Netflix, Inc. $NFLX Shares Purchased by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 826.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,151 shares of the Internet television network’s stock after purchasing an additional 9,055 shares during the period. Legacy Capital Group California Inc.’s holdings in Netflix were worth $952,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale increased its position in Netflix by 0.7% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 348,676 shares of the Internet television network’s stock valued at $32,692,000 after acquiring an additional 2,500 shares during the period. Fairway Wealth LLC grew its stake in shares of Netflix by 986.1% in the fourth quarter. Fairway Wealth LLC now owns 2,270 shares of the Internet television network’s stock worth $213,000 after purchasing an additional 2,061 shares in the last quarter. Manuka Financial LLC grew its stake in shares of Netflix by 697.0% in the fourth quarter. Manuka Financial LLC now owns 2,957 shares of the Internet television network’s stock worth $277,000 after purchasing an additional 2,586 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of Netflix by 913.2% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 35,370 shares of the Internet television network’s stock valued at $3,027,000 after purchasing an additional 31,879 shares during the period. Finally, Milestone Asset Management LLC bought a new position in shares of Netflix in the fourth quarter valued at approximately $614,000. 80.93% of the stock is owned by institutional investors.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Board approves an additional $25 billion share-repurchase authorization (adds to prior program, no expiration) — a major capital-return move designed to support the stock and signal confidence from management. Netflix Buying Back $25 Billion in Stock After Share Decline
• Positive Sentiment: Netflix is pushing product innovation to drive retention: a TikTok-style vertical video feed for mobile to capture “snackable” viewing and boost engagement that could lift long-term monetization and ad revenue. Netflix Eyes TikTok-Style Feed To Capture ‘Snackable’ Viewing
• Positive Sentiment: Netflix is in talks to buy the Radford Studio Center (historic LA lot), a move that could lower production costs and secure capacity for originals — strategic for content control and margin leverage. Netflix In Negotiations To Buy Radford Studios
• Neutral Sentiment: Analysts and outlets are framing the post-earnings selloff as a buying opportunity — some maintain Buy ratings and higher-term optimism, arguing the pullback reflects near-term guidance disappointment rather than a structural problem. Buy the Dip in Netflix Stock Now, Says JPMorgan
• Negative Sentiment: Near-term weakness after Q1: investors punished the stock following results and a softer outlook/guidance that missed some expectations, leading to a sharp pullback and the need for the buyback to stabilize sentiment. 5 Insightful Analyst Questions From Netflix’s Q1 Earnings Call
• Negative Sentiment: Leadership transition headlines (reports that co-founder Reed Hastings is stepping back) add uncertainty about strategic direction and may keep volatility elevated until management clarity is fully digested. Reed Hastings Is Quitting at Netflix. Should You Quit NFLX Stock?

Netflix Stock Up 1.0%

Shares of NFLX stock opened at $94.15 on Thursday. The stock’s 50 day simple moving average is $92.95 and its 200 day simple moving average is $97.90. Netflix, Inc. has a twelve month low of $75.01 and a twelve month high of $134.12. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.19 and a current ratio of 1.41. The company has a market capitalization of $396.43 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 1.20 and a beta of 1.67.

Netflix (NASDAQ:NFLX) last announced 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 return on equity of 40.92% and a net margin of 28.52%.The company had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.17 billion. During the same quarter last year, the company posted $6.61 earnings per share. The company’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. As a group, research analysts predict that Netflix, Inc. will post 3.53 EPS for the current year.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 27,312 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $83.24, for a total value of $2,273,450.88. Following the completion of the sale, the chief executive officer directly owned 122,140 shares of the company’s stock, valued at $10,166,933.60. This represents a 18.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Cletus R. Willems sold 3,136 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $82.67, for a total value of $259,253.12. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,487,794 shares of company stock valued at $136,255,772 in the last quarter. Insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Canaccord Genuity Group set a $125.00 target price on Netflix and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Rothschild & Co Redburn set a $120.00 price objective on Netflix in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft boosted their target price on Netflix from $98.00 to $100.00 and gave the company a “hold” rating in a research note on Tuesday, April 14th. Benchmark reiterated a “hold” rating on shares of Netflix in a report on Tuesday, January 13th. Finally, Phillip Securities increased their price objective on Netflix from $100.00 to $110.00 in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $114.53.

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.