Meiji Yasuda Life Insurance Co Sells 1,356 Shares of Netflix, Inc. $NFLX

Key Points

• Meiji Yasuda Life Insurance Co. has reduced its stake in Netflix by 7.9%, selling 1,356 shares, resulting in a total holding of 15,712 shares valued at approximately $14.65 million.
• Despite this sale, institutional investors hold 80.93% of Netflix's stock, with several others, including Resurgent Financial Advisors and BNP PARIBAS ASSET MANAGEMENT, increasing their investments significantly.
• Netflix's stock recently opened at $1,243.82, reflecting a 1.1% decline, with reported earnings of $7.19 per share, exceeding expectations and indicating strong revenue growth year-over-year.

Meiji Yasuda Life Insurance Co reduced its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,712 shares of the Internet television network's stock after selling 1,356 shares during the period. Meiji Yasuda Life Insurance Co's holdings in Netflix were worth $14,652,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Resurgent Financial Advisors LLC grew its holdings in shares of Netflix by 234.4% during the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock valued at $942,000 after buying an additional 708 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Netflix by 42.1% during the first 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 during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Netflix by 8.7% during the fourth 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 buying an additional 110,432 shares during the last quarter. PharVision Advisers LLC acquired a new position in shares of Netflix during the fourth quarter valued at about $873,000. Finally, New England Research & Management Inc. grew its holdings in shares of Netflix by 148.5% during 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 during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Stock Down 1.1%

NFLX opened at $1,243.82 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock has a market cap of $528.54 billion, a price-to-earnings ratio of 53.00, a PEG ratio of 2.09 and a beta of 1.60. Netflix, Inc. has a twelve month low of $660.80 and a twelve month high of $1,341.15. The company's 50-day moving average price is $1,225.36 and its two-hundred day moving average price is $1,125.05.

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. The firm had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company's quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Netflix from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. BMO Capital Markets reiterated an "outperform" rating and set a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Phillip Securities cut shares of Netflix from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. Rosenblatt Securities lifted their price objective on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, Zacks Research cut shares of Netflix from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,317.58.

Insider Buying and Selling

In other news, insider Cletus R. Willems sold 238 shares of the business's stock in a transaction that occurred 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 at the SEC website. Also, CFO Spencer Adam Neumann sold 2,600 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the completion of the sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,457,842.16. This trade represents a 41.33% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,348 shares of company stock valued at $109,498,489. Corporate insiders own 1.37% of the company's stock.

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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