73,016 Shares in Netflix, Inc. $NFLX Acquired by Independent Financial Group LLC

Posted by Hanz Christensen on Jul 17th, 2026

Independent Financial Group LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 73,016 shares of the Internet television network’s stock, valued at approximately $7,020,000.

A number of other hedge funds also recently modified their holdings of NFLX. Imprint Wealth LLC acquired a new position in Netflix during the third quarter valued at $25,000. Wealth Watch Advisors INC purchased a new position in Netflix during the 3rd quarter valued at about $103,000. Strategic Wealth Investment Group LLC acquired a new position in shares of Netflix in the 2nd quarter valued at about $121,000. Wiser Advisor Group LLC acquired a new position in shares of Netflix in the 3rd quarter valued at about $114,000. Finally, Beaird Harris Wealth Management LLC lifted its position in shares of Netflix by 9.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network’s stock worth $137,000 after purchasing an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $74.35 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market cap of $313.07 billion, a price-to-earnings ratio of 24.01, a P/E/G ratio of 0.94 and a beta of 1.52. The business’s 50-day simple moving average is $80.52 and its 200-day simple moving average is $87.03. Netflix, Inc. has a 52 week low of $70.86 and a 52 week high of $127.75.

Netflix (NASDAQ:NFLX – Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The business had revenue of $12.56 billion for the quarter, compared to the consensus estimate of $12.58 billion. During the same period last year, the business earned $0.72 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. As a group, equities research analysts expect that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

Insider Activity at Netflix

In other news, CFO Spencer Adam Neumann sold 9,253 shares of Netflix stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $88.95, for a total value of $823,054.35. Following the transaction, the chief financial officer owned 73,787 shares of the company’s stock, valued at $6,563,353.65. This trade represents a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Reed Hastings sold 407,550 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $93.13, for a total transaction of $37,955,131.50. Following the completion of the sale, the director owned 3,940 shares of the company’s stock, valued at $366,932.20. The trade was a 99.04% 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. Over the last 90 days, insiders have sold 899,839 shares of company stock valued at $80,141,661. 1.24% of the stock is owned by company insiders.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

Positive Sentiment: Netflix beat Q2 earnings estimates, reporting $0.80 EPS versus $0.79 expected, and revenue still grew 13% year over year. Netflix (NFLX) Surpasses Q2 Earnings Estimates
Positive Sentiment: Management highlighted continued progress in advertising and said AI is helping lower content-production costs, with Ted Sarandos noting AI has been used across about 300 productions. Netflix Content Spend Accelerates, As Do Savings From AI
Neutral Sentiment: Analysts such as Evercore ISI’s Mark Mahaney remain constructive, citing margin expansion, ad growth, and stable engagement as reasons for upside potential. Mark Mahaney Reiterates Buy on Netflix
Neutral Sentiment: Netflix said it will reduce how often it publishes viewing-hour data, moving its “What We Watched” report to annual updates, which has added to investor uncertainty about engagement trends. Netflix third-quarter earnings forecast falls shy of Wall Street expectations
Negative Sentiment: The weak Q3 forecast suggests slowing momentum and reinforces fears that subscriber engagement and growth are cooling. Netflix shares slide on disappointing growth forecasts
Negative Sentiment: Multiple reports flagged concern that Netflix’s growth engine may be weakening, with investors worried about lower engagement, softer content traction, and increasing competition. Netflix’s next growth chapter hinges on keeping viewers hooked

Analyst Upgrades and Downgrades

NFLX has been the subject of several research reports. Weiss Ratings cut shares of Netflix from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 26th. Raymond James Financial reiterated a “market perform” rating on shares of Netflix in a research note on Thursday, May 14th. DZ Bank reiterated a “buy” rating on shares of Netflix in a research report on Friday, April 17th. New Street Research lifted their target price on shares of Netflix from $96.00 to $102.00 in a research note on Friday, April 17th. Finally, Phillip Securities boosted their price target on shares of Netflix from $100.00 to $110.00 in a report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $111.17.

Read Our Latest Analysis on NFLX

Netflix Company Profile

(Free Report)

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.