Netflix, Inc. $NFLX Shares Bought by National Pension Service

National Pension Service increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,718,007 shares of the Internet television network’s stock after buying an additional 262,088 shares during the quarter. National Pension Service owned about 0.23% of Netflix worth $693,866,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its holdings in Netflix by 7,028.2% in the second quarter. California State Teachers Retirement System now owns 458,934,710 shares of the Internet television network’s stock valued at $32,767,938,000 after purchasing an additional 452,496,424 shares during the period. BlackRock Inc. purchased a new position in shares of Netflix in the 2nd quarter valued at about $24,902,221,000. State Street Corp grew its position in shares of Netflix by 927.6% during the fourth quarter. State Street Corp now owns 176,780,995 shares of the Internet television network’s stock worth $16,574,986,000 after buying an additional 159,578,053 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Netflix by 892.0% during the fourth quarter. Geode Capital Management LLC now owns 99,598,678 shares of the Internet television network’s stock worth $9,305,336,000 after buying an additional 89,558,684 shares in the last quarter. Finally, Capital World Investors increased its stake in shares of Netflix by 859.1% during the fourth quarter. Capital World Investors now owns 89,341,444 shares of the Internet television network’s stock worth $8,376,656,000 after buying an additional 80,025,890 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on NFLX. Oppenheimer set a $85.00 price target on shares of Netflix and gave the stock an “outperform” rating in a report on Friday, July 17th. Piper Sandler reaffirmed an “overweight” rating and set a $85.00 price objective (down from $115.00) on shares of Netflix in a research report on Friday, July 17th. UBS Group lowered their target price on shares of Netflix from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, July 17th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Netflix in a report on Thursday, August 20th. Finally, Wells Fargo & Company set a $80.00 price target on Netflix and gave the stock an “equal weight” rating in a report on Friday, July 17th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.65.

Netflix Price Performance

NFLX stock opened at $76.03 on Thursday. The company has a market capitalization of $316.58 billion, a P/E ratio of 23.93, a PEG ratio of 1.08 and a beta of 1.53. Netflix, Inc. has a twelve month low of $65.08 and a twelve month high of $126.70. The business has a 50 day simple moving average of $75.75 and a 200-day simple moving average of $84.44. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The business had revenue of $12.56 billion for the quarter, compared to analyst estimates of $12.58 billion. During the same period last year, the firm posted $0.72 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, equities analysts anticipate that Netflix, Inc. will post 3.59 EPS for the current year.

Insider Activity at Netflix

In other Netflix news, CFO Spencer Neumann sold 9,248 shares of Netflix stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $75.79, for a total value of $700,905.92. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Theodore A. Sarandos sold 105,850 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $73.03, for a total value of $7,730,225.50. Following the sale, the chief executive officer owned 206,266 shares of the company’s stock, valued at $15,063,605.98. This trade represents a 33.91% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders sold a total of 214,315 shares of company stock worth $15,867,944 in the last three months. Company insiders own 1.24% of the company’s stock.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Investor Bill Ackman’s Pershing Square reportedly exited its remaining Alphabet position and established a sizable Netflix stake. The move provides a prominent vote of confidence in Netflix’s growth prospects and advertising strategy. Bill Ackman’s Netflix investment
• Positive Sentiment: Analysts and commentators argue that the pullback creates an attractive entry point, citing Netflix’s profitability, free-cash-flow potential and long-term competitive position. Netflix buying opportunity
• Positive Sentiment: One forecast sees Netflix’s advertising business exceeding $6 billion in revenue in 2027, suggesting substantial monetization upside if ad-supported viewing and pricing continue to scale. Netflix advertising forecast
• Positive Sentiment: The global success of South African film “The Polygamist” is supporting Netflix’s pipeline of local-language content and could strengthen international engagement. The Polygamist success

Netflix Profile

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming access to television series, films, documentaries and other video content. Its service includes Netflix-produced and licensed programming, with offerings that may vary by market. The company also provides an advertising-supported plan in selected countries and has expanded into mobile games and other interactive entertainment.

Netflix was founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental service in the United States.