Norinchukin Bank The Acquires 10,194 Shares of Netflix, Inc. $NFLX

Key Points

• Norinchukin Bank The increased its stake in Netflix, acquiring an additional 10,194 shares, bringing its total holdings to valued at approximately $31.16 million.
• Insider sales included CEO Theodore A. Sarandos and CEO Gregory K. Peters, who each sold over 2,000 shares, resulting in an 11.78% and 13.68% decrease in their respective ownership.
• Netflix's stock opened at $1,213.86 and has been subject to several analyst upgrades, with a consensus rating of "Moderate Buy" and an average target price of $1,297.66.

Norinchukin Bank The grew its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 43.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,418 shares of the Internet television network's stock after acquiring an additional 10,194 shares during the quarter. Norinchukin Bank The's holdings in Netflix were worth $31,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after buying an additional 13 shares during the last quarter. Brown Shipley& Co Ltd purchased a new position in shares of Netflix in the 4th quarter worth about $27,000. Transce3nd LLC purchased a new position in shares of Netflix in the 4th quarter worth about $32,000. Copia Wealth Management purchased a new position in shares of Netflix in the 4th quarter worth about $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its holdings in shares of Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after buying an additional 45 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Price Performance

Shares of NFLX traded down $1.56 during midday trading on Friday, hitting $1,204.65. 3,122,827 shares of the company traded hands, compared to its average volume of 2,927,073. The stock has a 50-day moving average of $1,231.41 and a 200-day moving average of $1,110.30. Netflix, Inc. has a one year low of $660.80 and a one year high of $1,341.15. The firm has a market cap of $511.89 billion, a P/E ratio of 51.33, a PEG ratio of 2.03 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34.

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 the consensus estimate 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 return on equity of 42.50% and a net margin of 24.58%.The company's revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $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, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NFLX. Oppenheimer boosted their price target on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. BMO Capital Markets reaffirmed 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. Wedbush reaffirmed 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. Jefferies Financial Group reaffirmed a "buy" rating on shares of Netflix in a report on Tuesday, August 12th. Finally, Loop Capital reaffirmed a "hold" rating on shares of Netflix in a report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Netflix presently has an average rating of "Moderate Buy" and an average price target of $1,297.66.

Insider Activity at Netflix

In related news, Director Reed Hastings sold 26,933 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $1,211.66, for a total value of $32,633,638.78. Following the transaction, the director directly owned 394 shares in the company, valued at approximately $477,394.04. This represents a 98.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $1,307.22, for a total transaction of $3,400,079.22. Following the completion of the transaction, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,824,949.02. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 146,307 shares of company stock valued at $179,443,809 in the last ninety days. 1.37% of the stock is currently owned by company insiders.

Netflix 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.