California State Teachers Retirement System Sells 10,629 Shares of Netflix, Inc. $NFLX

California State Teachers Retirement System decreased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 0.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,427,657 shares of the Internet television network's stock after selling 10,629 shares during the period. California State Teachers Retirement System owned 0.15% of Netflix worth $458,934,710 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Cornerstone Financial Management LLC bought a new position in shares of Netflix during the 4th quarter valued at $26,000. Redmont Wealth Advisors LLC boosted its position in shares of Netflix by 900.0% in the 4th quarter. Redmont Wealth Advisors LLC now owns 300 shares of the Internet television network's stock worth $28,000 after purchasing an additional 270 shares in the last quarter. Lloyd Advisory Services LLC. purchased a new position in Netflix during the fourth quarter worth approximately $28,000. Core Wealth Advisors LLC acquired a new position in Netflix in the fourth quarter valued at about $28,000. Finally, Evolution Wealth Management Inc. lifted its holdings in Netflix by 2,284.6% during the 4th quarter. Evolution Wealth Management Inc. now owns 310 shares of the Internet television network's stock worth $29,000 after buying an additional 297 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NFLX. Jefferies Financial Group dropped their price objective on shares of Netflix from $110.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, July 17th. CLSA assumed coverage on shares of Netflix in a research note on Monday, July 20th. They set an "outperform" rating for the company. China Intl Cap upgraded Netflix to a "strong-buy" rating in a report on Tuesday, July 21st. TD Cowen decreased their price objective on shares of Netflix from $112.00 to $100.00 and set a "buy" rating on the stock in a research report on Friday, July 17th. Finally, Itau BBA Securities reduced their price target on shares of Netflix from $151.40 to $96.00 and set an "outperform" rating for the company in a research report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and a consensus price target of $96.53.

Netflix Price Performance

Shares of NFLX traded down $1.89 during mid-day trading on Tuesday, reaching $78.43. The company had a trading volume of 16,201,786 shares, compared to its average volume of 42,766,695. The company's 50-day moving average is $75.80 and its 200-day moving average is $84.45. Netflix, Inc. has a twelve month low of $65.08 and a twelve month high of $124.86. The company has a market capitalization of $326.58 billion, a P/E ratio of 24.68, a P/E/G ratio of 1.09 and a beta of 1.53. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, beating 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 net margin of 28.22% and a return on equity of 40.02%. Netflix's revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. On average, equities analysts anticipate that Netflix, Inc. will post 3.59 EPS for the current year.

Insiders Place Their Bets

In other Netflix news, CEO Theodore A. Sarandos sold 27,312 shares of the business's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $73.35, for a total value of $2,003,335.20. Following the sale, the chief executive officer owned 178,954 shares of the company's stock, valued at $13,126,275.90. The trade was a 13.24% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Spencer Neumann sold 9,248 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $75.79, for a total transaction of $700,905.92. Following the transaction, the chief financial officer owned 73,787 shares of the company's stock, valued at approximately $5,592,316.73. This represents a 11.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 215,035 shares of company stock valued at $15,922,139. 1.24% of the stock is currently owned by company insiders.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Evercore ISI raised its Netflix price target to $110 from $100 and reiterated an Outperform rating, citing improving subscriber trends in the United States and Japan. The firm also sees live events and short-form video as potential new engagement and growth drivers. Netflix Shares Jump After Evercore Raises Price Target To $110
• Positive Sentiment: Recent commentary remains constructive on Netflix’s long-term outlook, pointing to rising earnings and free cash flow, the ad-supported tier, live programming opportunities and a potentially attractive valuation after the stock’s decline from its peak. Netflix Stock Will Be Worth More by 2028
• Neutral Sentiment: Netflix, Amazon and YouTube formed the Streaming Access and Choice Alliance to advocate for consumer access to online content, including amid greater scrutiny of sports and live-entertainment rights. Amazon, Netflix, YouTube Form Coalition
• Neutral Sentiment: Netflix will report third-quarter 2026 results on October 20, giving investors a forthcoming catalyst to assess subscriber momentum, advertising and the effect of pricing changes. Netflix to Announce Third Quarter 2026 Financial Results
• Negative Sentiment: Broader macroeconomic friction is weighing on trading in Netflix and other growth-oriented stocks, pressuring shares despite supportive company-specific analyst commentary. Netflix Stock Edges Lower Tuesday
• Negative Sentiment: Netflix is among the companies receiving recent analyst downgrades, although its overall consensus rating remains bullish. A lawsuit alleging secret tracking of families and children adds regulatory and reputational risk, while the end of an animation agreement with Paramount Skydance removes a partnership-related growth opportunity.

Netflix Company Profile

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming access to television series, films, documentaries and other video content. Its service includes Netflix-produced and licensed programming, with offerings that may vary by market. The company also provides an advertising-supported plan in selected countries and has expanded into mobile games and other interactive entertainment.

Netflix was founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental service in the United States.

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