Generate Investment Management Ltd Buys 149,242 Shares of Netflix, Inc. $NFLX

Generate Investment Management Ltd grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 46.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 467,711 shares of the Internet television network’s stock after buying an additional 149,242 shares during the period. Netflix comprises approximately 2.2% of Generate Investment Management Ltd’s holdings, making the stock its 11th biggest position. Generate Investment Management Ltd’s holdings in Netflix were worth $44,970,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NFLX. Clark Asset Management LLC lifted its position in shares of Netflix by 92.7% during the 1st quarter. Clark Asset Management LLC now owns 15,292 shares of the Internet television network’s stock valued at $1,470,000 after buying an additional 7,355 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its stake in shares of Netflix by 33.3% during the 1st quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 9,888 shares of the Internet television network’s stock valued at $951,000 after acquiring an additional 2,471 shares during the period. Brookstone Capital Management increased its holdings in Netflix by 8.9% in the 1st quarter. Brookstone Capital Management now owns 112,230 shares of the Internet television network’s stock worth $10,791,000 after acquiring an additional 9,217 shares in the last quarter. jvl associates llc purchased a new stake in Netflix in the 1st quarter worth approximately $205,000. Finally, First Merchants Corp raised its stake in Netflix by 1,312.6% during the 1st quarter. First Merchants Corp now owns 39,129 shares of the Internet television network’s stock worth $3,762,000 after acquiring an additional 36,359 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In related news, Director Bradford L. Smith sold 35,990 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $77.52, for a total transaction of $2,789,944.80. Following the completion of the transaction, the director directly owned 79,690 shares of the company’s stock, valued at approximately $6,177,568.80. This trade represents a 31.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Theodore A. Sarandos sold 27,312 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $87.97, for a total transaction of $2,402,636.64. Following the transaction, the chief executive officer directly owned 284,804 shares of the company’s stock, valued at $25,054,207.88. The trade was a 8.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,349,019 shares of company stock valued at $123,105,721 in the last quarter. Company insiders own 1.24% of the company’s stock.

Netflix Stock Down 5.8%

NASDAQ NFLX opened at $72.88 on Tuesday. The stock’s 50 day moving average is $88.30 and its 200 day moving average is $89.75. 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, Inc. has a 12 month low of $71.81 and a 12 month high of $134.12. The stock has a market cap of $306.88 billion, a PE ratio of 23.54, a P/E/G ratio of 0.98 and a beta of 1.50.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.47. The business had revenue of $12.25 billion during 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%. The company’s revenue was up 16.2% on a year-over-year basis. During the same period last year, the firm posted $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Research analysts predict that Netflix, Inc. will post 3.6 EPS for the current fiscal year.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix expanded its video podcast partnership with iHeartMedia, adding more iHeartPodcasts as video shows on the platform and strengthening its content offering. Netflix Expands Video Podcast Partnership with iHeartMedia
• Positive Sentiment: Netflix bought a “Hot Ones” spinoff, a content deal that reinforces its rivalry with YouTube and supports its push into popular creator-driven programming. Netflix Buys a ‘Hot Ones’ Spinoff
• Neutral Sentiment: Some commentary argues Netflix may look undervalued after the recent selloff, with analysts still seeing upside if the business continues to execute. Is Netflix Inc (NFLX) a Bargain After 5.8% Drop? GF Value Says Undervalued
• Negative Sentiment: Investor sentiment was hurt by reports that Netflix was outbid or passed over on major acquisition targets, fueling concern that the company is missing strategic growth opportunities. After Missing Out on Roku, Netflix Claims It Won’t Buy Lionsgate. Here’s Why the Market Hates That Answer.
• Negative Sentiment: Analysts and market commentators warned against “catching the falling knife,” reflecting concern that NFLX could remain under pressure after breaking to new lows. Netflix Stock Slump Continues: Citizens JMP Warns Against Catching the Falling Knife

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Citizens Jmp reaffirmed a “market perform” rating on shares of Netflix in a report on Wednesday, April 15th. Huber Research raised shares of Netflix from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, February 27th. Guggenheim restated a “buy” rating and set a $120.00 price objective on shares of Netflix in a research report on Friday, May 15th. Piper Sandler restated an “overweight” rating and set a $115.00 target price (up from $103.00) on shares of Netflix in a research note on Friday, April 17th. Finally, Wells Fargo & Company started coverage on shares of Netflix in a research note on Monday, March 9th. They set an “equal weight” rating and a $105.00 target price on the stock. 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $114.26.

Netflix Company Profile

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.