Canada Pension Plan Investment Board Buys New Stake in Netflix, Inc. $NFLX

Key Points

• Canada Pension Plan Investment Board bought 8.46 million Netflix shares worth approximately $604.4 million in the second quarter, giving it a roughly 0.20% stake.
• Institutional investors own 80.93% of Netflix, while insiders sold approximately 600,295 shares worth $49.1 million over the past three months.
• Netflix reported quarterly EPS of $0.80, slightly above estimates, with revenue rising 13.4% year over year to $12.56 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $103.19.

Canada Pension Plan Investment Board purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,464,738 shares of the Internet television network's stock, valued at approximately $604,382,000. Canada Pension Plan Investment Board owned approximately 0.20% of Netflix at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Turning Point Benefit Group Inc. grew its position in Netflix by 13,400.0% during the 4th quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network's stock worth $25,000 after acquiring an additional 268 shares during the last quarter. Imprint Wealth LLC acquired a new position in Netflix during the third quarter valued at approximately $25,000. Cornerstone Financial Management LLC bought a new stake in shares of Netflix in the 4th quarter valued at $26,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in Netflix during the 2nd quarter worth approximately $26,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of Netflix during the fourth quarter worth $26,000. Institutional investors own 80.93% of the company's stock.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 27,312 shares of the company's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the sale, the chief executive officer directly owned 120,931 shares in the company, valued at $8,893,265.74. This represents a 18.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Bradford L. Smith sold 35,990 shares of the company's stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $77.52, for a total transaction of $2,789,944.80. Following the transaction, the director owned 79,690 shares in the company, valued at $6,177,568.80. The trade was a 31.11% 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. Insiders have sold a total of 600,295 shares of company stock worth $49,056,671 over the last three months. 1.24% of the stock is owned by company insiders.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is reportedly exploring the ability to sell subscriptions to rival services such as Peacock and Fox One. Becoming a broader streaming-subscription hub could increase customer convenience, generate additional fees and strengthen Netflix’s position as a central entertainment platform. Netflix Stock Rises on Report It May Sell Subscriptions to Rival Streaming Services
• Positive Sentiment: Netflix’s growing NFL partnership and possible access to other streaming services could give viewers more reasons to remain within its app, supporting engagement and the company’s advertising business. Netflix Stock: NFL Growth and Rival Streaming Access Could Grow Its Ad Business
• Positive Sentiment: Investors are also focused on Netflix’s low-priced ad-supported tier, sports strategy and international expansion. Pershing Square’s increased stake has provided an additional vote of confidence in the company’s diversification and monetization plans. How Investors May Respond To Netflix Ad Tier, Sports Push, and Pershing Square’s Bigger Bet
• Neutral Sentiment: Reported short interest was listed at zero shares, making the data unreliable and offering little meaningful indication of short-covering activity.
• Neutral Sentiment: Netflix generated approximately $2.8 billion in 2025 UK revenue, surpassing ITV for the first time and highlighting its international scale. Netflix Posts $2.8B Revenues In UK To Overtake ITV For First Time
• Negative Sentiment: YouTube’s efforts to lock up prominent creators could trigger a bidding war for content, increasing Netflix’s programming costs and pressuring margins. YouTube Could Spark a Creator Bidding War That Hurts Netflix Stock
• Negative Sentiment: A leadership change in Netflix’s advertising division creates some execution uncertainty as the company works to scale its ad business. Netflix parts ways with a key ad executive

Netflix Stock Up 2.8%

Netflix stock opened at $82.23 on Wednesday. Netflix, Inc. has a 12 month low of $65.08 and a 12 month high of $126.71. The stock has a fifty day simple moving average of $74.42 and a two-hundred day simple moving average of $84.36. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. The firm has a market cap of $342.40 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 1.00 and a beta of 1.52.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.01. The business had revenue of $12.56 billion for the quarter, compared to analysts' expectations of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The business's revenue for the quarter was up 13.4% on a year-over-year basis. During the same period last year, the firm posted $0.72 earnings per share. Equities analysts predict that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NFLX shares. JPMorgan Chase & Co. lowered their price objective on shares of Netflix from $118.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, July 17th. Barclays dropped their price objective on Netflix from $85.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Friday, July 17th. UBS Group dropped their price target on Netflix from $130.00 to $115.00 and set a "buy" rating on the stock in a research note on Friday, July 17th. BMO Capital Markets reissued an "outperform" rating on shares of Netflix in a research note on Friday, August 14th. Finally, Jefferies Financial Group cut their price target on shares of Netflix from $128.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, June 10th. Four equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, Netflix has an average rating of "Moderate Buy" and an average target price of $103.19.

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.

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