Letson Investment Management Inc. Purchases Shares of 9,500 Netflix, Inc. $NFLX

Letson Investment Management Inc. purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the 1st quarter, HoldingsChannel reports. The fund purchased 9,500 shares of the Internet television network’s stock, valued at approximately $913,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. First Financial Corp IN grew its holdings in Netflix by 900.0% during the fourth quarter. First Financial Corp IN now owns 270 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 243 shares during the period. DiNuzzo Private Wealth Inc. lifted its holdings in Netflix by 885.2% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 239 shares during the last quarter. Turning Point Benefit Group Inc. boosted its position in shares of Netflix by 13,400.0% during the 4th quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 268 shares in the last quarter. Imprint Wealth LLC bought a new position in shares of Netflix during the 3rd quarter valued at about $25,000. Finally, Cornerstone Financial Management LLC bought a new position in shares of Netflix during the 4th quarter valued at about $26,000. Institutional investors own 80.93% of the company’s stock.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Some analysts and market commentators argue Netflix looks deeply undervalued after its sharp pullback, citing a low valuation, record revenue, expanding margins, strong free cash flow, and a large share repurchase program that could support the stock. Netflix Stock Is Near 2021 Levels, and Bulls See 4 Reasons to Care
• Positive Sentiment: Netflix also gained a distribution boost after landing in Charter’s Spectrum App Store, which could make it easier for customers to buy, activate, or upgrade Netflix plans and widen subscriber access. Netflix Lands Spectrum App Store Deal To Widen Streaming Access
• Positive Sentiment: Netflix-related coverage around July streaming lineups highlights upcoming content such as returning titles, which may support engagement and subscriber retention in the near term. Here’s what’s worth streaming in July 2026 on Netflix, Hulu, HBO Max and more
• Neutral Sentiment: Netflix-related entertainment news also noted a renewal for the series Nemesis, which is more of a content update than a meaningful financial catalyst. Netflix’s Nemesis Season 2 Renewal Could Be A Major Win For Los Angeles
• Negative Sentiment: Shares have also been pressured by broader market weakness and investor concern over the recent sell-off, with multiple articles noting NFLX trading near its 52-week low and well below prior highs. Netflix’s ‘Owning Manhattan’ star Ryan Serhant expands real estate empire to Texas in ‘strategic’ move
• Negative Sentiment: News that a filmmaker was sentenced to prison for misusing $11 million of Netflix production funds is negative from a reputational standpoint, though it does not appear to affect current operations directly. Hollywood director jailed for betting Netflix money on crypto

Insider Buying and Selling at Netflix

In related news, Director Reed Hastings sold 386,700 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David A. Hyman sold 5,722 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $88.08, for a total transaction of $503,993.76. Following the transaction, the insider directly owned 316,100 shares in the company, valued at approximately $27,842,088. The trade was 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 over the last quarter. Insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the topic of a number of research reports. China Renaissance boosted their target price on shares of Netflix from $90.00 to $100.00 and gave the stock a “hold” rating in a report on Friday, April 17th. President Capital raised their target price on shares of Netflix from $133.00 to $134.00 and gave the stock a “buy” rating in a report on Tuesday, March 31st. Bank of America restated a “buy” rating and issued a $125.00 price target on shares of Netflix in a research report on Monday, May 18th. Morgan Stanley reaffirmed an “overweight” rating on shares of Netflix in a report on Friday, April 17th. Finally, Seaport Research Partners increased their price objective on Netflix from $115.00 to $119.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $114.26.

Netflix Stock Up 3.9%

Shares of Netflix stock opened at $74.19 on Thursday. Netflix, Inc. has a 1 year low of $70.86 and a 1 year high of $130.23. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43. The company has a market cap of $312.40 billion, a P/E ratio of 23.96, a P/E/G ratio of 0.91 and a beta of 1.52. The stock has a 50-day moving average price of $84.07 and a 200 day moving average price of $88.49.

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

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.