Old North State Trust LLC Has $1.32 Million Position in Netflix, Inc. $NFLX

Posted by George Bondi on Jun 22nd, 2026

Old North State Trust LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 1,157.3% during the 4th quarter, Holdings Channel reports. The fund owned 14,082 shares of the Internet television network’s stock after acquiring an additional 12,962 shares during the period. Old North State Trust LLC’s holdings in Netflix were worth $1,320,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. J. Derek Lewis & Associates Inc. acquired a new position in Netflix during the 4th quarter worth approximately $826,000. Purpose Unlimited Inc. acquired a new stake in Netflix in the fourth quarter valued at approximately $6,230,000. Painted Porch Advisors LLC grew its stake in Netflix by 902.1% in the fourth quarter. Painted Porch Advisors LLC now owns 4,810 shares of the Internet television network’s stock valued at $451,000 after acquiring an additional 4,330 shares during the period. Stance Capital LLC increased its holdings in shares of Netflix by 1,213.7% during the fourth quarter. Stance Capital LLC now owns 14,858 shares of the Internet television network’s stock valued at $1,393,000 after acquiring an additional 13,727 shares in the last quarter. Finally, Cornerstone Planning LLC bought a new stake in shares of Netflix during the fourth quarter valued at approximately $3,245,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Reed Hastings sold 386,700 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $85.97, for a total transaction of $33,244,599.00. Following the transaction, the director directly owned 3,940 shares in the company, valued at approximately $338,721.80. The trade was a 98.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Adam Neumann sold 9,253 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was 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 directly owned 73,787 shares of the company’s stock, valued at $6,563,353.65. The trade was a 11.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,349,019 shares of company stock valued at $123,105,721 over the last 90 days. 1.24% of the stock is currently owned by company insiders.

More Netflix News

Here are the key news stories impacting Netflix this week:

Positive Sentiment: Commentary says Netflix is trading at its cheapest valuation in years, which some investors view as a buying opportunity if the company can keep growing ads, pricing, and broader monetization. NFLX Stock Trades At Its Cheapest Valuation In 4 Years: Shay Boloor Calls It Massive ‘Opportunity’
Positive Sentiment: Netflix’s exclusive TV partnership with Ryan Coogler’s Proximity Media and its interest in more broadcaster deals suggest new ways to expand content reach and partnership-driven growth. Netflix (NFLX) Secures Ryan Coogler TV Deal For Exclusive New Series
Positive Sentiment: Strong engagement around KPop Demon Hunters is highlighting Netflix’s ability to create major hits that keep users engaged and reinforce the strength of its content library. ‘KPop Demon Hunters’ Just Set Its Final Netflix Record
Neutral Sentiment: Some analysts frame Netflix as more than a streaming stock now, pointing to its evolving monetization model and broader platform strategy. Netflix (NFLX) Is More Than a Streaming Stock Now. I Like the Opportunity
Negative Sentiment: A director sold about $2.8 million of NFLX shares under a pre-arranged trading plan, which can still weigh on sentiment even if it was not a discretionary bearish call. Netflix (NASDAQ:NFLX) Director Sells $2,789,944.80 in Stock
Negative Sentiment: Ongoing headlines about the Lionsgate rumor being denied, concerns over a lack of near-term catalysts, and comparisons favoring Amazon over Netflix have reinforced cautious investor sentiment. The Netflix-Lionsgate Rumor Exposed a Bigger Shift in Media M&A (NFLX)

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NFLX. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Netflix in a report on Wednesday, April 22nd. Wolfe Research restated an “outperform” rating and set a $107.00 price target on shares of Netflix in a research note on Friday, April 17th. Phillip Securities upped their price objective on shares of Netflix from $100.00 to $110.00 in a report on Monday, April 20th. Pivotal Research set a $96.00 price objective on shares of Netflix and gave the company a “hold” rating in a research note on Friday, April 17th. Finally, HSBC lifted their price objective on shares of Netflix from $106.00 to $114.00 and gave the company a “buy” rating in a report on Friday, April 10th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $114.26.

View Our Latest Stock Report on Netflix

Netflix Stock Performance

Shares of Netflix stock opened at $77.38 on Monday. The stock has a fifty day simple moving average of $88.88 and a 200 day simple moving average of $90.01. Netflix, Inc. has a 12-month low of $75.01 and a 12-month high of $134.12. The company has a market capitalization of $325.83 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 0.98 and a beta of 1.50. 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 released its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.47. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The business had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.17 billion. During the same period in the prior year, the firm posted $6.61 EPS. Netflix’s quarterly revenue was up 16.2% compared to the same quarter last year. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, sell-side analysts anticipate that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

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.