Netflix, Inc. $NFLX Shares Purchased by State of Wisconsin Investment Board

State of Wisconsin Investment Board increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 861.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,245,114 shares of the Internet television network’s stock after acquiring an additional 2,011,694 shares during the quarter. Netflix makes up approximately 0.5% of State of Wisconsin Investment Board’s holdings, making the stock its 25th biggest holding. State of Wisconsin Investment Board’s holdings in Netflix were worth $210,502,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Captrust Financial Advisors grew its position in Netflix by 932.2% in the 4th quarter. Captrust Financial Advisors now owns 1,142,511 shares of the Internet television network’s stock worth $107,122,000 after purchasing an additional 1,031,820 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of Netflix by 360.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 4,510,397 shares of the Internet television network’s stock valued at $422,895,000 after acquiring an additional 3,531,194 shares in the last quarter. Fred Alger Management LLC lifted its stake in Netflix by 688.5% during the fourth quarter. Fred Alger Management LLC now owns 2,752,067 shares of the Internet television network’s stock valued at $258,034,000 after purchasing an additional 2,403,053 shares during the last quarter. Howard Hughes Medical Institute lifted its stake in Netflix by 892.4% during the fourth quarter. Howard Hughes Medical Institute now owns 913 shares of the Internet television network’s stock valued at $86,000 after purchasing an additional 821 shares during the last quarter. Finally, Mar Vista Investment Partners LLC acquired a new stake in Netflix during the fourth quarter valued at approximately $11,855,000. Institutional investors own 80.93% of the company’s stock.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Negative Sentiment: Netflix reportedly is not pursuing Lionsgate Studios, cooling takeover hopes that had lifted the stock and sending Lionsgate shares lower after hours. Lionsgate Studios falls after-hours on report Netflix isn’t interested
• Negative Sentiment: Fox’s acquisition of Roku is being viewed as a strategic setback for Netflix because it strengthens a rival in streaming distribution and may make Netflix’s growth path more difficult. Why Fox-Roku deal is hitting Netflix stock today
• Negative Sentiment: Market commentary says Netflix has lost out on another big acquisition battle, including earlier Warner Bros. Discovery interest, reinforcing concerns that it may struggle to secure premium assets in a consolidating industry. Netflix (NFLX) Has Lost Out on Another Big Acquisition and Its Stock Is Being Punished
• Neutral Sentiment: Netflix expanded its iHeartMedia partnership with new celebrity-driven podcast and live video content, which supports engagement but is not yet a clear near-term stock catalyst. Netflix expands iHeartMedia partnership, adds Kate Hudson, Martha Stewart podcast shows
• Neutral Sentiment: Netflix announced it will report second-quarter 2026 results on July 16, giving investors a nearer-term event to watch for updates on subscriber growth, advertising, and margins. Netflix to Announce Second Quarter 2026 Financial Results

Insider Buying and Selling

In other Netflix news, Director Reed Hastings sold 386,700 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $85.97, for a total value of $33,244,599.00. Following the completion of the sale, the director owned 3,940 shares in the company, valued at $338,721.80. This represents a 98.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Adam Neumann sold 9,253 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was 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. The trade was 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 worth $120,315,776. Insiders own 1.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. New Street Research increased their target price on shares of Netflix from $96.00 to $102.00 in a research note on Friday, April 17th. Phillip Securities increased their target price on shares of Netflix from $100.00 to $110.00 in a research note on Monday, April 20th. Oppenheimer set a $120.00 target price on shares of Netflix and gave the company an “outperform” rating in a research note on Friday, April 17th. Raymond James Financial restated a “market perform” rating on shares of Netflix in a research report on Thursday, May 14th. Finally, Wolfe Research restated an “outperform” rating and issued a $107.00 price target on shares of Netflix in a research report on Friday, April 17th. Two equities 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 stock. Based on data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $114.39.

Netflix Stock Down 3.6%

NFLX stock opened at $78.72 on Wednesday. Netflix, Inc. has a 12-month low of $75.01 and a 12-month high of $134.12. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The company has a market cap of $331.47 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 1.04 and a beta of 1.50. The company has a 50 day moving average of $90.19 and a two-hundred day moving average of $90.65.

Netflix (NASDAQ:NFLX) last released its earnings results 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 40.92%. The company had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.17 billion. During the same quarter in the prior year, the firm earned $6.61 EPS. The company’s 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. On average, equities analysts anticipate that Netflix, Inc. will post 3.6 earnings per share 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.