Confluence Wealth Services Inc. Acquires 17,416 Shares of Netflix, Inc. $NFLX

Confluence Wealth Services Inc. boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 775.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,663 shares of the Internet television network’s stock after buying an additional 17,416 shares during the period. Confluence Wealth Services Inc.’s holdings in Netflix were worth $1,844,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Hengehold Capital Management LLC boosted its stake in Netflix by 3.3% during the third quarter. Hengehold Capital Management LLC now owns 282 shares of the Internet television network’s stock valued at $338,000 after buying an additional 9 shares during the period. Financial Partners Group Inc boosted its stake in Netflix by 0.9% during the third quarter. Financial Partners Group Inc now owns 969 shares of the Internet television network’s stock valued at $1,162,000 after buying an additional 9 shares during the period. Seascape Capital Management boosted its stake in Netflix by 1.6% during the third quarter. Seascape Capital Management now owns 568 shares of the Internet television network’s stock valued at $681,000 after buying an additional 9 shares during the period. Crews Bank & Trust boosted its stake in Netflix by 5.8% during the third quarter. Crews Bank & Trust now owns 164 shares of the Internet television network’s stock valued at $197,000 after buying an additional 9 shares during the period. Finally, Apriem Advisors boosted its stake in Netflix by 0.6% during the third quarter. Apriem Advisors now owns 1,567 shares of the Internet television network’s stock valued at $1,879,000 after buying an additional 9 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other news, CFO Spencer Adam Neumann sold 28,630 shares of the business’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $98.00, for a total value of $2,805,740.00. Following the completion of the sale, the chief financial officer owned 73,787 shares of the company’s stock, valued at approximately $7,231,126. The trade was a 27.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Reed Hastings sold 420,550 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $95.49, for a total value of $40,158,319.50. Following the completion of the sale, the director directly owned 3,940 shares of the company’s stock, valued at approximately $376,230.60. This trade represents a 99.07% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,487,794 shares of company stock worth $136,255,772 in the last 90 days. 1.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NFLX. Weiss Ratings lowered Netflix from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 22nd. BMO Capital Markets dropped their price objective on Netflix from $143.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, January 21st. Piper Sandler reaffirmed an “overweight” rating and set a $115.00 price target (up from $103.00) on shares of Netflix in a research note on Friday, April 17th. Freedom Capital raised Netflix from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Finally, The Goldman Sachs Group raised Netflix from a “neutral” rating to a “buy” rating in a research note on Monday, April 13th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.85.

Netflix Trading Up 0.7%

NASDAQ NFLX opened at $93.24 on Thursday. Netflix, Inc. has a 1-year low of $75.01 and a 1-year high of $134.12. The company has a current ratio of 1.41, a quick ratio of 1.19 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average of $92.95 and a 200-day moving average of $97.90. The firm has a market cap of $392.61 billion, a PE ratio of 30.12, a price-to-earnings-growth ratio of 1.20 and a beta of 1.67.

Netflix (NASDAQ:NFLX) last released its 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. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The company had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.17 billion. During the same quarter in the previous year, the company posted $6.61 EPS. Netflix’s revenue for the quarter was up 16.2% on a year-over-year basis. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, sell-side analysts forecast that Netflix, Inc. will post 3.53 EPS for the current year.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Board approved an additional $25 billion share-repurchase authorization (no expiration date), boosting capital returns and signaling management confidence in cash generation and valuation. This is the primary near-term positive catalyst for the stock. Netflix announces $25 billion share buyback
• Positive Sentiment: Product push: Netflix plans to launch a TikTok-style vertical video feed to capture “snackable” mobile viewing and increase engagement — a potential lever for retention, ad revenue and cross-selling to long-form content. Netflix Eyes TikTok-Style Feed To Capture ‘Snackable’ Viewing
• Positive Sentiment: Engagement and earnings beat: Q1 showed record engagement and an EPS/revenue beat, supporting pricing power, ad growth and longer?term margin upside — factors analysts cite when reiterating constructive long-term views. Netflix’s Engagement Momentum Builds: Is Growth Sustainable?
• Neutral Sentiment: Strategic real estate move: Netflix is in talks to buy Radford Studio Center (historic LA lot) to expand owned production capacity — could lower long-term content costs but requires capital and integration. Netflix In Negotiations To Buy Radford Studios
• Neutral Sentiment: Analyst and investor reaction is mixed: Several firms reiterated Buy/Market Perform ratings and called the post?earnings pullback a buying opportunity, keeping a range of price targets and emphasizing long?term growth. MarketScreener: JPMorgan keeps buy rating
• Negative Sentiment: Lingering concerns: recent guidance was softer than some expected and reporting around leadership change (Reed Hastings stepping back) contributed to a sharp post?earnings selloff; those worries still create volatility risk despite the buyback. Netflix (NFLX) Stock Plunges 13%: Should Investors Buy the Dip?

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.