Netflix, Inc. $NFLX Shares Bought by Mutual of America Capital Management LLC

Key Points

• Mutual of America Capital Management increased its Netflix stake by 887.8% in the fourth quarter, ending with 454,912 shares valued at about $42.7 million.
• Netflix continues to attract major institutional interest, with firms like Vanguard and Geode Capital Management also sharply boosting their positions; institutional investors now own 80.93% of the stock.
• Recent insider activity has leaned toward selling, including director Reed Hastings offloading 407,550 shares, while analysts still view the stock as a Moderate Buy with a consensus target price of $114.82.

Mutual of America Capital Management LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 887.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 454,912 shares of the Internet television network's stock after acquiring an additional 408,859 shares during the quarter. Netflix comprises about 0.4% of Mutual of America Capital Management LLC's investment portfolio, making the stock its 21st largest holding. Mutual of America Capital Management LLC's holdings in Netflix were worth $42,653,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Netflix by 912.5% during 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 in the last quarter. Geode Capital Management LLC raised its stake in shares of 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. Norges Bank bought a new stake in shares of Netflix during the fourth quarter valued at about $5,803,248,000. Baillie Gifford & Co. raised its stake in shares of Netflix by 912.3% during 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 in the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Netflix by 639.9% during 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 in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 5,722 shares of the business's stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $88.08, for a total value 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. 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 this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Reed Hastings sold 407,550 shares of the business's stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $93.13, for a total value of $37,955,131.50. Following the completion of the sale, the director owned 3,940 shares of the company's stock, valued at approximately $366,932.20. This trade represents a 99.04% 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. In the last quarter, insiders sold 926,329 shares of company stock worth $87,071,177. 1.24% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NFLX. Citizens Jmp reaffirmed a "market perform" rating on shares of Netflix in a report on Wednesday, April 15th. Raymond James Financial reaffirmed a "market perform" rating on shares of Netflix in a report on Thursday, May 14th. HSBC lifted their target price on Netflix from $106.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, April 10th. President Capital lifted their target price on Netflix from $133.00 to $134.00 and gave the stock a "buy" rating in a report on Tuesday, March 31st. Finally, Daiwa Securities Group lifted their target price on Netflix from $97.00 to $102.00 and gave the stock an "outperform" rating in a report on Thursday, April 23rd. Two research 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's stock. According to MarketBeat, Netflix currently has an average rating of "Moderate Buy" and a consensus target price of $114.82.

Netflix Stock Down 0.2%

Shares of Netflix stock opened at $85.85 on Tuesday. The firm has a market cap of $361.50 billion, a price-to-earnings ratio of 27.73, a P/E/G ratio of 1.09 and a beta of 1.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41. Netflix, Inc. has a 52-week low of $75.01 and a 52-week high of $134.12. The stock has a 50-day simple moving average of $93.00 and a 200-day simple moving average of $93.09.

Netflix (NASDAQ:NFLX - Get Free Report) last announced 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. The business had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The firm's revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the company earned $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, equities research analysts expect that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

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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