Legal & General Group Plc Takes Position in Netflix, Inc. $NFLX

Key Points

• Legal & General Group acquired 26.4 million Netflix shares worth approximately $1.89 billion, representing about 0.63% of the company; institutional investors now own 80.93% of Netflix.
• Netflix reported quarterly EPS of $0.80 versus an expected $0.79, while revenue rose 13.4% year over year to $12.56 billion, narrowly below estimates.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $103.48, despite several recent target reductions and Netflix trading near $80.01.

Legal & General Group Plc purchased a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 26,421,929 shares of the Internet television network's stock, valued at approximately $1,886,526,000. Legal & General Group Plc owned approximately 0.63% of Netflix at the end of the most recent reporting period.

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

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is reportedly considering letting customers purchase or manage subscriptions to rival streaming services through its platform. The strategy could increase engagement, create potential transaction revenue, and strengthen Netflix’s position as a streaming hub. Netflix Stock Rises on Report It May Sell Subscriptions to Rival Streaming Services
• Positive Sentiment: Netflix generated approximately $2.8 billion in U.K. revenue during 2025, surpassing ITV for the first time. The milestone highlights the company’s strong international scale and monetization potential. Netflix Posts $2.8B Revenues in UK to Overtake ITV
• Positive Sentiment: Bill Ackman’s Pershing Square increased its Netflix position during the second quarter, reinforcing confidence among some institutional investors in the company’s long-term growth and monetization strategy. Bill Ackman Invests in Netflix
• Positive Sentiment: Investors continue to focus on Netflix’s lower-priced ad tier, sports initiatives, Latin American expansion, and possible app bundling as avenues to broaden engagement and revenue. Investors Assess Netflix’s Ad Tier, Sports Push, and Pershing Square Stake
• Neutral Sentiment: Options strategies that offer income for shareholders and commentary suggesting Netflix may be a buying opportunity reflect investor interest, but do not represent new company fundamentals. Get Paid 12% a Year to Hold NFLX Stock
• Negative Sentiment: Netflix parted ways with advertising-product executive Jon Whitticom in an ad-business leadership shake-up. The departure raises questions about execution as the company works to scale its advertising platform. Netflix Shakes Up Advertising Leadership
• Negative Sentiment: YouTube’s efforts to secure exclusive creator content could trigger a bidding war and increase Netflix’s programming costs, potentially pressuring margins. Commentary also raised concerns that Netflix’s strong growth phase could moderate. YouTube Could Spark a Creator Bidding War That Hurts Netflix Stock

Analyst Ratings Changes

A number of analysts recently commented on the company. Bank of America reiterated a "buy" rating and issued a $125.00 price objective on shares of Netflix in a research report on Monday, May 18th. KGI Securities downgraded shares of Netflix from an "outperform" rating to a "neutral" rating and set a $75.00 target price on the stock. in a research report on Friday, July 17th. Barclays reduced their target price on shares of Netflix from $85.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Friday, July 17th. KeyCorp reiterated an "overweight" rating and set a $92.00 price target (down from $115.00) on shares of Netflix in a research report on Monday, July 13th. Finally, Pivotal Research dropped their price target on shares of Netflix from $96.00 to $70.00 and set a "hold" rating for the company in a research note on Friday, July 17th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $103.48.

Netflix Price Performance

Shares of NFLX stock opened at $80.01 on Tuesday. Netflix, Inc. has a 12-month low of $65.08 and a 12-month high of $126.71. The firm has a market capitalization of $333.16 billion, a price-to-earnings ratio of 25.18, a price-to-earnings-growth ratio of 1.00 and a beta of 1.52. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. The firm has a fifty day moving average of $74.35 and a 200-day moving average of $84.35.

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

Insider Buying and Selling at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 9,248 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $75.79, for a total transaction of $700,905.92. Following the sale, the chief financial officer directly owned 73,787 shares in the company, valued at approximately $5,592,316.73. This trade represents a 11.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Reed Hastings sold 386,700 shares of the company's stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $85.97, for a total transaction of $33,244,599.00. Following the completion of the transaction, the director owned 3,940 shares of the company's stock, valued at $338,721.80. This trade represents a 98.99% decrease in their position. The SEC filing for this sale provides additional information. 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. Company insiders own 1.24% of the company's stock.

Netflix 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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