Louisiana State Employees Retirement System Has $71.78 Million Stock Position in Netflix, Inc. $NFLX

Louisiana State Employees Retirement System cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,600 shares of the Internet television network's stock after selling 700 shares during the quarter. Netflix makes up 1.3% of Louisiana State Employees Retirement System's portfolio, making the stock its 10th largest holding. Louisiana State Employees Retirement System's holdings in Netflix were worth $71,777,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NFLX. Nuveen LLC bought a new position in shares of Netflix in the first quarter valued at about $2,385,585,000. Kingstone Capital Partners Texas LLC raised its holdings in shares of Netflix by 343,058.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network's stock valued at $3,299,450,000 after buying an additional 2,463,158 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Netflix by 57.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock valued at $3,164,134,000 after buying an additional 1,236,251 shares during the last quarter. Amundi raised its holdings in shares of Netflix by 37.7% in the first quarter. Amundi now owns 2,070,221 shares of the Internet television network's stock valued at $1,898,496,000 after buying an additional 567,251 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Netflix by 1.4% in the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after buying an additional 509,255 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $1,191.06 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $506.12 billion, a P/E ratio of 50.75, a P/E/G ratio of 1.96 and a beta of 1.59. The business has a 50-day moving average price of $1,207.58 and a two-hundred day moving average price of $1,163.42. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly 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 business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period last year, the company posted $4.88 EPS. Netflix's revenue for the quarter 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 analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

NFLX has been the subject of a number of research analyst reports. KeyCorp lifted their price target on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. TD Cowen dropped their price objective on Netflix from $1,450.00 to $1,425.00 and set a "buy" rating for the company in a report on Tuesday. Wedbush reissued an "outperform" rating and set a $1,500.00 price objective (up from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Canaccord Genuity Group reissued a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Finally, UBS Group set a $1,425.00 price objective on Netflix in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,337.63.

Insider Buying and Selling

In other Netflix news, insider Cletus R. Willems sold 238 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,327,734.41. This trade represents a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is owned by company insiders.

Netflix Company 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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