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

National Pension Service raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 2.8% in the second quarter, Holdings Channel.com reports. The fund 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’s holdings in Netflix were worth $693,866,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in NFLX. Imprint Wealth LLC acquired a new stake in shares of Netflix in the third quarter valued at about $25,000. Cornerstone Financial Management LLC acquired a new position in Netflix during the fourth quarter worth about $26,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in Netflix during the second quarter worth about $26,000. Atlas Capital Advisors Inc. purchased a new position in Netflix in the fourth quarter valued at about $26,000. Finally, Jessup Wealth Management Inc acquired a new stake in shares of Netflix during the 4th quarter valued at approximately $27,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

More Netflix News

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 Stock Performance

Netflix stock opened at $76.03 on Thursday. The stock’s 50-day moving average is $75.75 and its 200-day moving average is $84.44. The company has a market cap of $316.58 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 1.08 and a beta of 1.53. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. Netflix, Inc. has a 12 month low of $65.08 and a 12 month high of $126.70.

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

Insider Activity

In other Netflix news, CFO Spencer Neumann sold 9,248 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $75.79, for a total transaction of $700,905.92. Following the completion of the sale, the chief financial officer directly owned 73,787 shares in the company, valued at $5,592,316.73. The trade was a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bradford Smith sold 35,990 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $77.52, for a total transaction of $2,789,944.80. Following the completion of the sale, the director directly owned 79,690 shares of the company’s stock, valued at $6,177,568.80. The trade was a 31.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 214,315 shares of company stock valued at $15,867,944 over the last quarter. 1.24% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Phillip Securities upgraded shares of Netflix from a “moderate buy” rating to a “strong-buy” rating and set a $110.00 price objective on the stock in a research report on Sunday, July 19th. China Renaissance reduced their target price on Netflix from $100.00 to $80.00 and set a “hold” rating on the stock in a research note on Friday, July 17th. Bank of America lowered their target price on Netflix from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, July 17th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Netflix in a research report on Thursday, August 20th. Finally, New Street Research boosted their price objective on shares of Netflix from $96.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $96.65.

About Netflix

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.