Netflix, Inc. $NFLX Shares Purchased by Sierra Summit Advisors LLC

Posted by Brenda Bartman on May 21st, 2026

Sierra Summit Advisors LLC boosted its stake in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 918.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 99,512 shares of the Internet television network’s stock after purchasing an additional 89,744 shares during the quarter. Netflix comprises 1.4% of Sierra Summit Advisors LLC’s investment portfolio, making the stock its 26th biggest position. Sierra Summit Advisors LLC’s holdings in Netflix were worth $9,330,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after buying an additional 257 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after buying an additional 144 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Netflix by 21.2% in the second quarter. Sivia Capital Partners LLC now owns 1,406 shares of the Internet television network’s stock worth $1,883,000 after buying an additional 246 shares in the last quarter. Strategic Investment Advisors MI lifted its stake in shares of Netflix by 18.9% in the second quarter. Strategic Investment Advisors MI now owns 774 shares of the Internet television network’s stock worth $1,036,000 after buying an additional 123 shares in the last quarter. Finally, Schnieders Capital Management LLC. lifted its stake in shares of Netflix by 12.1% in the second quarter. Schnieders Capital Management LLC. now owns 2,115 shares of the Internet television network’s stock worth $2,832,000 after buying an additional 228 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the topic of several research reports. New Street Research raised their price target on shares of Netflix from $96.00 to $102.00 in a research note on Friday, April 17th. Raymond James Financial reissued a “market perform” rating on shares of Netflix in a research note on Thursday, May 14th. Loop Capital set a $104.00 price target on shares of Netflix in a research note on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Netflix from $98.00 to $100.00 and gave the stock a “hold” rating in a research note on Tuesday, April 14th. Finally, Jefferies Financial Group decreased their price target on shares of Netflix from $134.00 to $128.00 and set a “buy” rating on the stock in a research note on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $114.82.

Get Our Latest Report on NFLX

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 5,722 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $88.08, for a total value of $503,993.76. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Spencer Adam Neumann sold 9,253 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $88.95, for a total transaction of $823,054.35. Following the completion of the sale, the chief financial officer owned 73,787 shares in the company, valued at approximately $6,563,353.65. This trade represents a 11.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,422,769 shares of company stock worth $135,144,073 in the last 90 days. Insiders own 1.24% of the company’s stock.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

Positive Sentiment: Bank of America said Netflix’s ad-supported tier has surpassed 250 million monthly viewers globally, highlighting rapid growth in its advertising business as the company expands live sports, international markets, and new ad formats. Netflix ad-supported tier tops 250M monthly viewers as sports push deepens
Positive Sentiment: Analysts are becoming more upbeat after Netflix’s recent advertiser presentation, suggesting stronger monetization potential from its ad business. Netflix Sentiment Improves After Video Streamer’s Upfront Presentation
Positive Sentiment: Omdia projects Amazon, Netflix, and Google will capture half of the fast-growing connected TV advertising market by 2030, reinforcing the long-term opportunity for Netflix’s ad inventory. Omdia: Amazon, Netflix and Google to Capture Half of $81 Billion CTV Advertising Market by 2030
Positive Sentiment: Coverage around Netflix’s NFL partnership suggests the streamer could use live football games to attract new subscribers and deepen engagement. Why Netflix and the NFL Could Be a Perfect Match
Neutral Sentiment: Several articles discuss Netflix’s potential to become a trillion-dollar company, but these are opinion pieces rather than new business developments. Is Netflix the Next Trillion-Dollar Company?
Neutral Sentiment: Entertainment and documentary headlines referencing Netflix content, including MMA and true-crime coverage, may help visibility but do not clearly change the company’s fundamentals. Trump’s Birthday UFC Event Faces More Pressure: Netflix Just Set MMA Viewership Record

Netflix Trading Down 1.4%

Shares of NFLX stock opened at $88.09 on Thursday. The stock has a market cap of $370.93 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 1.14 and a beta of 1.55. Netflix, Inc. has a twelve month low of $75.01 and a twelve month high of $134.12. The company’s 50-day moving average price is $94.16 and its 200-day moving average price is $94.34. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43.

Netflix (NASDAQ:NFLX – Get Free Report) last issued its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.47. The firm had revenue of $12.25 billion for 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%. Netflix’s revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the firm earned $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, equities analysts predict that Netflix, Inc. will post 3.6 earnings per share for the current year.

Netflix 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.