Canada Pension Plan Investment Board Has $750.59 Million Stock Holdings in Netflix, Inc. $NFLX

Key Points

• The Canada Pension Plan Investment Board reduced its stake in Netflix by 8.7%, now holding approximately 0.19% of the company valued at $750.59 million.
• In contrast, Resurgent Financial Advisors LLC increased its stake in Netflix by 234.4% during the same quarter, reflecting growing investor interest in the stock.
• Netflix has received strong upgrades from several analysts, with a current average rating of "Moderate Buy" and a price target of $1,297.66.

Canada Pension Plan Investment Board lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 804,892 shares of the Internet television network's stock after selling 76,805 shares during the period. Canada Pension Plan Investment Board owned approximately 0.19% of Netflix worth $750,586,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NFLX. Resurgent Financial Advisors LLC grew its stake in Netflix by 234.4% in the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock valued at $942,000 after acquiring an additional 708 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Netflix by 42.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock valued at $412,059,000 after purchasing an additional 130,946 shares during the period. Janus Henderson Group PLC increased its stake in Netflix by 8.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock valued at $1,227,468,000 after purchasing an additional 110,432 shares in the last quarter. PharVision Advisers LLC acquired a new position in Netflix during the fourth quarter worth $873,000. Finally, New England Research & Management Inc. lifted its stake in shares of Netflix by 148.5% in the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock valued at $1,979,000 after buying an additional 1,268 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Jay C. Hoag sold 31,750 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the completion of the transaction, the director owned 63,040 shares in the company, valued at approximately $78,948,144. This represents a 33.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the sale, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 123,163 shares of company stock worth $151,917,174. 1.37% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Netflix from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. Bank of America increased their price objective on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Robert W. Baird lifted their target price on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Evercore ISI reissued an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Finally, TD Cowen raised their price objective on Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, Netflix currently has an average rating of "Moderate Buy" and an average price target of $1,297.66.

Netflix Trading Up 0.6%

NASDAQ NFLX opened at $1,231.45 on Friday. The business's fifty day moving average is $1,231.58 and its 200-day moving average is $1,116.03. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $523.28 billion, a price-to-earnings ratio of 52.47, a PEG ratio of 2.06 and a beta of 1.59. Netflix, Inc. has a one year low of $660.80 and a one year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. During the same period in the previous year, the company earned $4.88 earnings per share. The company's quarterly revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.

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