Arizona State Retirement System Raises Holdings in Netflix, Inc. $NFLX

Arizona State Retirement System boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,168,416 shares of the Internet television network’s stock after acquiring an additional 7,464 shares during the quarter. Arizona State Retirement System’s holdings in Netflix were worth $83,425,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its position in shares of Netflix by 7,028.2% during the 2nd quarter. California State Teachers Retirement System now owns 458,934,710 shares of the Internet television network’s stock worth $32,767,938,000 after purchasing an additional 452,496,424 shares during the last quarter. BlackRock Inc. purchased a new position in Netflix during the second quarter worth about $24,902,221,000. State Street Corp boosted its stake in 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 during the period. Geode Capital Management LLC increased 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 valued at $9,305,336,000 after acquiring an additional 89,558,684 shares during the last quarter. Finally, Capital World Investors increased its position 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 valued at $8,376,656,000 after acquiring an additional 80,025,890 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is reportedly preparing to disclose box-office results for six upcoming films, including Narnia: The Magician’s Nephew and Charlie and the Chocolate Factory. Greater theatrical transparency could support a broader movie-release strategy, potentially creating an additional revenue and marketing channel. Netflix box-office report
• Positive Sentiment: Several analyses describe Netflix as attractively valued after its substantial decline, with some analysts citing potential upside toward $95-$125. Bill Ackman’s Pershing Square also reportedly added Netflix while selling Alphabet, providing a vote of confidence from a prominent investor. Best growth stocks article Ackman Netflix investment article
• Neutral Sentiment: Commentary argues that separating Netflix’s streaming, studio, advertising, live-events and gaming operations would destroy important synergies, reducing speculation that a breakup would unlock value. Investor attention remains high, but the debate is not an immediate earnings catalyst. Netflix breakup analysis
• Negative Sentiment: South African regulators are investigating pricing for digital streaming services. The probe raises concerns about potential pricing restrictions, higher compliance costs or pressure on Netflix’s international monetization strategy. South Africa Netflix price probe
• Negative Sentiment: Recent reports point to a prior quarterly revenue shortfall and weak forward guidance, while risk appetite has softened across growth and media stocks. Reports that Netflix insiders have sold shares without recorded open-market purchases may also weigh on sentiment, although such transactions do not necessarily indicate a change in business fundamentals. Netflix earnings and stock decline article

Analysts Set New Price Targets

Several equities analysts have recently commented on NFLX shares. Stephens began coverage on shares of Netflix in a report on Friday, July 17th. They issued an “overweight” rating on the stock. Rosenblatt Securities set a $75.00 target price on Netflix and gave the company a “neutral” rating in a research report on Friday, July 17th. Citigroup restated a “market perform” rating on shares of Netflix in a research note on Monday, August 17th. JPMorgan Chase & Co. restated a “buy” rating on shares of Netflix in a research report on Thursday, August 20th. Finally, Oppenheimer set a $85.00 price objective on Netflix and gave the company an “outperform” rating in a research note on Friday, July 17th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $96.65.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Neumann sold 9,248 shares of the stock in a transaction 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Barton sold 2,160 shares of Netflix stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $75.10, for a total value of $162,216.00. Following the completion of the transaction, the director owned 246 shares of the company’s stock, valued at approximately $18,474.60. This trade represents a 89.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 213,595 shares of company stock valued at $15,812,072. Insiders own 1.24% of the company’s stock.

Netflix Stock Down 1.9%

Shares of NFLX stock traded down $1.48 during trading on Tuesday, reaching $76.77. The company’s stock had a trading volume of 33,797,133 shares, compared to its average volume of 43,364,965. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $319.67 billion, a price-to-earnings ratio of 24.16, a P/E/G ratio of 1.10 and a beta of 1.53. The stock’s 50-day moving average price is $75.61 and its 200 day moving average price is $84.46. Netflix, Inc. has a 1-year low of $65.08 and a 1-year high of $126.70.

Netflix (NASDAQ:NFLX) last released 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 company had revenue of $12.56 billion for the quarter, compared to analyst estimates of $12.58 billion. During the same period in the prior year, the business earned $0.72 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. On average, research analysts anticipate that Netflix, Inc. will post 3.59 EPS for the current year.

Netflix Company 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.