OMERS ADMINISTRATION Corp Purchases Shares of 319,669 Netflix, Inc. $NFLX

Key Points

• OMERS Administration Corp. acquired 319,669 Netflix shares in the second quarter, valued at approximately $22.8 million. Institutional investors collectively own 80.93% of Netflix’s stock.
• Netflix recently reported revenue growth of 13.4% year over year and narrowly exceeded quarterly EPS estimates, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $103.48.
• Netflix shares opened at $79.59, well below their 12-month high of $126.71. Meanwhile, company insiders have sold 600,295 shares worth about $49.1 million over the past 90 days, including sales by the CEO and CFO.

OMERS ADMINISTRATION Corp acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 319,669 shares of the Internet television network's stock, valued at approximately $22,824,000.

A number of other hedge funds and other institutional investors have also modified their holdings of NFLX. Vanguard Group Inc. increased its holdings in shares of 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 purchasing an additional 351,493,659 shares during the last quarter. Shepherd Street Advisors LLC bought a new position in shares of Netflix during the fourth quarter worth approximately $2,216,000. Morse Asset Management Inc lifted its holdings in Netflix by 809.3% during the 4th quarter. Morse Asset Management Inc now owns 64,730 shares of the Internet television network's stock worth $6,069,000 after purchasing an additional 57,611 shares during the last quarter. University of Texas Texas AM Investment Management Co. lifted its holdings in Netflix by 798.5% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 42,542 shares of the Internet television network's stock worth $3,989,000 after purchasing an additional 37,807 shares during the last quarter. Finally, New Mexico Educational Retirement Board boosted its stake in Netflix by 900.0% in the 4th quarter. New Mexico Educational Retirement Board now owns 192,210 shares of the Internet television network's stock valued at $18,022,000 after purchasing an additional 172,989 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix continues to grow faster than many streaming rivals, and its lower valuation after the selloff could provide significant upside if revenue, advertising and engagement trends remain strong. A valuation model described the current setup as potentially asymmetric in investors’ favor. Netflix Is Down 40% From Its All-Time High Could Netflix Stock Double From Here?
• Positive Sentiment: JPMorgan analyst Doug Anmuth maintained an Overweight rating and an $85 price target, citing Netflix’s content pipeline and multiple initiatives to support engagement and revenue growth. The view suggests potential upside from current levels, although the analyst sees no single catalyst guaranteeing acceleration. Netflix Has No Single Silver Bullet
• Positive Sentiment: Netflix’s advertising-supported tier and broad content offering could make the company relatively resilient during a recession, as consumers may retain lower-cost entertainment subscriptions even amid economic pressure. Which Streaming Stock Would Hold Up Better in a Recession?
• Neutral Sentiment: Representatives for Meghan of Sussex reportedly held exploratory discussions about a possible role in a third season of The Gentlemen. Netflix has not ordered the season, so the potential casting has no immediate financial impact. Meghan of Sussex Eyes Role in Netflix Show The Gentlemen
• Negative Sentiment: With Netflix no longer emphasizing subscriber numbers, investors must rely more heavily on revenue growth, advertising performance, engagement and profitability metrics. That makes it harder to assess momentum and contributes to debate over whether the stock’s decline reflects a bargain or slowing growth. Netflix Is Down 40% From Its All-Time High
• Negative Sentiment: YouTube is reportedly offering creators substantial payments and warning that simultaneous Netflix deals could jeopardize marketing support and brand-campaign revenue. This could intensify competition for exclusive content and creator attention. YouTube Offers Creators Millions to Avoid Netflix Deals

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 27,312 shares of the business's stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the sale, the chief executive officer owned 120,931 shares in the company, valued at $8,893,265.74. The trade was a 18.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 9,248 shares of the business's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $75.79, for a total value of $700,905.92. Following the sale, the chief financial officer owned 73,787 shares in the company, valued at $5,592,316.73. This represents a 11.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 600,295 shares of company stock valued at $49,056,671. 1.24% of the stock is owned by company insiders.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $79.59 on Monday. The company has a market cap of $331.41 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 1.00 and a beta of 1.52. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. Netflix, Inc. has a 12 month low of $65.08 and a 12 month high of $126.71. The stock has a 50-day moving average price of $74.39 and a two-hundred day moving average price of $84.35.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. The company had revenue of $12.56 billion for the quarter, compared to analyst estimates of $12.58 billion. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The firm's revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 EPS. As a group, analysts forecast that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on NFLX shares. Wells Fargo & Company set a $80.00 price objective on Netflix and gave the company an "equal weight" rating in a report on Friday, July 17th. Jefferies Financial Group reduced their target price on shares of Netflix from $128.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, June 10th. The Goldman Sachs Group downgraded shares of Netflix from an "underweight" rating to a "sell" rating in a research note on Monday, July 20th. JPMorgan Chase & Co. lowered their price target on shares of Netflix from $118.00 to $85.00 and set an "overweight" rating on the stock in a research report on Friday, July 17th. Finally, Oppenheimer set a $85.00 price objective on shares of Netflix and gave the stock an "outperform" rating in a research note on Friday, July 17th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $103.48.

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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