Nippon Life Global Investors Americas Inc. Has $48.90 Million Stock Position in Netflix, Inc. $NFLX

Key Points

• Nippon Life Global Investors Americas Inc. increased its stake in Netflix by 17.3%, holding 52,440 shares valued at approximately $48.90 million, making it the 15th largest holding in their portfolio.
• Insider selling includes significant transactions by Director Reed Hastings, who sold 25,959 shares for over $31 million, and CFO Spencer Adam Neumann, who sold 2,600 shares for approximately $3.14 million.
• Netflix reported EPS of $7.19, surpassing analyst expectations, with a revenue of $11.08 billion for the quarter, marking a 15.9% year-over-year increase.

Nippon Life Global Investors Americas Inc. increased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 17.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,440 shares of the Internet television network's stock after acquiring an additional 7,740 shares during the period. Netflix comprises 2.4% of Nippon Life Global Investors Americas Inc.'s investment portfolio, making the stock its 15th biggest holding. Nippon Life Global Investors Americas Inc.'s holdings in Netflix were worth $48,902,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC increased its stake in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares during the last quarter. Brown Shipley& Co Ltd bought a new position in Netflix in the 4th quarter worth approximately $27,000. Copia Wealth Management bought a new position in Netflix in the 4th quarter worth approximately $37,000. Stuart Chaussee & Associates Inc. boosted its holdings in 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 period. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in Netflix in the 1st quarter worth approximately $42,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insiders Place Their Bets

In related news, Director Reed Hastings sold 25,959 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the transaction, the director owned 394 shares in the company, valued at $475,837.74. The trade was a 98.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,600 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the transaction, the chief financial officer owned 3,691 shares in the company, valued at $4,457,842.16. This represents a 41.33% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,348 shares of company stock worth $109,498,489. 1.37% of the stock is currently owned by insiders.

Netflix Price Performance

Shares of Netflix stock opened at $1,257.48 on Friday. The firm has a market cap of $534.34 billion, a PE ratio of 53.58, a price-to-earnings-growth ratio of 2.06 and a beta of 1.60. Netflix, Inc. has a 12-month low of $660.80 and a 12-month high of $1,341.15. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The company's fifty day simple moving average is $1,226.94 and its two-hundred day simple moving average is $1,122.36.

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 (EPS) for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company's revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

NFLX has been the subject of several analyst reports. Rosenblatt Securities raised their price target on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a report on Friday, July 18th. Phillip Securities cut shares of Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. Wedbush restated an "outperform" rating and set a $1,500.00 price objective (up previously from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Sanford C. Bernstein raised their price objective on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Finally, Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the stock an "outperform" rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, Netflix currently has an average rating of "Moderate Buy" and an average price target of $1,317.58.

About Netflix

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.

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