Prestige Wealth Management Group LLC Buys 11,825 Shares of Netflix, Inc. $NFLX

Prestige Wealth Management Group LLC lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 511.5% in the 4th quarter, Holdings Channel reports. The fund owned 14,137 shares of the Internet television network’s stock after acquiring an additional 11,825 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Netflix were worth $1,325,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. BBR Partners LLC increased its position in shares of Netflix by 827.8% during the fourth quarter. BBR Partners LLC now owns 2,700 shares of the Internet television network’s stock worth $253,000 after acquiring an additional 2,409 shares in the last quarter. Horizon Bancorp Inc. IN increased its position in shares of Netflix by 906.6% during the fourth quarter. Horizon Bancorp Inc. IN now owns 1,671 shares of the Internet television network’s stock worth $157,000 after acquiring an additional 1,505 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Netflix by 698.6% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 136,562 shares of the Internet television network’s stock worth $12,803,000 after acquiring an additional 119,461 shares in the last quarter. SlateStone Wealth LLC increased its position in shares of Netflix by 1,564.7% during the fourth quarter. SlateStone Wealth LLC now owns 13,484 shares of the Internet television network’s stock worth $1,264,000 after acquiring an additional 12,674 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its holdings in Netflix by 1,042.6% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 401,245 shares of the Internet television network’s stock worth $37,617,000 after purchasing an additional 366,129 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Pivotal Research set a $96.00 target price on shares of Netflix and gave the stock a “hold” rating in a report on Friday, April 17th. Wolfe Research restated an “outperform” rating and set a $107.00 target price on shares of Netflix in a report on Friday, April 17th. Jefferies Financial Group reduced their target price on shares of Netflix from $134.00 to $128.00 and set a “buy” rating for the company in a report on Friday, April 17th. Moffett Nathanson increased their target price on shares of Netflix from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Finally, Raymond James Financial restated a “market perform” rating on shares of Netflix in a report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $114.82.

Netflix Stock Performance

Shares of NFLX stock opened at $81.56 on Friday. The stock has a market cap of $343.43 billion, a P/E ratio of 26.34, a P/E/G ratio of 1.04 and a beta of 1.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41. The company has a fifty day moving average price of $92.41 and a two-hundred day moving average price of $92.43. Netflix, Inc. has a one year low of $75.01 and a one year high of $134.12.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.47. The firm had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The company’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter last year, the company posted $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, equities analysts predict that Netflix, Inc. will post 3.6 EPS for the current year.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix shares rose after Canada reversed a proposed rule that would have forced U.S. streaming services to contribute 15% of Canadian revenue to local content, removing a potential cost headwind. Netflix Stock Rises After Eight-Day Losing Streak. What’s Fueling the Move.
• Positive Sentiment: Netflix is rolling out new generative-AI recommendation tools and testing voice-based search, which could improve user engagement and make content discovery easier. Netflix Bets On AI Tools As Stock Trades Below Analyst Targets
• Positive Sentiment: Bernstein said Netflix’s core business remains strong, suggesting the recent pullback may be more about sentiment than fundamentals. Don’t Ignore This, Bernstein Analyst Says Netflix’s (NFLX) Core Engine Remains Strong
• Positive Sentiment: FIFA will launch a World Cup game on Netflix Games next week, adding another content/gaming tie-in that could support the platform’s ecosystem. FIFA unveils Netflix World Cup game timed for 2026 tournament kickoff
• Neutral Sentiment: Analysts and media reports continue to debate whether Netflix’s recent weakness is a buying opportunity or a sign of slowing momentum, with no clear consensus shift today. Netflix investors are getting squeamish as Amazon makes inroads in the battle for streaming dominance
• Neutral Sentiment: Reed Hastings’ sale of 386,700 shares was disclosed as part of a pre-arranged 10b5-1 plan, so it may add to headline pressure but is not necessarily a bearish operating signal. Insider Selling: Netflix (NASDAQ:NFLX) Director Sells 386,700 Shares of Stock
• Negative Sentiment: Investor concern remains elevated because NFLX has been in a prolonged losing streak, with multiple reports highlighting weaker price momentum and worries about competition from Amazon and others. Netflix Stock Is on Track for Its Longest Losing Streak Since 2022

Insider Transactions at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 27,312 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $87.97, for a total value of $2,402,636.64. Following the completion of the sale, the chief executive officer owned 284,804 shares in the company, valued at $25,054,207.88. This trade represents a 8.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Spencer Adam Neumann sold 9,253 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $88.95, for a total transaction of $823,054.35. Following the completion of 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 position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,313,029 shares of company stock valued at $120,315,776. 1.24% of the stock is owned by company insiders.

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.