Pensioenfonds Rail & OV purchased a new stake in Netflix, Inc. (NASDAQ:NFLX – Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 125,260 shares of the Internet television network’s stock, valued at approximately $8,716,000. Netflix accounts for 2.3% of Pensioenfonds Rail & OV’s holdings, making the stock its 13th largest position.
A number of other institutional investors have also modified their holdings of NFLX. Phoenix Financial Ltd. raised its stake in Netflix by 129.7% during the third quarter. Phoenix Financial Ltd. now owns 163,595 shares of the Internet television network’s stock worth $10,829,000 after acquiring an additional 92,381 shares during the period. Act Two Investors LLC lifted its holdings in Netflix by 18.9% in the third quarter. Act Two Investors LLC now owns 92,612 shares of the Internet television network’s stock worth $6,444,000 after acquiring an additional 14,705 shares during the last quarter. Hansen & Associates Financial Group Inc. lifted its holdings in Netflix by 29.3% in the third quarter. Hansen & Associates Financial Group Inc. now owns 21,387 shares of the Internet television network’s stock worth $1,531,000 after acquiring an additional 4,843 shares during the last quarter. California First Leasing Corp boosted its stake in Netflix by 38.2% in the third quarter. California First Leasing Corp now owns 36,623 shares of the Internet television network’s stock valued at $2,548,000 after acquiring an additional 10,123 shares during the period. Finally, Dogwood Wealth Management LLC boosted its stake in Netflix by 19.2% in the third quarter. Dogwood Wealth Management LLC now owns 1,809 shares of the Internet television network’s stock valued at $126,000 after acquiring an additional 292 shares during the period. Institutional investors own 80.93% of the company’s stock.
Key Netflix News
These are some of the NFLX news items that stood out recently:
- Positive Sentiment: Billionaire investor Bill Ackman reiterated his bullish view and called Netflix undervalued, offering a high-profile vote of confidence. Billionaire investor Bill Ackman on why he’s staying bullish on Netflix
- Positive Sentiment: A comparison with Disney characterized Netflix as a global streaming leader with higher net margins and double-digit revenue growth, supporting its long-term business case. Walt Disney vs. Netflix: Which Is the Better Entertainment Stock to Buy Going Into 2027?
- Negative Sentiment: Netflix’s Thanksgiving Eve NFL game is framed as a test of its advertising strategy following a reported $300 million ad cut, adding uncertainty about ad growth. Netflix’s Thanksgiving Eve NFL Game Is the Next Test After a $300 Million Ad Cut
Wall Street Analysts Forecast Growth
Several research firms have recently commented on NFLX. Bank of America lowered their target price on Netflix from $105.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, October 21st. Weiss Ratings downgraded Netflix from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. Phillip Securities lowered Netflix from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, October 23rd. William Blair reaffirmed an “outperform” rating on shares of Netflix in a research report on Wednesday, October 21st. Finally, Needham & Company LLC cut Netflix from a “buy” rating to a “hold” rating in a research note on Wednesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $89.14.
View Our Latest Stock Analysis on NFLX
Netflix Stock Performance
Shares of NFLX traded down $0.54 during mid-day trading on Friday, reaching $62.15. 36,558,372 shares of the company’s stock traded hands, compared to its average volume of 46,146,632. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.07 and a current ratio of 1.07. The business’s 50-day moving average price is $69.18 and its 200-day moving average price is $80.42. The stock has a market capitalization of $255.21 billion, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. Netflix, Inc. has a 12 month low of $61.39 and a 12 month high of $115.25.
Netflix (NASDAQ:NFLX – Get Free Report) last issued its quarterly earnings data on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.05. Netflix had a return on equity of 42.69% and a net margin of 29.69%. The business had revenue of $12.87 billion during the quarter, compared to analyst estimates of $12.87 billion. During the same period in the prior year, the company posted $0.59 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities analysts predict that Netflix, Inc. will post 3.59 earnings per share for the current year.
Insider Activity
In other news, insider David A. Hyman sold 5,727 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $64.55, for a total value of $369,677.85. Following the completion of the transaction, the insider owned 166,100 shares of the company’s stock, valued at approximately $10,721,755. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Theodore A. Sarandos sold 27,312 shares of the firm’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $66.20, for a total value of $1,808,054.40. Following the transaction, the chief executive officer directly owned 178,954 shares in the company, valued at $11,846,754.80. This trade represents a 13.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 89,024 shares of company stock worth $5,788,733 over the last ninety days. 1.24% of the stock is currently owned by company insiders.
About Netflix
Netflix, Inc. is an entertainment company that offers subscription-based streaming of television series, films, documentaries and other programming. Its service also includes mobile games and, in some markets, advertising-supported viewing plans. Netflix produces and licenses content, including titles made under its Netflix brand. Founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental business, the company launched its streaming service in 2007 and later expanded into original programming.
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