Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1,023.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,752 shares of the Internet television network's stock after buying an additional 61,722 shares during the period. Meiji Yasuda Asset Management Co Ltd.'s holdings in Netflix were worth $6,352,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Netflix by 912.5% during the 4th quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network's stock worth $36,567,805,000 after buying an additional 351,493,659 shares during the last quarter. Baillie Gifford & Co. increased its holdings in shares of Netflix by 912.3% during the 4th quarter. Baillie Gifford & Co. now owns 36,940,035 shares of the Internet television network's stock worth $3,463,498,000 after buying an additional 33,290,988 shares during the last quarter. Jennison Associates LLC increased its holdings in Netflix by 639.9% in the 4th 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 in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Netflix by 891.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,099,908 shares of the Internet television network's stock valued at $1,134,487,000 after purchasing an additional 10,879,276 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Netflix by 850.7% in the 4th quarter. Principal Financial Group Inc. now owns 10,858,157 shares of the Internet television network's stock valued at $1,018,062,000 after purchasing an additional 9,716,017 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.
Netflix Stock Performance
NASDAQ:NFLX opened at $89.30 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a 50-day moving average of $94.00 and a two-hundred day moving average of $94.20. The stock has a market cap of $376.02 billion, a P/E ratio of 28.84, a PEG ratio of 1.12 and a beta of 1.55. Netflix, Inc. has a 1-year low of $75.01 and a 1-year high of $134.12.
Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.47. The company had revenue of $12.25 billion during the quarter, compared to analysts' expectations of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The firm's revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the prior year, the company posted $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, research analysts expect that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.
Trending Headlines about Netflix
Here are the key news stories impacting Netflix this week:
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Guggenheim reiterated a "buy" rating and issued a $120.00 price target on shares of Netflix in a report on Friday, May 15th. Bank of America reiterated a "buy" rating and issued a $125.00 price target on shares of Netflix in a report on Monday. Phillip Securities increased their price target on Netflix from $100.00 to $110.00 in a report on Monday, April 20th. Huber Research upgraded Netflix from a "strong sell" rating to a "strong-buy" rating in a report on Friday, February 27th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Netflix in a report on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $114.82.
Check Out Our Latest Report on Netflix
Insider Buying and Selling
In other Netflix news, CFO Spencer Adam Neumann sold 57,260 shares of the company's stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $95.50, for a total value of $5,468,330.00. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares of the company's stock, valued at $7,046,658.50. This represents a 43.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David A. Hyman sold 5,722 shares of the company's stock in a transaction dated 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 transaction, the insider directly owned 316,100 shares of the company's stock, valued at approximately $27,842,088. The trade was a 1.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 1,422,769 shares of company stock worth $135,144,073 over the last quarter. Company insiders own 1.24% of the company's stock.
About Netflix
(
Free Report)
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.
Further Reading
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