Netflix, Inc. $NFLX Shares Bought by Intact Investment Management Inc.

Key Points

• Intact Investment Management increased its Netflix stake by 1,742.9% in Q4, buying 12,200 shares to hold 12,900 shares worth $1.21M, while several large funds (Vanguard, Baillie Gifford, Jennison, Sumitomo Mitsui, Nordea) also ramped up positions, leaving 80.93% of Netflix owned by institutions.
• Company insiders sold significant stock: CFO Spencer Neumann sold 28,630 shares (~$2.8M) and director Reed Hastings sold 407,550 shares (~$38.0M) under a Rule 10b5-1 plan, with insiders offloading ~1.4M shares valued at $132.7M in the last quarter (insiders now own 1.37%).
• Netflix beat quarterly expectations with $1.23 EPS vs. $0.76 expected and revenue of $12.25B (+16.2% YoY), provided Q2 EPS guidance of $0.78, and carries a MarketBeat consensus of "Moderate Buy" with an average price target of $114.82.

Intact Investment Management Inc. grew its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1,742.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 12,900 shares of the Internet television network's stock after purchasing an additional 12,200 shares during the quarter. Intact Investment Management Inc.'s holdings in Netflix were worth $1,210,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of NFLX. Vanguard Group Inc. increased its position 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 valued at $36,567,805,000 after purchasing an additional 351,493,659 shares during the period. Baillie Gifford & Co. boosted its stake 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 acquiring an additional 33,290,988 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Netflix by 639.9% during the 4th quarter. Jennison Associates LLC now owns 34,871,951 shares of the Internet television network's stock worth $3,269,594,000 after acquiring an additional 30,158,900 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Netflix by 891.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,099,908 shares of the Internet television network's stock worth $1,134,487,000 after acquiring an additional 10,879,276 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Netflix by 886.6% during the 4th quarter. Nordea Investment Management AB now owns 9,667,997 shares of the Internet television network's stock worth $902,798,000 after acquiring an additional 8,688,113 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Spencer Adam Neumann sold 28,630 shares of Netflix stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $98.00, for a total transaction of $2,805,740.00. Following the completion of the sale, the chief financial officer owned 73,787 shares of the company's stock, valued at approximately $7,231,126. This trade represents a 27.95% 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, Director Reed Hastings sold 407,550 shares of Netflix stock in a transaction on Friday, May 1st. The shares were sold at an average price of $93.13, for a total value of $37,955,131.50. Following the sale, the director directly owned 3,940 shares of the company's stock, valued at approximately $366,932.20. The trade was a 99.04% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 1,398,593 shares of company stock valued at $132,740,606. 1.37% of the stock is currently owned by company insiders.

Netflix Price Performance

NFLX opened at $91.05 on Tuesday. The stock has a market cap of $383.38 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 1.18 and a beta of 1.55. Netflix, Inc. has a 1 year low of $75.01 and a 1 year high of $134.12. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43. The stock has a fifty day moving average price of $94.81 and a 200 day moving average price of $96.77.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.47. The firm had revenue of $12.25 billion during the quarter, compared to analysts' expectations of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The business's revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter last year, the firm earned $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Analysts forecast that Netflix, Inc. will post 3.56 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Seaport Research Partners raised their price objective on Netflix from $115.00 to $119.00 and gave the stock a "buy" rating in a research note on Friday, April 17th. Robert W. Baird reduced their price objective on Netflix from $150.00 to $120.00 and set an "outperform" rating for the company in a research note on Friday, January 23rd. Bank of America reduced their price objective on Netflix from $149.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, March 6th. Argus reduced their price objective on Netflix from $141.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, January 22nd. Finally, President Capital raised their price objective on Netflix from $133.00 to $134.00 and gave the stock a "buy" rating in a research note on Tuesday, March 31st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and fifteen have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $114.82.

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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