Netflix, Inc. $NFLX Position Cut by Forum Financial Management LP

Posted by Stanley Muller on Jun 30th, 2026

Forum Financial Management LP decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 66.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 11,734 shares of the Internet television network’s stock after selling 22,872 shares during the quarter. Forum Financial Management LP’s holdings in Netflix were worth $1,128,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tortoise Investment Management LLC lifted its position in Netflix by 10.8% in the 3rd quarter. Tortoise Investment Management LLC now owns 92 shares of the Internet television network’s stock valued at $110,000 after purchasing an additional 9 shares during the last quarter. Brass Tax Wealth Management Inc. increased its stake in shares of Netflix by 3.2% in the third quarter. Brass Tax Wealth Management Inc. now owns 288 shares of the Internet television network’s stock valued at $345,000 after purchasing an additional 9 shares during the period. Pacific Sun Financial Corp raised its holdings in shares of Netflix by 1.6% during the third quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network’s stock valued at $688,000 after buying an additional 9 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its position in shares of Netflix by 9.6% during the third quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network’s stock worth $137,000 after buying an additional 10 shares during the period. Finally, Aviso Financial Inc. grew its holdings in Netflix by 40.0% in the 3rd quarter. Aviso Financial Inc. now owns 42 shares of the Internet television network’s stock worth $50,000 after buying an additional 12 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 28,630 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $98.00, for a total value of $2,805,740.00. Following the completion of the sale, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at approximately $7,231,126. This represents a 27.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 27,312 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $88.69, for a total transaction of $2,422,301.28. Following the transaction, the chief executive officer owned 120,931 shares of the company’s stock, valued at approximately $10,725,370.39. This trade represents a 18.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,349,019 shares of company stock valued at $123,105,721 over the last quarter. Insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Citigroup reaffirmed a “market perform” rating on shares of Netflix in a research note on Thursday, June 18th. Rosenblatt Securities lowered their price target on Netflix from $96.00 to $95.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. DZ Bank restated a “buy” rating on shares of Netflix in a research note on Friday, April 17th. Moffett Nathanson reduced their price objective on shares of Netflix from $120.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, June 17th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Netflix in a report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $114.26.

Check Out Our Latest Report on Netflix

Key Netflix News

Here are the key news stories impacting Netflix this week:

Positive Sentiment: Netflix continues to expand its advertising platform, with new tools and broader advertiser access that could strengthen ad revenue growth and improve monetization. NFLX Continues to Expand Its Advertising Platform: What’s Ahead?
Positive Sentiment: Netflix’s AI-driven ad creative collaboration with Omnicom suggests the company is deepening its advertising ecosystem, which may support future growth. Omnicom Media, Netflix (NFLX) Partner for AI-Powered Ad Creative Collaboration
Positive Sentiment: Some analysts remain constructive, with coverage noting upside tied to live sports, AI, and broader platform expansion. Netflix (NFLX) Stock Hits Bottom and Bounces: Why Analysts See 49% Upside Ahead

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $73.75 on Tuesday. The stock has a fifty day moving average price of $85.01 and a two-hundred day moving average price of $88.78. 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 $310.55 billion, a P/E ratio of 23.82, a PEG ratio of 0.94 and a beta of 1.50. Netflix, Inc. has a 1 year low of $70.86 and a 1 year high of $134.12.

Netflix (NASDAQ:NFLX – Get Free Report) last issued its quarterly earnings results 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. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The company had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.17 billion. During the same period last year, the firm earned $6.61 EPS. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Research analysts forecast that Netflix, Inc. will post 3.6 EPS for the current fiscal year.

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.