Retirement Systems of Alabama Acquires 1,203,190 Shares of Netflix, Inc. $NFLX

Retirement Systems of Alabama increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 896.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,337,436 shares of the Internet television network’s stock after acquiring an additional 1,203,190 shares during the quarter. Retirement Systems of Alabama’s holdings in Netflix were worth $125,398,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Harrell Investment Partners LLC grew its stake in Netflix by 824.9% in the 4th quarter. Harrell Investment Partners LLC now owns 37,347 shares of the Internet television network’s stock valued at $3,502,000 after purchasing an additional 33,309 shares during the period. Northstar Advisory Group LLC raised its stake in shares of Netflix by 617.1% during the 4th quarter. Northstar Advisory Group LLC now owns 33,760 shares of the Internet television network’s stock worth $3,165,000 after purchasing an additional 29,052 shares during the period. Polianta Ltd purchased a new position in shares of Netflix in the 4th quarter worth about $1,518,000. J. Safra Sarasin Holding AG boosted its holdings in shares of Netflix by 3,746.8% in the 4th quarter. J. Safra Sarasin Holding AG now owns 358,827 shares of the Internet television network’s stock worth $33,740,000 after buying an additional 349,499 shares during the last quarter. Finally, Westend Capital Management LLC grew its position in Netflix by 403.8% during the fourth quarter. Westend Capital Management LLC now owns 72,085 shares of the Internet television network’s stock valued at $6,759,000 after buying an additional 57,777 shares during the period. Hedge funds and other 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 avoided a large, debt-funded acquisition and collected a sizable termination fee — a material near-term cash boost and preservation of balance-sheet flexibility that reduces execution risk. Paramount Paid Netflix $2.8 Billion Breakup Fee
• Positive Sentiment: Analysts remain generally constructive: recent price-target raises (including a $135 target) and consensus targets imply meaningful upside vs. the current level, reflecting expectations for margin expansion from price increases and ad monetization. Netflix Price Target Raised to $135.00
• Neutral Sentiment: Management is leaning on organic growth levers — higher subscription prices, ad revenue growth and live sports — which are strategic positives but carry execution risk and timing uncertainty. MarketBeat Netflix Overview
• Neutral Sentiment: Coverage changes and rating moves include a Citizens JMP “market perform” initiation, signaling some analyst caution despite long-term upside scenarios. Benzinga Coverage Note
• Negative Sentiment: Customer reaction to the latest 10% U.S. price hike has been negative in social and survey coverage, and early market reactions show some share weakness on fears of churn and subscriber sensitivity. Customers React to Netflix Price Hikes
• Negative Sentiment: Analysts are split after the price increase — some see durable monetization upside, others worry valuation leaves little room for error; mixed headlines are increasing near-term volatility. Analysts Split on Outlook Following 10% Price Increase
• Negative Sentiment: Competitive pressure in ad-supported streaming (Roku cited as a cheaper/AI-ad advantaged alternative) tempers enthusiasm about Netflix’s ad growth thesis and relative valuation. NFLX vs. ROKU: Which Ad-Supported Streaming Stock is the Better Buy?

Netflix Price Performance

NFLX opened at $92.97 on Tuesday. The firm has a 50-day moving average price of $87.35 and a 200-day moving average price of $100.38. Netflix, Inc. has a twelve month low of $75.01 and a twelve month high of $134.12. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $392.53 billion, a price-to-earnings ratio of 36.79, a PEG ratio of 1.43 and a beta of 1.68.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 20th. The Internet television network reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. Netflix had a net margin of 24.30% and a return on equity of 43.26%. The company had revenue of $12.05 billion during the quarter, compared to the consensus estimate of $11.97 billion. During the same period last year, the firm earned $0.43 EPS. Netflix’s revenue for the quarter was up 17.6% on a year-over-year basis. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. Equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Susquehanna raised shares of Netflix to a “positive” rating and set a $112.00 price objective on the stock in a research report on Wednesday, January 21st. Oppenheimer increased their target price on shares of Netflix from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $98.00 price target (up from $95.00) on shares of Netflix in a research note on Wednesday, January 21st. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Netflix in a report on Wednesday, February 18th. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of Netflix in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $114.55.

Insider Transactions at Netflix

In related news, Director Bradford L. Smith sold 31,790 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $88.86, for a total transaction of $2,824,859.40. Following the sale, the director owned 79,690 shares of the company’s stock, valued at approximately $7,081,253.40. This represents a 28.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Reed Hastings sold 426,290 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $91.67, for a total value of $39,078,004.30. Following the completion of the transaction, the director owned 3,940 shares of the company’s stock, valued at approximately $361,179.80. This represents a 99.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,520,133 shares of company stock valued at $137,259,786. 1.37% of the stock is currently owned by company insiders.

About Netflix

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.