Netflix, Inc. $NFLX Shares Sold by Main Street Research LLC

Main Street Research LLC lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 74.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,673 shares of the Internet television network’s stock after selling 7,948 shares during the period. Main Street Research LLC’s holdings in Netflix were worth $257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of NFLX. Imprint Wealth LLC purchased a new position in shares of Netflix during the third quarter worth about $25,000. First Financial Corp IN increased its holdings in Netflix by 900.0% in the fourth quarter. First Financial Corp IN now owns 270 shares of the Internet television network’s stock valued at $25,000 after buying an additional 243 shares in the last quarter. DiNuzzo Private Wealth Inc. raised its holdings in Netflix by 885.2% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 239 shares during the last quarter. Turning Point Benefit Group Inc. boosted its position in shares of Netflix by 13,400.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network’s stock worth $25,000 after buying an additional 268 shares in the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of Netflix in the fourth quarter valued at about $26,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Trading Down 0.2%

NASDAQ NFLX opened at $75.47 on Friday. The firm has a market capitalization of $317.79 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 0.96 and a beta of 1.52. The company has a 50-day simple moving average of $82.15 and a 200-day simple moving average of $87.73. Netflix, Inc. has a one year low of $70.86 and a one year high of $128.96. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share 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%.The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same period last year, the company earned $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, equities analysts forecast that Netflix, Inc. will post 3.6 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on NFLX shares. KeyCorp reaffirmed an “overweight” rating and set a $115.00 price objective (up from $108.00) on shares of Netflix in a research note on Tuesday, April 14th. Phillip Securities increased their target price on Netflix from $100.00 to $110.00 in a research report on Monday, April 20th. Erste Group Bank cut shares of Netflix from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Moffett Nathanson reduced their price objective on Netflix from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, June 17th. Finally, Wolfe Research restated an “outperform” rating and issued a $107.00 target price on shares of Netflix in a research note on Friday, April 17th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $113.65.

Insider Activity at Netflix

In related news, Director Bradford L. Smith sold 35,990 shares of Netflix stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $77.52, for a total transaction of $2,789,944.80. Following the transaction, the director directly owned 79,690 shares of the company’s stock, valued at $6,177,568.80. The trade was a 31.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David A. Hyman sold 5,722 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $88.08, for a total value of $503,993.76. Following the sale, the insider owned 316,100 shares of the company’s stock, valued at $27,842,088. This trade represents a 1.78% 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. Insiders sold 899,839 shares of company stock worth $80,141,661 in the last three months. Insiders own 1.24% of the company’s stock.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Negative Sentiment: A Wall Street Journal report said Netflix is exploring live TV-style channels, third-party app bundles, and other product changes because viewer engagement is slipping, which raised concerns that the company is searching for new ways to keep users hooked. Netflix Is Exploring Live TV and Bundles as It Struggles to Keep Viewers Hooked
• Negative Sentiment: Additional reports highlighted that engagement is starting to slip, with some commentary suggesting Netflix’s biggest hits are no longer holding audiences as long as before, reinforcing worries about slowing momentum. Netflix Faces New Warning Sign as Viewer Engagement Starts to Drop
• Neutral Sentiment: Jefferies reiterated a Buy rating and a $110 price target, but said it sees limited near-term upside catalyst, with investors likely to stay focused on subscriber trends, margins, and management guidance into earnings. Netflix heads into Q2 earnings as Jefferies sees limited upside catalyst
• Neutral Sentiment: Netflix is also being watched for strategic shifts such as gaming, short-form video, and lifestyle content, which could expand engagement over time but also underline that the company is still testing new growth levers. Netflix (NFLX) Is Betting On Gaming Again, But Analysts Don’t Like The Move
• Neutral Sentiment: The upcoming earnings report on July 16 is the main catalyst, with investors looking for signs on subscriber growth, ad revenue, and guidance that could either stabilize the stock or extend its decline. Netflix (NFLX) to Report Q2 Earnings on July 16. Here’s What Benchmark and Citi Expect

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.