Netflix, Inc. $NFLX Shares Bought by Ilmarinen Mutual Pension Insurance Co

Key Points

• Ilmarinen Mutual Pension Insurance Co has increased its stake in Netflix by 5.2%, owning a total of 67,300 shares valued at approximately $62.76 million, making Netflix its 21st largest position.
• Large investors, including Vanguard Group and GAMMA Investing LLC, have also significantly boosted their positions in Netflix, contributing to institutional investors owning about 80.93% of the company's stock.
• Netflix reported strong earnings, with $7.19 EPS for the most recent quarter, surpassing analysts' expectations, and has set a bullish guidance for FY 2025, indicating continued growth prospects.

Ilmarinen Mutual Pension Insurance Co lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,300 shares of the Internet television network's stock after purchasing an additional 3,300 shares during the quarter. Netflix accounts for approximately 0.6% of Ilmarinen Mutual Pension Insurance Co's portfolio, making the stock its 21st largest holding. Ilmarinen Mutual Pension Insurance Co's holdings in Netflix were worth $62,759,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Resurgent Financial Advisors LLC grew its stake in shares of Netflix by 234.4% during the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock worth $942,000 after purchasing an additional 708 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Netflix by 42.1% during 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 buying an additional 130,946 shares in the last quarter. PharVision Advisers LLC purchased a new position in shares of Netflix during the 4th quarter valued at approximately $873,000. New England Research & Management Inc. lifted its position in shares of Netflix by 148.5% during the 1st 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. Finally, NewEdge Advisors LLC lifted its position in shares of Netflix by 12.3% during the 1st quarter. NewEdge Advisors LLC now owns 52,760 shares of the Internet television network's stock valued at $49,201,000 after buying an additional 5,776 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Trading Down 1.3%

Shares of NASDAQ NFLX traded down $15.06 during trading on Friday, hitting $1,188.44. 3,778,934 shares of the company were exchanged, compared to its average volume of 2,525,736. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The company has a fifty day moving average price of $1,218.15 and a 200-day moving average price of $1,131.45. The firm has a market capitalization of $505.00 billion, a PE ratio of 50.64, a P/E/G ratio of 2.03 and a beta of 1.60.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NFLX shares. UBS Group reiterated a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. Piper Sandler increased their target price on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Bank of America increased their target price on Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research report on Friday, May 30th. JPMorgan Chase & Co. increased their target price on Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. Finally, Citigroup reiterated a "neutral" rating and set a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $1,317.58.

Insider Buying and Selling

In other news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the transaction, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. The trade was a 11.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Reed Hastings sold 25,959 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the sale, the director directly owned 394 shares of the company's stock, valued at $475,837.74. The trade was a 98.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock worth $109,498,489 in the last quarter. 1.37% of the stock is currently owned by insiders.

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.