Netflix, Inc. $NFLX Shares Sold by CPC Advisors LLC

Posted by Scott Moore on Jun 23rd, 2026

CPC Advisors LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 75.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,030 shares of the Internet television network’s stock after selling 46,424 shares during the period. CPC Advisors LLC’s holdings in Netflix were worth $1,445,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Brookstone Capital Management increased its stake in shares of Netflix by 8.9% in the first quarter. Brookstone Capital Management now owns 112,230 shares of the Internet television network’s stock worth $10,791,000 after buying an additional 9,217 shares during the last quarter. jvl associates llc bought a new position in shares of Netflix during the first quarter worth about $205,000. First Merchants Corp grew its stake in Netflix by 1,312.6% in the first quarter. First Merchants Corp now owns 39,129 shares of the Internet television network’s stock worth $3,762,000 after purchasing an additional 36,359 shares in the last quarter. Tactive Advisors LLC increased its holdings in Netflix by 18.0% in the first quarter. Tactive Advisors LLC now owns 9,832 shares of the Internet television network’s stock valued at $945,000 after buying an additional 1,502 shares during the last quarter. Finally, Smith Salley Wealth Management increased its holdings in Netflix by 6.8% in the first quarter. Smith Salley Wealth Management now owns 27,628 shares of the Internet television network’s stock valued at $2,656,000 after buying an additional 1,759 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Performance

Shares of NFLX stock opened at $72.88 on Tuesday. 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 business has a 50 day moving average of $88.30 and a two-hundred day moving average of $89.75. Netflix, Inc. has a 52 week low of $71.81 and a 52 week high of $134.12. The company has a market cap of $306.88 billion, a P/E ratio of 23.54, a PEG ratio of 0.98 and a beta of 1.50.

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, topping analysts’ consensus estimates of $0.76 by $0.47. The business had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The business’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the firm earned $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, analysts anticipate that Netflix, Inc. will post 3.6 EPS for the current year.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

Positive Sentiment: Netflix expanded its video podcast partnership with iHeartMedia, adding more iHeartPodcasts as video shows on the platform and strengthening its content offering. Netflix Expands Video Podcast Partnership with iHeartMedia
Positive Sentiment: Netflix bought a “Hot Ones” spinoff, a content deal that reinforces its rivalry with YouTube and supports its push into popular creator-driven programming. Netflix Buys a ‘Hot Ones’ Spinoff
Neutral Sentiment: Some commentary argues Netflix may look undervalued after the recent selloff, with analysts still seeing upside if the business continues to execute. Is Netflix Inc (NFLX) a Bargain After 5.8% Drop? GF Value Says Undervalued
Negative Sentiment: Investor sentiment was hurt by reports that Netflix was outbid or passed over on major acquisition targets, fueling concern that the company is missing strategic growth opportunities. After Missing Out on Roku, Netflix Claims It Won’t Buy Lionsgate. Here’s Why the Market Hates That Answer.
Negative Sentiment: Analysts and market commentators warned against “catching the falling knife,” reflecting concern that NFLX could remain under pressure after breaking to new lows. Netflix Stock Slump Continues: Citizens JMP Warns Against Catching the Falling Knife

Analysts Set New Price Targets

Several brokerages have issued reports on NFLX. Raymond James Financial restated a “market perform” rating on shares of Netflix in a research note on Thursday, May 14th. Cfra upgraded Netflix from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Friday, March 6th. DZ Bank reissued a “buy” rating on shares of Netflix in a research report on Friday, April 17th. Piper Sandler restated an “overweight” rating and set a $115.00 price objective (up from $103.00) on shares of Netflix in a research note on Friday, April 17th. Finally, Jefferies Financial Group decreased their price objective on shares of Netflix from $128.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $114.26.

Check Out Our Latest Research Report on Netflix

Insider Activity

In related news, CFO Spencer Adam Neumann sold 28,630 shares of the company’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $98.00, for a total transaction of $2,805,740.00. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares in the company, valued at $7,231,126. This represents a 27.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 27,312 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $88.69, for a total value of $2,422,301.28. Following the completion of the sale, the chief executive officer directly owned 120,931 shares in the company, valued at $10,725,370.39. This represents a 18.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,349,019 shares of company stock worth $123,105,721 over the last 90 days. Insiders own 1.24% of the company’s stock.

About Netflix

(Free Report)

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.