New York State Teachers Retirement System Sells 12,553 Shares of Netflix, Inc. $NFLX

New York State Teachers Retirement System lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,428,078 shares of the Internet television network’s stock after selling 12,553 shares during the quarter. Netflix comprises approximately 0.7% of New York State Teachers Retirement System’s investment portfolio, making the stock its 19th biggest position. New York State Teachers Retirement System’s holdings in Netflix were worth $329,610,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. First Financial Corp IN grew its holdings in shares of Netflix by 900.0% during the 4th quarter. First Financial Corp IN now owns 270 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 243 shares in the last quarter. DiNuzzo Private Wealth Inc. raised its stake in Netflix by 885.2% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 239 shares in the last quarter. Turning Point Benefit Group Inc. raised its stake in Netflix by 13,400.0% in the fourth quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 268 shares in the last quarter. Imprint Wealth LLC bought a new stake in Netflix during the third quarter worth about $25,000. Finally, Cornerstone Financial Management LLC bought a new stake in Netflix during the fourth quarter worth about $26,000. Institutional investors own 80.93% of the company’s stock.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is being bought on the idea that its recent decline has made the valuation more attractive, especially after a sharp reset in the stock price. NFLX Stock Climbs 3.95% as Valuation and Ad Growth Lift Demand Now
• Positive Sentiment: Investors are also focusing on Netflix’s advertising tier, which is still seen as a major growth driver and a key reason bulls think the stock can recover. Netflix Stock Is Near 2021 Levels, and Bulls See 4 Reasons to Care
• Positive Sentiment: Some commentary suggests Netflix’s sell-off may be overdone, with bulls pointing to strong revenue trends, buyback support, and improving investor sentiment ahead of upcoming results. Netflix Stock Is Near 2021 Levels, and Bulls See 4 Reasons to Care
• Neutral Sentiment: Netflix is scheduled to report results soon, and multiple articles note that investors are positioning ahead of that update, which could create volatility depending on guidance. Should You Buy Netflix Stock Before the Huge Investor Update?
• Negative Sentiment: Despite today’s rebound, Netflix remains well below its recent highs, and some investors still view the stock as a turnaround story rather than a confirmed recovery. Netflix Stock Is Near 2021 Levels, and Bulls See 4 Reasons to Care

Insider Buying and Selling at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 9,253 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $88.95, for a total transaction of $823,054.35. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Reed Hastings sold 386,700 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the director owned 3,940 shares of the company’s stock, valued at approximately $338,721.80. This trade represents a 98.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 899,839 shares of company stock worth $80,141,661 over the last quarter. Insiders own 1.24% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Oppenheimer set a $120.00 target price on shares of Netflix and gave the company an “outperform” rating in a research report on Friday, April 17th. China Renaissance upped their target price on Netflix from $90.00 to $100.00 and gave the stock a “hold” rating in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft raised their price objective on Netflix from $98.00 to $100.00 and gave the company a “hold” rating in a research note on Tuesday, April 14th. Barclays set a $110.00 target price on Netflix and gave the stock an “equal weight” rating in a research note on Friday, April 17th. Finally, President Capital lifted their price target on shares of Netflix from $133.00 to $134.00 and gave the company a “buy” rating in a report on Tuesday, March 31st. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $114.26.

Netflix Price Performance

Netflix stock opened at $77.65 on Friday. The stock has a 50-day moving average price of $83.78 and a two-hundred day moving average price of $88.37. Netflix, Inc. has a 12 month low of $70.86 and a 12 month high of $130.23. The company has a market capitalization of $326.97 billion, a PE ratio of 25.08, a P/E/G ratio of 0.94 and a beta of 1.52. 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) last released its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, topping 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 in the previous year, the business posted $6.61 earnings per share. The business’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. Analysts expect that Netflix, Inc. will post 3.6 EPS for the current year.

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.