Netflix, Inc. $NFLX Shares Acquired by Pegasus Asset Management Inc.

Pegasus Asset Management Inc. lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2,069.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,015 shares of the Internet television network’s stock after buying an additional 47,710 shares during the period. Netflix accounts for approximately 1.5% of Pegasus Asset Management Inc.’s holdings, making the stock its 23rd biggest position. Pegasus Asset Management Inc.’s holdings in Netflix were worth $4,809,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of NFLX. Aaron Wealth Advisors LLC lifted its holdings in Netflix by 4.3% in the first quarter. Aaron Wealth Advisors LLC now owns 40,651 shares of the Internet television network’s stock worth $3,909,000 after acquiring an additional 1,670 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Netflix during the first quarter valued at approximately $47,363,000. Dagco Inc. grew its holdings in shares of Netflix by 83.1% during the first quarter. Dagco Inc. now owns 2,069 shares of the Internet television network’s stock valued at $199,000 after purchasing an additional 939 shares during the last quarter. First American Bank raised its position in shares of Netflix by 13.4% during the 1st quarter. First American Bank now owns 34,264 shares of the Internet television network’s stock worth $3,294,000 after purchasing an additional 4,060 shares during the period. Finally, Kestra Private Wealth Services LLC raised its position in shares of Netflix by 1.4% during the 1st quarter. Kestra Private Wealth Services LLC now owns 317,853 shares of the Internet television network’s stock worth $30,562,000 after purchasing an additional 4,294 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

NFLX opened at $70.90 on Friday. The firm has a market capitalization of $298.55 billion, a P/E ratio of 22.90, a PEG ratio of 0.91 and a beta of 1.50. The stock has a fifty day moving average of $86.36 and a 200-day moving average of $89.10. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. Netflix, Inc. has a 12-month low of $70.86 and a 12-month high of $134.12.

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

Insiders Place Their Bets

In other Netflix news, Director Reed Hastings sold 386,700 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $85.97, for a total value of $33,244,599.00. Following the transaction, the director owned 3,940 shares in the company, valued at approximately $338,721.80. This represents a 98.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Adam Neumann sold 9,253 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $88.95, for a total transaction of $823,054.35. Following the completion of the sale, the chief financial officer owned 73,787 shares of the company’s stock, valued at approximately $6,563,353.65. The trade was a 11.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,349,019 shares of company stock valued at $123,105,721 over the last ninety days. Insiders own 1.24% of the company’s stock.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix announced a new AI advertising partnership with Omnicom Media, combining Acxiom audience data with Netflix’s ad tech to create hyper-personalized, dynamically generated ads. The deal supports Netflix’s push to grow its ad-supported business and could open a new revenue stream. Netflix (NFLX) Teams Up With Omnicom Media To Bring AI Ads Onto The Platform
• Positive Sentiment: Netflix continues expanding beyond core streaming, with recent coverage highlighting growth opportunities in advertising, live events, and gaming. Investors looking for a turnaround may see these initiatives as long-term catalysts. Netflix’s Next Act: Beyond Streaming
• Positive Sentiment: Netflix previewed a new slate of animated projects at the Annecy International Animation Film Festival, reinforcing that its content pipeline remains active and that hits from animation could support engagement and subscriber retention. Netflix Previews New Slate At Annecy International Animation Film Fest
• Neutral Sentiment: Recent commentary from analysts and media outlets has focused on Netflix’s weak share performance, its 18-20 month lows, and speculation about acquisitions or “future” growth strategies; these articles reflect sentiment rather than a specific operational update. Netflix is growing but its stock price is shrinking, as the specter of M&A spooks investors
• Neutral Sentiment: Short-interest data showed no meaningful change, so it does not appear to be a major driver of the stock’s move today.
• Negative Sentiment: Multiple reports emphasized that NFLX has fallen sharply from recent highs and is trading near its 52-week low, underscoring investor concern about slowing momentum and valuation risk. Netflix Stock Craters To Lowest Level In 20 Months
• Negative Sentiment: Ongoing criticism that Netflix may be “desperate” to pursue major acquisitions or other big strategic moves is weighing on sentiment, as investors worry about execution and capital allocation. ‘Think About the Future,’ Says Investor About Netflix Stock

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NFLX. Piper Sandler restated an “overweight” rating and set a $115.00 price objective (up from $103.00) on shares of Netflix in a research report on Friday, April 17th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Netflix in a research report on Thursday, June 4th. Barclays set a $110.00 target price on Netflix and gave the company an “equal weight” rating in a research note on Friday, April 17th. Morgan Stanley reissued an “overweight” rating on shares of Netflix in a report on Friday, April 17th. Finally, Arete Research upgraded shares of Netflix from a “neutral” rating to a “buy” rating in a research report on Friday, February 27th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $114.26.

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.