Netflix, Inc. $NFLX Shares Purchased by WNY Asset Management LLC

Posted by Francis Steltz on Aug 28th, 2026

WNY Asset Management LLC raised its position in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 801.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,346 shares of the Internet television network’s stock after buying an additional 19,868 shares during the period. WNY Asset Management LLC’s holdings in Netflix were worth $1,596,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of NFLX. Shepherd Street Advisors LLC bought a new position in shares of Netflix during the fourth quarter worth about $2,216,000. Morse Asset Management Inc increased its holdings in Netflix by 809.3% in the fourth quarter. Morse Asset Management Inc now owns 64,730 shares of the Internet television network’s stock valued at $6,069,000 after buying an additional 57,611 shares during the last quarter. University of Texas Texas AM Investment Management Co. increased its holdings in Netflix by 798.5% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 42,542 shares of the Internet television network’s stock valued at $3,989,000 after buying an additional 37,807 shares during the last quarter. New Mexico Educational Retirement Board raised its stake in Netflix by 900.0% during the fourth quarter. New Mexico Educational Retirement Board now owns 192,210 shares of the Internet television network’s stock valued at $18,022,000 after buying an additional 172,989 shares in the last quarter. Finally, Ritholtz Wealth Management raised its stake in Netflix by 25.0% during the first quarter. Ritholtz Wealth Management now owns 106,451 shares of the Internet television network’s stock valued at $10,235,000 after buying an additional 21,260 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In other news, CEO Theodore A. Sarandos sold 27,312 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $73.35, for a total transaction of $2,003,335.20. Following the completion of the transaction, the chief executive officer owned 178,954 shares in the company, valued at approximately $13,126,275.90. This represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Spencer Adam Neumann sold 9,248 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $75.79, for a total transaction of $700,905.92. Following the completion of the sale, the chief financial officer directly owned 73,787 shares in the company, valued at approximately $5,592,316.73. This trade represents a 11.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 600,295 shares of company stock valued at $49,056,671 over the last three months. 1.24% of the stock is currently owned by company insiders.

Netflix Stock Down 2.0%

NASDAQ:NFLX opened at $79.84 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average of $74.56 and a 200-day moving average of $84.35. The firm has a market capitalization of $332.45 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 1.02 and a beta of 1.52. Netflix, Inc. has a 52 week low of $65.08 and a 52 week high of $126.71.

Netflix (NASDAQ:NFLX – Get Free Report) last announced its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.01. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The business had revenue of $12.56 billion for the quarter, compared to the consensus estimate of $12.58 billion. During the same quarter last year, the business posted $0.72 EPS. The business’s revenue was up 13.4% on a year-over-year basis. Analysts predict that Netflix, Inc. will post 3.59 EPS for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research reports. Robert W. Baird set a $90.00 target price on Netflix and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. KGI Securities lowered Netflix from an “outperform” rating to a “neutral” rating and set a $75.00 price target on the stock. in a research report on Friday, July 17th. China Intl Cap upgraded Netflix to a “strong-buy” rating in a research note on Tuesday, July 21st. UBS Group decreased their price objective on shares of Netflix from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, July 17th. Finally, Wells Fargo & Company set a $80.00 target price on shares of Netflix and gave the company an “equal weight” rating in a research note on Friday, July 17th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $103.19.

Check Out Our Latest Stock Report on NFLX

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

Positive Sentiment: Netflix’s advertising strategy remains a potential earnings catalyst. The company is targeting roughly $3 billion in advertising revenue, while expanding ad-supported plans globally and incorporating live events to improve monetization. Netflix Stock Opinions on Ad Monetization and Market Resistance
Positive Sentiment: Analyst support and a stronger content lineup are helping underpin the recovery narrative. Wolfe Research recently raised its price target to $95, while reports of a Netflix-related Grand Theft Auto VI preview and other upcoming releases could support engagement and subscriber monetization. Jim Cramer Says Netflix Worth the Risk as Wolfe Raises Price Target to $95
Neutral Sentiment: The stock has historically attracted buyers near its current technical floor, and it has recovered more than 21% from a recent low. However, investors are watching whether the rebound can break through resistance and develop into a sustained advance. NFLX Has Bounced From This Price Before. Now What?
Neutral Sentiment: Netflix continues to post solid fundamentals: latest quarterly revenue rose 13.4% year over year to $12.56 billion, while earnings modestly exceeded expectations. The slight revenue miss and debate over slowing growth, however, have limited investor enthusiasm.
Negative Sentiment: Relative weakness is notable because Netflix declined even as the broader market advanced. Analysts increasingly view Alphabet as having an edge because of its faster-growing, diversified advertising business and lower valuation, raising concerns about Netflix’s multiple and future growth rate. NFLX vs. GOOGL: Which Streaming and Ad Stock Has an Edge Right Now?
Negative Sentiment: Reported insider activity has been heavily skewed toward selling, with no insider purchases and multiple sales by executives and directors over the past six months. While such transactions do not necessarily signal deteriorating operations, they can weigh on sentiment during a technical pullback. Netflix Insider Trading and Market Resistance

About Netflix

(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.