VIRGINIA RETIREMENT SYSTEMS ET Al Buys 710,967 Shares of Netflix, Inc. $NFLX

VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 777.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 802,380 shares of the Internet television network’s stock after purchasing an additional 710,967 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Netflix were worth $75,231,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Boyd Watterson Asset Management LLC OH lifted its position in Netflix by 900.0% in the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 12,990 shares of the Internet television network’s stock valued at $1,218,000 after purchasing an additional 11,691 shares during the last quarter. Opinicus Capital Inc. lifted its position in Netflix by 896.5% in the fourth quarter. Opinicus Capital Inc. now owns 7,733 shares of the Internet television network’s stock valued at $725,000 after purchasing an additional 6,957 shares during the last quarter. Northeast Investment Management raised its holdings in shares of Netflix by 919.0% during the fourth quarter. Northeast Investment Management now owns 203,805 shares of the Internet television network’s stock valued at $19,109,000 after acquiring an additional 183,805 shares in the last quarter. Hartford Investment Management Co. raised its holdings in shares of Netflix by 883.3% during the fourth quarter. Hartford Investment Management Co. now owns 244,844 shares of the Internet television network’s stock valued at $22,957,000 after acquiring an additional 219,945 shares in the last quarter. Finally, Empire Life Investments Inc. raised its holdings in shares of Netflix by 807.6% during the fourth quarter. Empire Life Investments Inc. now owns 9,602 shares of the Internet television network’s stock valued at $900,000 after acquiring an additional 8,544 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NFLX. Oppenheimer set a $120.00 target price on Netflix and gave the company an “outperform” rating in a report on Friday, April 17th. Bank of America decreased their target price on Netflix from $149.00 to $125.00 and set a “buy” rating for the company in a report on Friday, March 6th. Evercore began coverage on Netflix in a report on Friday, February 27th. They set an “outperform” rating and a $115.00 target price for the company. William Blair restated an “outperform” rating on shares of Netflix in a report on Wednesday, January 21st. Finally, HSBC upped their price target on Netflix from $106.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and fifteen have given a Hold rating to the company’s stock. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $114.82.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Investors are focusing on Netflix’s pricing power and ad-supported business, with commentary suggesting the company’s revenue growth and ad monetization could be re-rated higher if churn stays contained. Netflix shares rise 3.9% as investors refocus on pricing power and ad-growth outlook
• Positive Sentiment: Netflix highlighted the scale of its content investment, saying it has spent more than $135 billion on films and TV over the past decade and generated over $325 billion in global economic impact while supporting more than 425,000 jobs, reinforcing its dominance in streaming. Netflix spent over $135 billion on film, TV over last decade
• Positive Sentiment: Separate coverage noted Netflix shares were gaining despite broader market weakness, with traders pointing to technical support and continued optimism around analyst forecasts. What’s Going On With Netflix Stock Tuesday?
• Neutral Sentiment: Wall Street commentary remains broadly constructive, and several recent articles framed Netflix as a trending stock amid ongoing investor interest, but these pieces did not add a clearly new fundamental catalyst. Netflix, Inc. (NFLX) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Texas sued Netflix over alleged unauthorized data collection on children and claims the platform was designed to be addictive, creating legal and reputational overhang that could pressure sentiment if the case escalates. Netflix sued by Texas for allegedly spying on consumers
• Negative Sentiment: Additional coverage said the lawsuit is putting Netflix’s data practices and ad growth under scrutiny, which may worry investors about future monetization and regulatory risk. Texas Lawsuit Puts Netflix Data Practices And Ad Growth Under Scrutiny

Insiders Place Their Bets

In other news, insider David A. Hyman sold 5,722 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $88.08, for a total value of $503,993.76. Following the transaction, the insider owned 316,100 shares in the company, valued at $27,842,088. This trade represents a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory K. Peters sold 27,312 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $88.69, for a total value of $2,422,301.28. Following the completion of the transaction, the chief executive officer owned 120,931 shares in the company, valued at approximately $10,725,370.39. This trade represents a 18.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,422,769 shares of company stock valued at $135,144,073. 1.37% of the stock is owned by corporate insiders.

Netflix Stock Up 2.6%

NASDAQ NFLX opened at $87.66 on Wednesday. The stock’s 50-day moving average price is $95.38 and its 200-day moving average price is $95.37. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. Netflix, Inc. has a 52 week low of $75.01 and a 52 week high of $134.12. The company has a market capitalization of $369.12 billion, a P/E ratio of 28.31, a price-to-earnings-growth ratio of 1.09 and a beta of 1.55.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.47. The company had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The firm’s quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the company earned $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, equities research analysts predict that Netflix, Inc. will post 3.6 earnings per share for the current year.

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.