The Manufacturers Life Insurance Company Has $234.61 Million Holdings in Netflix, Inc. $NFLX

The Manufacturers Life Insurance Company trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,285,849 shares of the Internet television network’s stock after selling 52,743 shares during the quarter. The Manufacturers Life Insurance Company owned 0.08% of Netflix worth $234,610,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NFLX. Imprint Wealth LLC bought a new stake in Netflix in the third quarter valued at $25,000. Wealth Watch Advisors INC bought a new position in shares of Netflix during the third quarter valued at $103,000. Strategic Wealth Investment Group LLC acquired a new stake in shares of Netflix in the 2nd quarter valued at $121,000. Wiser Advisor Group LLC acquired a new stake in shares of Netflix in the 3rd quarter valued at $114,000. Finally, Beaird Harris Wealth Management LLC grew its holdings in shares of Netflix by 9.6% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network’s stock worth $137,000 after purchasing an additional 10 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Price Performance

Shares of NFLX stock opened at $76.01 on Friday. Netflix, Inc. has a 1 year low of $65.08 and a 1 year high of $125.34. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. The firm’s 50 day moving average is $75.72 and its 200-day moving average is $84.43. The firm has a market capitalization of $316.50 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 1.07 and a beta of 1.53.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01. The firm had revenue of $12.56 billion during the quarter, compared to analysts’ expectations of $12.58 billion. Netflix had a net margin of 28.22% and a return on equity of 40.02%. Netflix’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 EPS. Sell-side analysts forecast that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. CLSA assumed coverage on shares of Netflix in a report on Monday, July 20th. They set an “outperform” rating for the company. Piper Sandler reaffirmed an “overweight” rating and set a $85.00 price objective (down from $115.00) on shares of Netflix in a research note on Friday, July 17th. KGI Securities lowered shares of Netflix from an “outperform” rating to a “neutral” rating and set a $75.00 price objective for the company. in a report on Friday, July 17th. Deutsche Bank Aktiengesellschaft set a $110.00 target price on shares of Netflix in a research note on Monday, July 20th. Finally, Wolfe Research reissued an “outperform” rating and issued a $95.00 target price (up from $84.00) on shares of Netflix in a report on Tuesday, August 25th. 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 stock. Based on data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $96.65.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Bill Ackman’s Pershing Square reportedly established a sizable Netflix position after exiting its remaining Alphabet stake, providing a prominent investor vote of confidence in Netflix’s growth and advertising strategy. Bill Ackman’s Netflix investment
• Positive Sentiment: Netflix is expanding the theatrical release strategy for six upcoming films and plans to report their box-office revenue, potentially creating an additional revenue stream and improving film economics. Netflix theatrical strategy
• Positive Sentiment: A forecast that Netflix’s advertising business could exceed $6 billion in 2027 highlights significant monetization potential from its ad-supported tier. Netflix advertising forecast
• Positive Sentiment: The international success of the South African film “The Polygamist” is supporting Netflix’s pipeline of local-language content and may strengthen engagement in overseas markets. The Polygamist success
• Neutral Sentiment: Netflix’s revenue growth and operating margins have outperformed most major media competitors, but its shares have still fallen substantially over the past year; analysts say the stock may not yet be inexpensive. Netflix growth and valuation analysis
• Neutral Sentiment: Reported short-interest data showed zero shares and a zero-day short ratio, an internally inconsistent figure that offers no meaningful signal about investor positioning.
• Negative Sentiment: Florida sued Netflix, seeking billions in damages and alleging that the company misled families and improperly collected children’s data. The action raises potential legal costs, reputational risk and regulatory scrutiny. Florida lawsuit against Netflix
• Negative Sentiment: Investor commentary cited a weak second-quarter outlook and consumer data suggesting Netflix’s demand growth is slowing relative to Warner Bros. Discovery and Disney. Netflix outlook concerns
• Negative Sentiment: Canadian viewers broadly support requiring streamers to fund local content, signaling possible additional regulatory obligations and production costs in an important market. Canadian streaming regulation
• Negative Sentiment: Director Richard Barton sold 720 shares under a pre-arranged Rule 10b5-1 plan. The transaction is relatively small but may add modestly to selling pressure. Netflix director stock sale

Insider Buying and Selling at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 105,850 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $73.03, for a total transaction of $7,730,225.50. Following the completion of the sale, the chief executive officer directly owned 206,266 shares of the company’s stock, valued at approximately $15,063,605.98. The trade was a 33.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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. Also, Director Bradford L. Smith sold 35,990 shares of the company’s stock in a transaction dated 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 transaction, the director owned 79,690 shares in the company, valued at approximately $6,177,568.80. The trade was a 31.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 215,035 shares of company stock valued at $15,922,139 over the last ninety days. Company insiders own 1.24% of the company’s stock.

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.