barclays set a $110.00 target price on shares of Netflix and gave the company an "equal weight" rating in a report on Friday, April 17th. Finally, Evercore assumed coverage on shares of Netflix in a report on Friday, February 27th. They issued an "outperform" rating and a $115.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.82.

Netflix Price Performance

NFLX stock opened at $87.45 on Friday. The firm has a market cap of $368.22 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 1.12 and a beta of 1.55. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. Netflix, Inc. has a 12-month low of $75.01 and a 12-month high of $134.12. The company's fifty day simple moving average is $95.44 and its 200 day simple moving average is $96.08.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (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 for the quarter, compared to analyst estimates of $12.17 billion. During the same quarter in the previous year, the business earned $6.61 earnings per share. Netflix'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. On average, analysts expect that Netflix, Inc. will post 3.6 earnings per share 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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