Retirement Planning Group LLC Sells 12,470 Shares of Netflix, Inc. $NFLX

Retirement Planning Group LLC reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 52.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,138 shares of the Internet television network’s stock after selling 12,470 shares during the quarter. Retirement Planning Group LLC’s holdings in Netflix were worth $1,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Netflix by 912.5% in the 4th quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network’s stock valued at $36,567,805,000 after acquiring an additional 351,493,659 shares during the period. State Street Corp lifted its holdings in Netflix by 927.6% during the fourth quarter. State Street Corp now owns 176,780,995 shares of the Internet television network’s stock valued at $16,574,986,000 after purchasing an additional 159,578,053 shares during the last quarter. Geode Capital Management LLC boosted its position in Netflix by 892.0% during the fourth quarter. Geode Capital Management LLC now owns 99,598,678 shares of the Internet television network’s stock worth $9,305,336,000 after purchasing an additional 89,558,684 shares during the period. Capital World Investors boosted its position in Netflix by 859.1% during the fourth quarter. Capital World Investors now owns 89,341,444 shares of the Internet television network’s stock worth $8,376,656,000 after purchasing an additional 80,025,890 shares during the period. Finally, Morgan Stanley boosted its position in Netflix by 903.0% during the fourth quarter. Morgan Stanley now owns 85,349,973 shares of the Internet television network’s stock worth $8,002,414,000 after purchasing an additional 76,840,318 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Netflix news, Director Reed Hastings sold 386,700 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $85.97, for a total value of $33,244,599.00. Following the transaction, the director directly owned 3,940 shares in the company, valued at $338,721.80. This represents a 98.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory K. Peters sold 27,312 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 899,839 shares of company stock valued at $80,141,661 in the last ninety days. 1.24% of the stock is owned by insiders.

Netflix Stock Performance

Netflix stock opened at $73.53 on Wednesday. Netflix, Inc. has a 1-year low of $70.86 and a 1-year high of $127.75. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $309.62 billion, a PE ratio of 23.75, a price-to-earnings-growth ratio of 0.94 and a beta of 1.52. The firm’s 50 day simple moving average is $81.09 and its 200 day simple moving average is $87.31.

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. The firm had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The business’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period last year, the firm earned $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, analysts expect that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. TD Cowen reissued a “buy” rating on shares of Netflix in a research report on Thursday, May 14th. Seaport Research Partners raised their price objective on shares of Netflix from $115.00 to $119.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Wedbush reiterated an “outperform” rating and issued a $118.00 price objective on shares of Netflix in a research note on Thursday, April 16th. Bank of America reiterated a “buy” rating and issued a $125.00 price objective on shares of Netflix in a research note on Monday, May 18th. Finally, Wolfe Research reissued an “outperform” rating and set a $107.00 target price on shares of Netflix in a report on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average target price of $111.29.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Several firms remain constructive ahead of earnings, with Bank of America, TD Cowen, and Rosenblatt reiterating bullish or neutral-to-positive views and pointing to upside from advertising growth, stronger content, and margin expansion. Netflix set to report earnings as investors focus on engagement trends, strategic priorities
• Positive Sentiment: Netflix recently secured exclusive MLB Home Run Derby streaming rights, giving it a new live-sports event that could support subscriber engagement and expand its content strategy beyond traditional streaming. Can These 12 States Sink The Paramount-Warner Bros. Deal?
• Neutral Sentiment: Traders are positioning for a large post-earnings move, with options pricing implying roughly an 8% swing after results; that reflects uncertainty rather than a clear directional signal. Netflix Stock Price Braces for an 8% Move as Q2 Earnings Near
• Neutral Sentiment: Media coverage continues to frame Netflix as a Wall Street favorite but also a target for regulators, especially as its monthly subscription price has risen sharply over the past year. Your monthly Netflix bill is up 29% in just over a year. Critics say Washington needs to fix it.
• Negative Sentiment: Multiple articles highlight that Netflix shares have been sliding in 2026, with concerns over engagement trends, competition, and whether the ad business is scaling fast enough to justify the valuation. 3 reasons why Netflix shares are down 20% in 2026
• Negative Sentiment: Several previews suggest a tough quarter and warn that disappointing earnings or guidance could push the stock to its lowest level in nearly two years, keeping bearish sentiment elevated heading into the report. Here’s How Much Traders See Netflix Stock Moving After Earnings This Week

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.