Xponance LLC Purchases 1,004,140 Shares of Netflix, Inc. $NFLX

Xponance LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 930.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,112,025 shares of the Internet television network’s stock after purchasing an additional 1,004,140 shares during the quarter. Netflix comprises about 0.8% of Xponance LLC’s investment portfolio, making the stock its 17th biggest position. Xponance LLC’s holdings in Netflix were worth $104,263,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Apriem Advisors lifted its position in Netflix by 0.6% in the 3rd quarter. Apriem Advisors now owns 1,567 shares of the Internet television network’s stock valued at $1,879,000 after purchasing an additional 9 shares during the last quarter. Tortoise Investment Management LLC lifted its position in Netflix by 10.8% in the 3rd quarter. Tortoise Investment Management LLC now owns 92 shares of the Internet television network’s stock valued at $110,000 after purchasing an additional 9 shares during the last quarter. Pacific Sun Financial Corp lifted its position in Netflix by 1.6% in the 3rd quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network’s stock valued at $688,000 after purchasing an additional 9 shares during the last quarter. Brass Tax Wealth Management Inc. lifted its position in Netflix by 3.2% in the 3rd quarter. Brass Tax Wealth Management Inc. now owns 288 shares of the Internet television network’s stock valued at $345,000 after purchasing an additional 9 shares during the last quarter. Finally, RS Crum Inc. lifted its position in Netflix by 3.6% in the 3rd quarter. RS Crum Inc. now owns 288 shares of the Internet television network’s stock valued at $345,000 after purchasing an additional 10 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Omdia forecasts Netflix could reach nearly 400 million subscribers by 2031, reinforcing its global leadership in streaming and supporting the long-term growth story. Omdia: Netflix to Reach 400 Million Subscribers by 2031, Maintaining Global Streaming Lead Despite Industry Consolidation
• Positive Sentiment: Evercore ISI reiterated a Buy rating and a $115 price target, citing upside from Netflix’s ad-tier growth and international expansion. Mahaney Reiterates Buy on Netflix, Maintains $115 Price Target Amid Ad-Tier and International Expansion Upside
• Positive Sentiment: Netflix is expanding its mobile app across Asia and increasing its focus on kids’ gaming, which could improve engagement and retention. Netflix expands revamped mobile app across Asia and doubles down on kids’ gaming
• Neutral Sentiment: Coverage highlighting Netflix as a potential buy for the next few months adds to the bull case, but it is mostly opinion-based rather than a new business catalyst. Netflix (NFLX): 10 Best Stocks to Buy Now For Next 3 Months
• Neutral Sentiment: New commentary on Netflix’s stock being “back on sale” suggests valuation appeal after the pullback, but does not point to a fresh operating catalyst. Netflix: A High-Quality Compounder Back On Sale
• Negative Sentiment: Jefferies cut its price target on Netflix to $110 from $128, saying the stock lacks clear near-term catalysts, which may pressure sentiment. Netflix Stock Gets Price-Target Cut On Lack Of Catalysts
• Negative Sentiment: Commentary from Jim Cramer that tech stocks may no longer lead the market adds to broader caution around the sector, including Netflix. Jim Cramer Discussed 15 Stocks, Including Broadcom, Netflix, and His Skepticism Toward Tech Stocks

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NFLX. Moffett Nathanson lifted their price objective on shares of Netflix from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Bank of America reiterated a “buy” rating and issued a $125.00 price objective on shares of Netflix in a research report on Monday, May 18th. Huber Research upgraded shares of Netflix from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, February 27th. Oppenheimer set a $120.00 price objective on shares of Netflix and gave the company an “outperform” rating in a research report on Friday, April 17th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Netflix in a research report on Friday, April 17th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average target price of $114.39.

Netflix Stock Performance

Shares of NFLX opened at $81.27 on Friday. The firm’s 50 day moving average is $91.23 and its 200-day moving average is $91.19. The stock has a market capitalization of $342.21 billion, a P/E ratio of 26.25, a P/E/G ratio of 1.04 and a beta of 1.50. 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, Inc. has a 12-month low of $75.01 and a 12-month high of $134.12.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data 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 company had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The business’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Equities research analysts anticipate that Netflix, Inc. will post 3.6 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Spencer Adam Neumann sold 28,630 shares of Netflix stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $98.00, for a total value of $2,805,740.00. Following the transaction, the chief financial officer owned 73,787 shares of the company’s stock, valued at $7,231,126. The trade was a 27.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Theodore A. Sarandos sold 27,312 shares of Netflix stock in a transaction that occurred on Tuesday, May 5th. The stock was 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 directly owned 284,804 shares in the company, valued at $25,054,207.88. This represents a 8.75% decrease in their position. 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 three months, insiders have sold 1,313,029 shares of company stock worth $120,315,776. 1.24% of the stock is owned by insiders.

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.