South Dakota Investment Council Buys 69,098 Shares of Netflix, Inc. $NFLX

South Dakota Investment Council raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 433.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,022 shares of the Internet television network’s stock after acquiring an additional 69,098 shares during the period. South Dakota Investment Council’s holdings in Netflix were worth $8,175,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of NFLX. Altshuler Shaham Ltd increased its position in shares of Netflix by 109.3% in the first quarter. Altshuler Shaham Ltd now owns 895,060 shares of the Internet television network’s stock worth $86,060,000 after purchasing an additional 467,384 shares during the period. Smith Group Asset Management LLC lifted its position in Netflix by 7.4% during the first quarter. Smith Group Asset Management LLC now owns 432,263 shares of the Internet television network’s stock worth $41,562,000 after purchasing an additional 29,906 shares during the period. Arete Wealth Advisors LLC grew its stake in Netflix by 45.8% during the first quarter. Arete Wealth Advisors LLC now owns 29,063 shares of the Internet television network’s stock worth $2,794,000 after buying an additional 9,124 shares in the last quarter. Opal Capital LLC increased its holdings in Netflix by 254.9% in the 1st quarter. Opal Capital LLC now owns 61,431 shares of the Internet television network’s stock valued at $5,907,000 after buying an additional 44,122 shares during the period. Finally, Sunbelt Securities Inc. increased its holdings in Netflix by 34.4% in the 1st quarter. Sunbelt Securities Inc. now owns 51,112 shares of the Internet television network’s stock valued at $4,914,000 after buying an additional 13,083 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix signed a reported $500 million global licensing agreement for “The Walking Dead” universe. The deal could support viewing engagement, subscriber retention and advertising revenue, although the content cost will weigh on near-term economics. Netflix lands global streaming deal for The Walking Dead
• Positive Sentiment: Netflix’s selective push into live programming is attracting subscribers and boosting engagement and advertising opportunities. The reported agreement to carry the 2027 FIFA Women’s World Cup in the United States and Canada could strengthen its live-content strategy, though the rights reportedly cost about $200 million. Netflix’s Live Content Push
• Positive Sentiment: Streaming continues to gain share of television viewing, and one analyst publicly recommended Netflix as an investment idea, offering some support for the long-term growth case. Netflix on CNBC’s Final Trades

Netflix Stock Down 0.6%

Shares of NASDAQ:NFLX opened at $73.17 on Friday. Netflix, Inc. has a 52-week low of $65.08 and a 52-week high of $126.71. The company has a market capitalization of $304.68 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 0.92 and a beta of 1.52. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14. The company has a fifty day moving average of $77.00 and a 200-day moving average of $85.50.

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 company had revenue of $12.56 billion for the quarter, compared to the consensus estimate of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.Netflix’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. On average, equities analysts predict that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 27,312 shares of Netflix stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $88.69, for a total transaction of $2,422,301.28. Following the transaction, the chief executive officer owned 120,931 shares in the company, valued at approximately $10,725,370.39. The trade was a 18.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Hyman sold 5,722 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $88.08, for a total value of $503,993.76. Following the completion of the sale, the insider owned 316,100 shares in the company, valued at $27,842,088. This trade represents a 1.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 492,289 shares of company stock valued at $42,186,530. Corporate insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NFLX. UBS Group cut their price target on shares of Netflix from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, July 17th. Wedbush cut their target price on Netflix from $118.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Phillip Securities raised Netflix from a “moderate buy” rating to a “strong-buy” rating in a report on Sunday, July 19th. The Goldman Sachs Group lowered Netflix from an “underweight” rating to a “sell” rating in a research note on Monday, July 20th. Finally, Citizens Jmp restated a “market perform” rating on shares of Netflix in a research report on Wednesday, April 15th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $103.48.

Netflix 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.