Netflix, Inc. $NFLX Shares Acquired by Jacksonville Wealth Management LLC

Jacksonville Wealth Management LLC boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 886.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 21,529 shares of the Internet television network’s stock after purchasing an additional 19,347 shares during the quarter. Netflix comprises 1.4% of Jacksonville Wealth Management LLC’s investment portfolio, making the stock its 20th biggest position. Jacksonville Wealth Management LLC’s holdings in Netflix were worth $2,019,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Vanguard Group Inc. grew its position in shares of Netflix by 912.5% in the fourth quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network’s stock valued at $36,567,805,000 after purchasing an additional 351,493,659 shares during the period. Baillie Gifford & Co. boosted its holdings in Netflix by 912.3% in the 4th quarter. Baillie Gifford & Co. now owns 36,940,035 shares of the Internet television network’s stock worth $3,463,498,000 after buying an additional 33,290,988 shares during the last quarter. Jennison Associates LLC boosted its holdings in Netflix by 639.9% in the 4th quarter. Jennison Associates LLC now owns 34,871,951 shares of the Internet television network’s stock worth $3,269,594,000 after buying an additional 30,158,900 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in Netflix by 891.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,099,908 shares of the Internet television network’s stock worth $1,134,487,000 after buying an additional 10,879,276 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Netflix by 850.7% during the fourth quarter. Principal Financial Group Inc. now owns 10,858,157 shares of the Internet television network’s stock valued at $1,018,062,000 after acquiring an additional 9,716,017 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix said it has spent more than $135 billion on film and TV over the past decade, reinforcing its scale, content dominance, and position as the leader in streaming. Netflix spent over $135 billion on film, TV over last decade
• Positive Sentiment: Netflix’s recent earnings were solid, with revenue and EPS beating expectations, showing that the business still has strong profitability and growth momentum.
• Neutral Sentiment: Commentary around Wall Street’s view of Netflix suggests investors are still debating the stock’s near-term direction, with sentiment not clearly one-sided. Is Wall Street Bullish or Bearish on Netflix Stock?
• Neutral Sentiment: Media coverage around Netflix’s presence at TV upfronts and higher pricing reflects ongoing monetization efforts, but this is more of a longer-term strategic theme than an immediate stock driver. At TV upfronts, AI is in and corporate shuffles are reshaping the line-up
• Negative Sentiment: Texas Attorney General Ken Paxton sued Netflix, accusing it of illegally collecting user data, spying on consumers, and designing the platform to be addictive; the lawsuit could create legal, regulatory, and reputational pressure on the company. Netflix sued by Texas for allegedly spying on consumers

Netflix Trading Down 2.3%

Shares of NFLX stock opened at $85.45 on Tuesday. The company has a 50-day moving average of $95.55 and a two-hundred day moving average of $95.62. The firm has a market cap of $359.81 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 1.11 and a beta of 1.55. Netflix, Inc. has a 1-year low of $75.01 and a 1-year high of $134.12. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41.

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

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 9,253 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $88.95, for a total value 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 trade represents a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Theodore A. Sarandos sold 27,312 shares of Netflix stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $87.97, for a total transaction of $2,402,636.64. Following the completion of the transaction, the chief executive officer owned 284,804 shares of the company’s stock, valued at $25,054,207.88. This trade represents a 8.75% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 1,422,769 shares of company stock valued at $135,144,073. Corporate insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NFLX. The Goldman Sachs Group raised Netflix from a “neutral” rating to a “buy” rating in a research note on Monday, April 13th. Freedom Capital upgraded Netflix from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Wells Fargo & Company assumed coverage on shares of Netflix in a research note on Monday, March 9th. They set an “equal weight” rating and a $105.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating on shares of Netflix in a research report on Friday, April 17th. Finally, Seaport Research Partners boosted their price target on shares of Netflix from $115.00 to $119.00 and gave the stock a “buy” rating in a research report 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 given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $114.82.

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.