Legacy Capital Group California Inc. Has $952,000 Holdings in Netflix, Inc. $NFLX

Legacy Capital Group California Inc. raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 826.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,151 shares of the Internet television network’s stock after acquiring an additional 9,055 shares during the period. Legacy Capital Group California Inc.’s holdings in Netflix were worth $952,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of NFLX. Vanguard Group Inc. grew its holdings in shares of Netflix by 0.4% during the third quarter. Vanguard Group Inc. now owns 38,521,322 shares of the Internet television network’s stock worth $46,183,983,000 after purchasing an additional 142,238 shares during the last quarter. Baillie Gifford & Co. raised its position in Netflix by 912.3% in the 4th quarter. Baillie Gifford & Co. now owns 36,940,035 shares of the Internet television network’s stock worth $3,463,498,000 after purchasing an additional 33,290,988 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Netflix by 891.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,099,908 shares of the Internet television network’s stock valued at $1,134,487,000 after buying an additional 10,879,276 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Netflix by 886.6% in the 4th quarter. Nordea Investment Management AB now owns 9,667,997 shares of the Internet television network’s stock valued at $902,798,000 after buying an additional 8,688,113 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Netflix by 430.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,738,241 shares of the Internet television network’s stock worth $631,777,000 after acquiring an additional 5,468,262 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Board approves an additional $25 billion share-repurchase authorization (adds to prior program, no expiration) — a major capital-return move designed to support the stock and signal confidence from management. Netflix Buying Back $25 Billion in Stock After Share Decline
• Positive Sentiment: Netflix is pushing product innovation to drive retention: a TikTok-style vertical video feed for mobile to capture “snackable” viewing and boost engagement that could lift long-term monetization and ad revenue. Netflix Eyes TikTok-Style Feed To Capture ‘Snackable’ Viewing
• Positive Sentiment: Netflix is in talks to buy the Radford Studio Center (historic LA lot), a move that could lower production costs and secure capacity for originals — strategic for content control and margin leverage. Netflix In Negotiations To Buy Radford Studios
• Neutral Sentiment: Analysts and outlets are framing the post-earnings selloff as a buying opportunity — some maintain Buy ratings and higher-term optimism, arguing the pullback reflects near-term guidance disappointment rather than a structural problem. Buy the Dip in Netflix Stock Now, Says JPMorgan
• Negative Sentiment: Near-term weakness after Q1: investors punished the stock following results and a softer outlook/guidance that missed some expectations, leading to a sharp pullback and the need for the buyback to stabilize sentiment. 5 Insightful Analyst Questions From Netflix’s Q1 Earnings Call
• Negative Sentiment: Leadership transition headlines (reports that co-founder Reed Hastings is stepping back) add uncertainty about strategic direction and may keep volatility elevated until management clarity is fully digested. Reed Hastings Is Quitting at Netflix. Should You Quit NFLX Stock?

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 105,781 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $82.94, for a total value of $8,773,476.14. Following the sale, the chief executive officer directly owned 122,140 shares in the company, valued at approximately $10,130,291.60. This trade represents a 46.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Reed Hastings sold 420,550 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $95.49, for a total transaction of $40,158,319.50. Following the transaction, the director owned 3,940 shares of the company’s stock, valued at approximately $376,230.60. This represents a 99.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,487,794 shares of company stock worth $136,255,772 in the last ninety days. Insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on NFLX. Daiwa Securities Group upped their target price on shares of Netflix from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Thursday. Loop Capital set a $104.00 price objective on Netflix in a report on Tuesday, January 27th. Royal Bank Of Canada restated a “hold” rating on shares of Netflix in a research note on Wednesday, January 21st. Canaccord Genuity Group set a $125.00 price target on shares of Netflix and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Finally, Rothschild & Co Redburn set a $120.00 price objective on shares of Netflix in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $114.53.

Netflix Price Performance

NASDAQ:NFLX opened at $94.15 on Thursday. Netflix, Inc. has a one year low of $75.01 and a one year high of $134.12. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.19. The company has a market cap of $396.43 billion, a P/E ratio of 30.32, a P/E/G ratio of 1.20 and a beta of 1.67. The firm’s fifty day moving average price is $92.95 and its two-hundred day moving average price is $97.90.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data 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 business had revenue of $12.25 billion during 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Equities analysts expect that Netflix, Inc. will post 3.53 earnings per share for the current year.

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.