Zweig DiMenna Associates LLC Sells 70,200 Shares of Netflix, Inc. $NFLX

Zweig DiMenna Associates LLC cut its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 41.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 101,000 shares of the Internet television network’s stock after selling 70,200 shares during the period. Netflix accounts for 1.3% of Zweig DiMenna Associates LLC’s portfolio, making the stock its 25th largest holding. Zweig DiMenna Associates LLC’s holdings in Netflix were worth $9,711,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of NFLX. Vanguard Group Inc. increased its position in Netflix by 912.5% during the fourth quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network’s stock worth $36,567,805,000 after buying an additional 351,493,659 shares during the last quarter. State Street Corp raised its stake in Netflix by 927.6% in the fourth quarter. State Street Corp now owns 176,780,995 shares of the Internet television network’s stock valued at $16,574,986,000 after buying an additional 159,578,053 shares during the period. Geode Capital Management LLC raised its stake in Netflix by 892.0% in the fourth quarter. Geode Capital Management LLC now owns 99,598,678 shares of the Internet television network’s stock valued at $9,305,336,000 after buying an additional 89,558,684 shares during the period. Capital World Investors lifted its position in shares of Netflix by 859.1% in the fourth quarter. Capital World Investors now owns 89,341,444 shares of the Internet television network’s stock valued at $8,376,656,000 after buying an additional 80,025,890 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Netflix by 903.0% in the fourth quarter. Morgan Stanley now owns 85,349,973 shares of the Internet television network’s stock valued at $8,002,414,000 after buying an additional 76,840,318 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Several firms remain constructive ahead of earnings, with Bank of America, TD Cowen, and Rosenblatt reiterating bullish or neutral-to-positive views and pointing to upside from advertising growth, stronger content, and margin expansion. Netflix set to report earnings as investors focus on engagement trends, strategic priorities
• Positive Sentiment: Netflix recently secured exclusive MLB Home Run Derby streaming rights, giving it a new live-sports event that could support subscriber engagement and expand its content strategy beyond traditional streaming. Can These 12 States Sink The Paramount-Warner Bros. Deal?
• Neutral Sentiment: Traders are positioning for a large post-earnings move, with options pricing implying roughly an 8% swing after results; that reflects uncertainty rather than a clear directional signal. Netflix Stock Price Braces for an 8% Move as Q2 Earnings Near
• Neutral Sentiment: Media coverage continues to frame Netflix as a Wall Street favorite but also a target for regulators, especially as its monthly subscription price has risen sharply over the past year. Your monthly Netflix bill is up 29% in just over a year. Critics say Washington needs to fix it.
• Negative Sentiment: Multiple articles highlight that Netflix shares have been sliding in 2026, with concerns over engagement trends, competition, and whether the ad business is scaling fast enough to justify the valuation. 3 reasons why Netflix shares are down 20% in 2026
• Negative Sentiment: Several previews suggest a tough quarter and warn that disappointing earnings or guidance could push the stock to its lowest level in nearly two years, keeping bearish sentiment elevated heading into the report. Here’s How Much Traders See Netflix Stock Moving After Earnings This Week

Analysts Set New Price Targets

A number of research analysts recently weighed in on NFLX shares. Wolfe Research reissued an “outperform” rating and set a $107.00 target price on shares of Netflix in a report on Friday, April 17th. Daiwa Securities Group lifted their price objective on shares of Netflix from $97.00 to $102.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. TD Cowen reiterated a “buy” rating on shares of Netflix in a report on Thursday, May 14th. KeyCorp reiterated an “overweight” rating and issued a $92.00 price objective (down from $115.00) on shares of Netflix in a report on Monday. Finally, Moffett Nathanson dropped their price objective on shares of Netflix from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, June 17th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $111.29.

Insider Buying and Selling

In other news, CEO Theodore A. Sarandos sold 27,312 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $87.97, for a total transaction of $2,402,636.64. Following the completion of the sale, the chief executive officer owned 284,804 shares of the company’s stock, valued at approximately $25,054,207.88. This represents a 8.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory K. Peters sold 27,312 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $88.69, for a total transaction of $2,422,301.28. Following the sale, the chief executive officer owned 120,931 shares in the company, valued at $10,725,370.39. This represents a 18.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 899,839 shares of company stock worth $80,141,661. 1.24% of the stock is owned by company insiders.

Netflix Stock Down 0.4%

NFLX stock opened at $73.53 on Wednesday. The company has a market cap of $309.62 billion, a PE ratio of 23.75, a price-to-earnings-growth ratio of 0.94 and a beta of 1.52. The business has a 50-day simple moving average of $81.09 and a 200 day simple moving average of $87.31. Netflix, Inc. has a 52 week low of $70.86 and a 52 week high of $127.75. 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 (NASDAQ:NFLX) last posted 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%. Netflix’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Sell-side analysts anticipate that Netflix, Inc. will post 3.6 EPS for the current fiscal year.

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.