New Mexico Educational Retirement Board Raises Stock Holdings in Netflix, Inc. $NFLX

Key Points

• New Mexico Educational Retirement Board boosted its Netflix stake by 900% in the fourth quarter, owning 192,210 shares worth about $18.0 million.
• Netflix’s latest earnings beat expectations, with EPS of $1.23 versus $0.76 expected and revenue of $12.25 billion, up 16.2% year over year.
• Wall Street remains generally upbeat on NFLX, with a Moderate Buy consensus and an average price target of $114.82, even as insiders have recently sold shares.

New Mexico Educational Retirement Board raised its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 900.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 192,210 shares of the Internet television network's stock after buying an additional 172,989 shares during the quarter. Netflix makes up approximately 0.5% of New Mexico Educational Retirement Board's portfolio, making the stock its 20th biggest position. New Mexico Educational Retirement Board's holdings in Netflix were worth $18,022,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in 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 buying an additional 351,493,659 shares during the last quarter. Geode Capital Management LLC lifted its stake in 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 buying an additional 89,558,684 shares during the last quarter. Norges Bank purchased a new stake in shares of Netflix during the fourth quarter worth approximately $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 worth $3,463,498,000 after purchasing an additional 33,290,988 shares during 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 worth $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.

Netflix Stock Performance

Shares of NFLX stock opened at $86.02 on Monday. The business's fifty day moving average price is $93.12 and its 200 day moving average price is $93.14. Netflix, Inc. has a 1-year low of $75.01 and a 1-year high of $134.12. The firm has a market capitalization of $362.21 billion, a PE ratio of 27.78, 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 (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.47. The firm had revenue of $12.25 billion for 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%.Netflix's quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, sell-side analysts forecast that Netflix, Inc. will post 3.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NFLX. Sanford C. Bernstein restated a "buy" rating on shares of Netflix in a research note on Thursday, May 14th. Bank of America restated a "buy" rating and set a $125.00 price target on shares of Netflix in a research note on Monday, May 18th. Rosenblatt Securities cut their price target on Netflix from $96.00 to $95.00 and set a "neutral" rating for the company in a research note on Friday, April 17th. HSBC upped their price target on Netflix from $106.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, April 10th. Finally, Weiss Ratings upgraded Netflix from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and sixteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $114.82.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 27,312 shares of the company's stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $88.69, for a total value of $2,422,301.28. Following the sale, the chief executive officer owned 120,931 shares of the company's stock, valued at approximately $10,725,370.39. This represents a 18.42% 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 9,253 shares of the company's stock in a transaction 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 completion of the sale, the chief financial officer directly owned 73,787 shares in the company, valued at $6,563,353.65. This trade represents a 11.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 926,329 shares of company stock valued at $87,071,177 in the last three months. 1.24% of the stock is owned by insiders.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Multiple reports say Netflix’s ad business is gaining traction, with 2026 ad revenue projected near $3 billion as new formats, live events, and ad-tech tools expand monetization. Netflix's Ad Business Expansion Continues: More Upside Ahead?
• Positive Sentiment: Netflix reportedly acquired Ben Affleck’s AI startup InterPositive, which could automate parts of filmmaking and lower production costs, supporting margins over time. Netflix Buys Affleck AI Startup InterPositive To Reshape Content Economics
• Positive Sentiment: Several commentary pieces argue Netflix is a buying opportunity, citing upside from ad-tier growth and improving free cash flow, with some analysts reiterating bullish ratings and higher price targets. 3 Reasons to Buy Netflix Stock in June
• Neutral Sentiment: Other articles highlight Netflix as a laggard versus entertainment peers, suggesting the stock may need execution to catch up rather than already reflecting a clear fundamental breakout. How Is Netflix’s Stock Performance Compared to Other Entertainment Stocks?
• Neutral Sentiment: Coverage linking Netflix to streaming perks and broader media/advertising themes is supportive but not a direct company-specific catalyst. Best credit cards with streaming perks for June 2026: Save on Netflix, Hulu, and more

Netflix 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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