NewEdge Wealth LLC Has $19.94 Million Stock Position in Netflix, Inc. $NFLX

NewEdge Wealth LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1,296.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 212,701 shares of the Internet television network’s stock after purchasing an additional 197,467 shares during the period. NewEdge Wealth LLC’s holdings in Netflix were worth $19,943,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Stiles Financial Services Inc increased its position in Netflix by 403.7% during the fourth quarter. Stiles Financial Services Inc now owns 6,775 shares of the Internet television network’s stock worth $635,000 after buying an additional 5,430 shares during the last quarter. Triton Financial Group Inc lifted its position in shares of Netflix by 926.9% in the fourth quarter. Triton Financial Group Inc now owns 22,295 shares of the Internet television network’s stock worth $2,090,000 after buying an additional 20,124 shares during the last quarter. Brandywine Oak Private Wealth LLC boosted its stake in shares of Netflix by 872.6% during the 4th quarter. Brandywine Oak Private Wealth LLC now owns 8,578 shares of the Internet television network’s stock worth $804,000 after acquiring an additional 7,696 shares in the last quarter. Washington Trust Advisors Inc. increased its holdings in shares of Netflix by 903.3% during the 4th quarter. Washington Trust Advisors Inc. now owns 5,117 shares of the Internet television network’s stock valued at $480,000 after acquiring an additional 4,607 shares during the last quarter. Finally, Denali Advisors LLC increased its holdings in shares of Netflix by 899.6% during the 4th quarter. Denali Advisors LLC now owns 103,032 shares of the Internet television network’s stock valued at $9,660,000 after acquiring an additional 92,725 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Trending Headlines about Netflix

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?

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $87.45 on Friday. Netflix, Inc. has a 12 month low of $75.01 and a 12 month high of $134.12. The company has a market cap of $368.22 billion, a P/E ratio of 28.25, a P/E/G ratio of 1.11 and a beta of 1.55. The business’s 50 day moving average is $95.44 and its two-hundred day moving average is $95.92. 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 (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.47. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The company had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.17 billion. During the same period in the prior year, the business earned $6.61 earnings per share. Netflix’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. On average, equities analysts expect that Netflix, Inc. will post 3.6 EPS for the current year.

Insider Transactions at Netflix

In other news, CFO Spencer Adam Neumann sold 9,253 shares of the company’s stock in a transaction dated 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Theodore A. Sarandos sold 27,312 shares of Netflix stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $87.97, for a total value of $2,402,636.64. Following the sale, the chief executive officer directly owned 284,804 shares in the company, valued at approximately $25,054,207.88. This trade represents a 8.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 1,458,944 shares of company stock worth $138,141,007. 1.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NFLX. Morgan Stanley restated an “overweight” rating on shares of Netflix in a report on Friday, April 17th. Daiwa Securities Group increased their price target on Netflix from $97.00 to $102.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. DZ Bank reissued a “buy” rating on shares of Netflix in a research report on Friday, April 17th. Citigroup assumed coverage on shares of Netflix in a research note on Thursday, April 16th. They issued a “market perform” rating for the company. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Netflix in a research note on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.82.

Netflix Company 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.