Netflix, Inc. $NFLX Shares Acquired by Bank of America Corp DE

Bank of America Corp DE lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 57,942,812 shares of the Internet television network’s stock after purchasing an additional 2,376,349 shares during the quarter. Bank of America Corp DE’s holdings in Netflix were worth $5,571,201,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of NFLX. Vanguard Group Inc. grew its holdings in shares of Netflix by 912.5% during the fourth quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network’s stock valued at $36,567,805,000 after purchasing an additional 351,493,659 shares during the last quarter. State Street Corp lifted its holdings in shares of Netflix by 927.6% in the 4th quarter. State Street Corp now owns 176,780,995 shares of the Internet television network’s stock worth $16,574,986,000 after purchasing an additional 159,578,053 shares during the last quarter. Geode Capital Management LLC boosted its position in Netflix by 892.0% during the 4th 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 purchasing an additional 89,558,684 shares during the period. Capital World Investors boosted its position in Netflix by 859.1% during the 4th quarter. Capital World Investors now owns 89,341,444 shares of the Internet television network’s stock valued at $8,376,656,000 after purchasing an additional 80,025,890 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in Netflix by 685.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 86,058,878 shares of the Internet television network’s stock worth $8,068,882,000 after buying an additional 75,107,069 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

NFLX has been the topic of several analyst reports. China Renaissance increased their target price on Netflix from $90.00 to $100.00 and gave the stock a “hold” rating in a research report on Friday, April 17th. Phillip Securities upgraded shares of Netflix from a “moderate buy” rating to a “strong-buy” rating in a research report on Sunday, July 19th. Morgan Stanley reaffirmed an “overweight” rating and issued a $90.00 price objective (down from $115.00) on shares of Netflix in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft set a $110.00 price objective on shares of Netflix in a research report on Monday, July 20th. Finally, Barclays reduced their target price on shares of Netflix from $85.00 to $80.00 and set an “equal weight” rating for the company in a research note on Friday, July 17th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $103.48.

Insider Activity

In other news, CEO Theodore A. Sarandos sold 27,312 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $87.97, for a total transaction of $2,402,636.64. Following the completion of the transaction, the chief executive officer owned 284,804 shares in the company, valued at approximately $25,054,207.88. This trade represents a 8.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Spencer Adam Neumann sold 9,253 shares of Netflix stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $88.95, for a total transaction of $823,054.35. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares in the company, valued at $6,563,353.65. This represents a 11.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 899,839 shares of company stock valued at $80,141,661 over the last quarter. Insiders own 1.24% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $73.63 on Thursday. Netflix, Inc. has a 1 year low of $65.08 and a 1 year high of $126.71. The firm has a market cap of $306.59 billion, a P/E ratio of 23.18, a PEG ratio of 0.91 and a beta of 1.52. The stock has a fifty day moving average price of $77.32 and a two-hundred day moving average price of $85.62. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, topping analysts’ consensus estimates 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%.The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 EPS. Research analysts forecast that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is reportedly paying approximately $200 million for U.S. and Canadian broadcast rights to the 2027 FIFA Women’s World Cup. The deal could expand its live-programming offering, attract new viewers and support advertising growth. Netflix to pay $200M for US Women’s World Cup broadcast rights
• Positive Sentiment: Analysts and commentators continue to point to Netflix’s selective live-content strategy, growing ad business, strong cash generation and share repurchases as potential long-term earnings drivers. One market commentator also named NFLX as a preferred trade. Netflix’s Live Content Push
• Positive Sentiment: Netflix overtook the BBC as the top viewing choice among U.K. audiences in an Ofcom report, supporting the company’s international reach and engagement. Netflix overtakes BBC in U.K. viewing
• Positive Sentiment: Canada appears poised to eliminate a levy on streaming companies, which could reduce Netflix’s regulatory and content-related costs in that market. Netflix tax to be cut in Canada
• Neutral Sentiment: LVMH CEO Bernard Arnault disclosed that he once owned nearly 20% of Netflix but sold too early. The anecdote may draw attention to Netflix’s historical returns, but it has no direct effect on the company’s current fundamentals. Bernard Arnault’s former Netflix stake
• Negative Sentiment: Netflix’s latest quarterly revenue slightly missed Wall Street expectations, while disappointing third-quarter guidance reinforced concerns that the company’s rapid growth phase is slowing. Netflix’s growth outlook
• Negative Sentiment: Erste Group lowered its 2027 EPS estimate and maintained a “Hold” rating. Other coverage argues Roku currently offers a stronger risk-reward profile because of its lower valuation and raised guidance. NFLX versus Roku
• Negative Sentiment: Questions about declining season-two viewership, including for “Ransom Canyon,” raise concerns about content durability and Netflix’s ability to sustain engagement without continuously increasing spending. Ransom Canyon viewership concerns

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.