Cullinan Associates Inc. Grows Stake in Netflix, Inc. $NFLX

Cullinan Associates Inc. lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 953.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,700 shares of the Internet television network’s stock after buying an additional 12,400 shares during the period. Cullinan Associates Inc.’s holdings in Netflix were worth $1,285,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NFLX. Brighton Jones LLC boosted its position 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 valued at $4,804,000 after buying an additional 257 shares during the last quarter. Revolve Wealth Partners LLC boosted its position 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 valued at $912,000 after buying an additional 144 shares during the last quarter. Sivia Capital Partners LLC boosted its position 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 valued at $1,883,000 after buying an additional 246 shares during the last quarter. Strategic Investment Advisors MI boosted its position 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 valued at $1,036,000 after buying an additional 123 shares during the last quarter. Finally, Schnieders Capital Management LLC. boosted its position 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 valued at $2,832,000 after buying an additional 228 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Q1 results contained bullish signals—revenue growth and margin strength that some analysts say Wall Street underreacted to, making the sell-off look like a buying opportunity. 1 Reason Netflix’s Sell-Off Is a Gift for Investors
• Positive Sentiment: Netflix expanded share-buyback capacity with a new $25 billion authorization—a direct capital-return move that supports the stock and reduces share count over time. Netflix, Inc. (NFLX) Expands Buyback Capacity with New $25B Authorization
• Positive Sentiment: Product innovation: Netflix is pushing mobile-first features (vertical “Clips” feed) to boost engagement and discoverability on phones — a strategic move to grow viewing and ad/retention metrics. Netflix wants you to watch ‘Clips,’ its TikTok-like vertical video feed
• Positive Sentiment: Analyst models nudged up: Erste Group raised FY2026/27 EPS forecasts slightly, signaling some analyst confidence in near-term earnings power. Analyst estimate update
• Neutral Sentiment: Content pipeline: May streaming highlights (new films/series) can help engagement but are incremental versus macro drivers. Here’s what’s worth streaming in May 2026
• Neutral Sentiment: Longer-term growth debates continue (e.g., live sports expansion could be a meaningful upside but is execution-dependent). Could Live Sports Be the Winning Play for Netflix’s Future Revenue?
• Neutral Sentiment: Valuation comparisons (SIRI vs NFLX) and analyst “hold” views keep some investors on the sidelines; valuation remains a key debate. SIRI vs. NFLX: Which Stock Is the Better Value Option?
• Negative Sentiment: Post-earnings dip and some “hold” recommendations reflect caution — critics say the recent pullback hasn’t made NFLX cheap enough for all investors. Buy, Sell or Hold NFLX Stock After the Dip?
• Negative Sentiment: Shareholder activism is putting governance and valuation under the microscope, which can raise short-term uncertainty even if it leads to better capital allocation long term. Netflix Shareholder Activism Puts Governance And Valuation In Focus

Netflix Price Performance

NASDAQ NFLX opened at $93.61 on Friday. Netflix, Inc. has a 52 week low of $75.01 and a 52 week high of $134.12. The firm has a market capitalization of $394.17 billion, a P/E ratio of 30.24, a PEG ratio of 1.18 and a beta of 1.67. 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 50-day moving average price of $94.81 and a 200-day moving average price of $96.77.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 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 firm had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.17 billion. During the same quarter in the prior 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. Equities research analysts anticipate that Netflix, Inc. will post 3.56 earnings per share for the current year.

Insider Activity

In other news, CFO Spencer Adam Neumann sold 28,630 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $98.00, for a total transaction of $2,805,740.00. Following the completion of the sale, the chief financial officer owned 73,787 shares of the company’s stock, valued at $7,231,126. This represents a 27.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory K. Peters sold 27,312 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $83.24, for a total value of $2,273,450.88. Following the completion of the transaction, the chief executive officer directly owned 122,140 shares in the company, valued at $10,166,933.60. This trade represents a 18.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,382,013 shares of company stock worth $127,482,296. Company insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent analyst reports. Pivotal Research set a $96.00 price objective on Netflix and gave the company a “hold” rating in a research report on Friday, April 17th. TD Cowen dropped their price objective on Netflix from $115.00 to $112.00 and set a “buy” rating on the stock in a research report on Wednesday, January 21st. Wolfe Research reaffirmed an “outperform” rating and set a $107.00 price objective on shares of Netflix in a research report on Friday, April 17th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Netflix in a research report on Wednesday, April 22nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $118.00 price objective on shares of Netflix in a research report on Thursday, April 16th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average price target of $114.82.

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.