Nan Shan Life Insurance Co. Ltd. Sells 145,028 Shares of Netflix, Inc. $NFLX

Key Points

• Nan Shan Life Insurance cut its Netflix position by 17.9%, selling 145,028 shares in the second quarter and retaining 665,142 shares valued at approximately $47.5 million.
• Institutional investors own 80.93% of Netflix, with major firms including BlackRock, State Street, Geode Capital Management, Capital World Investors and T. Rowe Price increasing their holdings.
• Netflix reported 13.4% year-over-year revenue growth and slightly beat quarterly EPS estimates, while analysts maintain a consensus “Moderate Buy” rating and a $96.65 price target.

Nan Shan Life Insurance Co. Ltd. lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 17.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 665,142 shares of the Internet television network's stock after selling 145,028 shares during the period. Netflix comprises approximately 1.5% of Nan Shan Life Insurance Co. Ltd.'s holdings, making the stock its 23rd largest holding. Nan Shan Life Insurance Co. Ltd.'s holdings in Netflix were worth $47,491,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. BlackRock Inc. bought a new stake in Netflix during the 2nd quarter valued at $24,902,221,000. State Street Corp lifted its stake in shares of Netflix by 927.6% during the 4th quarter. State Street Corp now owns 176,780,995 shares of the Internet television network's stock worth $16,574,986,000 after purchasing an additional 159,578,053 shares during the last quarter. Geode Capital Management LLC boosted its position in Netflix by 892.0% during the fourth quarter. Geode Capital Management LLC now owns 99,598,678 shares of the Internet television network's stock valued at $9,305,336,000 after purchasing an additional 89,558,684 shares in the last quarter. Capital World Investors boosted its position in Netflix by 859.1% during the fourth quarter. Capital World Investors now owns 89,341,444 shares of the Internet television network's stock valued at $8,376,656,000 after purchasing an additional 80,025,890 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Netflix by 685.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 86,058,878 shares of the Internet television network's stock valued at $8,068,882,000 after purchasing an additional 75,107,069 shares during the last quarter. 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’s expanding advertising business and large buyback program are cited as reasons the stock may offer an attractive entry point after its decline. Supporters argue that double-digit revenue growth has not been fully reflected in the valuation. Netflix Is Down 46% From Its High
• Positive Sentiment: Analyst sentiment remains favorable overall, with Netflix receiving an average “Moderate Buy” rating. Jim Cramer also described NFLX as a buy, though not an especially aggressive one. Netflix Receives Moderate Buy Rating
• Positive Sentiment: A multi-year EverPass agreement will distribute Netflix’s five NFL games for the 2026 season to commercial establishments, potentially broadening live-event reach and advertising opportunities. EverPass Media Expands NFL Offering
• Positive Sentiment: An exclusive preview of Grand Theft Auto VI generated 31.1 million views and topped Netflix’s global viewing charts, highlighting the platform’s ability to attract engagement around major gaming content. GTA VI Gameplay Peek Tops Netflix Charts
• Neutral Sentiment: Netflix’s gaming initiative is gaining visibility through GTA-related engagement and increased player activity, but analysts say the business is still too small or opaque to quantify as a meaningful revenue pillar. Can Gaming Become the Next Revenue Pillar?
• Neutral Sentiment: September’s lineup includes returning and new high-profile programming, which could support engagement and retention, while broader streaming price increases may affect consumer behavior. What to Stream in September 2026
• Negative Sentiment: Investor concerns persist over leadership changes and prior strategic missteps, including a failed buyout attempt and Reed Hastings’ departure. These issues explain why even bullish commentary remains cautious. Jim Cramer Calls Netflix a Buy, Not a Huge Buy

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $80.81 on Wednesday. Netflix, Inc. has a twelve month low of $65.08 and a twelve month high of $126.71. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. The company has a market cap of $336.49 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 1.02 and a beta of 1.53. The company's 50 day moving average is $74.97 and its 200 day moving average is $84.35.

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

Insider Buying and Selling

In other news, insider David A. Hyman sold 5,723 shares of Netflix stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $72.85, for a total transaction of $416,920.55. Following the completion of the transaction, the insider directly owned 316,100 shares of the company's stock, valued at $23,027,885. The trade was a 1.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Theodore A. Sarandos sold 105,850 shares of the business's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $73.03, for a total transaction of $7,730,225.50. Following the completion of the transaction, the chief executive officer owned 206,266 shares of the company's stock, valued at approximately $15,063,605.98. This represents a 33.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 213,595 shares of company stock valued at $15,812,072 in the last three months. 1.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on NFLX. Deutsche Bank Aktiengesellschaft set a $110.00 price target on shares of Netflix in a research report on Monday, July 20th. JPMorgan Chase & Co. reissued a "buy" rating on shares of Netflix in a research report on Thursday, August 20th. The Goldman Sachs Group lowered Netflix from an "underweight" rating to a "sell" rating in a research report on Monday, July 20th. Sanford C. Bernstein set a $95.00 price target on Netflix and gave the company an "outperform" rating in a research note on Friday, July 17th. Finally, Loop Capital lowered their price target on Netflix from $115.00 to $95.00 and set a "buy" rating for the company in a report on Friday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $96.65.

Netflix Company 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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