Natixis Advisors LLC Increases Stock Position in Netflix, Inc. $NFLX

Key Points

• Natixis Advisors LLC boosted its Netflix stake by 797.3% in the fourth quarter, ending with 4,989,919 shares worth about $467.9 million.
• Several other major institutional investors also increased their Netflix holdings, and hedge funds and other institutions own 80.93% of the company’s stock.
• Netflix reported a strong quarter with EPS of $1.23 versus the $0.76 estimate and revenue of $12.25 billion, while analysts currently rate the stock a Moderate Buy with a consensus price target of $114.82.

Natixis Advisors LLC grew its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 797.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,989,919 shares of the Internet television network's stock after purchasing an additional 4,433,837 shares during the period. Netflix comprises about 0.7% of Natixis Advisors LLC's portfolio, making the stock its 19th largest position. Natixis Advisors LLC owned about 0.12% of Netflix worth $467,854,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NFLX. Vanguard Group Inc. raised its holdings in shares of Netflix by 912.5% in the fourth quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network's stock valued at $36,567,805,000 after purchasing an additional 351,493,659 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Netflix by 892.0% in 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 during the last quarter. Norges Bank purchased a new stake in shares of Netflix in the fourth quarter valued at about $5,803,248,000. Baillie Gifford & Co. raised its holdings in shares of Netflix by 912.3% in the fourth quarter. Baillie Gifford & Co. now owns 36,940,035 shares of the Internet television network's stock valued at $3,463,498,000 after purchasing an additional 33,290,988 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Netflix by 639.9% in the fourth quarter. Jennison Associates LLC now owns 34,871,951 shares of the Internet television network's stock valued at $3,269,594,000 after purchasing an additional 30,158,900 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on NFLX shares. Morgan Stanley restated an "overweight" rating on shares of Netflix in a report on Friday, April 17th. Weiss Ratings upgraded shares of Netflix from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, May 4th. New Street Research raised their price objective on shares of Netflix from $96.00 to $102.00 in a report on Friday, April 17th. Jefferies Financial Group decreased their price objective on shares of Netflix from $134.00 to $128.00 and set a "buy" rating for the company in a report on Friday, April 17th. Finally, JPMorgan Chase & Co. restated a "buy" rating on shares of Netflix in a report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $114.82.

Insider Buying and Selling

In other news, CFO Spencer Adam Neumann sold 9,253 shares of the business's stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $88.95, for a total value of $823,054.35. Following the sale, the chief financial officer owned 73,787 shares of the company's stock, valued at $6,563,353.65. The trade was a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David A. Hyman sold 5,722 shares of the business's stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $88.08, for a total transaction of $503,993.76. Following the completion of the sale, the insider directly owned 316,100 shares in the company, valued at approximately $27,842,088. This trade represents a 1.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 926,329 shares of company stock valued at $87,071,177. Corporate insiders own 1.24% of the company's stock.

Netflix Stock Performance

NASDAQ NFLX opened at $85.85 on Tuesday. The company's 50 day moving average is $93.00 and its 200-day moving average is $93.09. Netflix, Inc. has a 12-month low of $75.01 and a 12-month high of $134.12. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The firm has a market cap of $361.50 billion, a P/E ratio of 27.73, a price-to-earnings-growth ratio of 1.09 and a beta of 1.50.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.47. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The company had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.17 billion. During the same quarter in the previous year, the firm posted $6.61 earnings per share. The company's quarterly revenue was up 16.2% compared to the same quarter last year. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Sell-side analysts predict that Netflix, Inc. will post 3.6 earnings per share for the current year.

About Netflix

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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