Oregon Public Employees Retirement Fund Raises Stake in Netflix, Inc. $NFLX

Key Points

• Oregon Public Employees Retirement Fund boosted its Netflix stake by 899.9% in the fourth quarter, buying 436,788 additional shares to bring its total holdings to 485,326 shares worth about $45.5 million.
• Netflix reported strong quarterly results, with earnings per share of $1.23 beating estimates and revenue of $12.25 billion topping expectations; revenue rose 16.2% year over year and margins remained solid.
• Wall Street sentiment remains broadly positive, with several analysts issuing buy ratings and a consensus Moderate Buy rating, though the stock also faces legal risk from a Texas lawsuit alleging improper data collection involving children.

Oregon Public Employees Retirement Fund increased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 899.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 485,326 shares of the Internet television network's stock after buying an additional 436,788 shares during the quarter. Netflix accounts for approximately 0.6% of Oregon Public Employees Retirement Fund's portfolio, making the stock its 21st largest holding. Oregon Public Employees Retirement Fund's holdings in Netflix were worth $45,504,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Apriem Advisors increased its stake in shares of Netflix by 0.6% in the third quarter. Apriem Advisors now owns 1,567 shares of the Internet television network's stock worth $1,879,000 after purchasing an additional 9 shares in the last quarter. Tortoise Investment Management LLC increased its stake in shares of Netflix by 10.8% in the third quarter. Tortoise Investment Management LLC now owns 92 shares of the Internet television network's stock worth $110,000 after purchasing an additional 9 shares in the last quarter. Brass Tax Wealth Management Inc. increased its stake in shares of Netflix by 3.2% in the third quarter. Brass Tax Wealth Management Inc. now owns 288 shares of the Internet television network's stock worth $345,000 after purchasing an additional 9 shares in the last quarter. Pacific Sun Financial Corp increased its stake in shares of Netflix by 1.6% in the third quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network's stock worth $688,000 after purchasing an additional 9 shares in the last quarter. Finally, Richardson Financial Services Inc. increased its stake in shares of Netflix by 2.9% in the third quarter. Richardson Financial Services Inc. now owns 358 shares of the Internet television network's stock worth $429,000 after purchasing an additional 10 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Up 2.6%

NFLX stock opened at $87.66 on Wednesday. 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 company's 50 day moving average is $95.38 and its 200 day moving average is $95.37. The stock has a market cap of $369.12 billion, a price-to-earnings ratio of 28.31, a price-to-earnings-growth ratio of 1.09 and a beta of 1.55. Netflix, Inc. has a 1-year low of $75.01 and a 1-year high of $134.12.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.47. The company had revenue of $12.25 billion for the quarter, compared to analysts' expectations of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. Netflix's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the prior year, the business earned $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Sell-side analysts predict that Netflix, Inc. will post 3.6 EPS for the current fiscal year.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix said its content investments have topped $135 billion over the past decade and generated an estimated $325 billion of economic impact worldwide, supporting more than 425,000 jobs. That reinforces the scale of its production engine and can bolster confidence in the long-term growth story. Reuters article
• Positive Sentiment: Investor sentiment also appears to be improving around Netflix’s pricing power and ad-supported business, with analysts and market commentary pointing to rising revenue, improving margins, and strong ad growth expectations. Benzinga article
• Positive Sentiment: Netflix is still drawing bullish Wall Street coverage, with recent analyst price targets clustering well above the current share price, suggesting many expect further upside if execution stays on track. Zacks article
• Neutral Sentiment: Netflix is also being highlighted in media comparisons versus Disney and other peers, but these pieces are mostly commentary on the streaming landscape rather than new company-specific fundamentals. 247WallSt article
• Negative Sentiment: Texas Attorney General Ken Paxton has sued Netflix, alleging the company illegally collected data on children and used “dark patterns” to make the platform addictive. Even if Netflix disputes the claims, the lawsuit creates legal, regulatory, and reputational risk that could pressure the stock. Reuters lawsuit article

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NFLX shares. Wedbush reiterated an "outperform" rating and issued a $118.00 target price on shares of Netflix in a research note on Thursday, April 16th. The Goldman Sachs Group upgraded shares of Netflix from a "neutral" rating to a "buy" rating in a research note on Monday, April 13th. HSBC lifted their target price on shares of Netflix from $106.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, April 10th. William Blair reiterated an "outperform" rating on shares of Netflix in a research note on Wednesday, January 21st. Finally, Benchmark reiterated a "hold" rating on shares of Netflix in a research note on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.82.

Insider Buying and Selling

In related news, CFO Spencer Adam Neumann sold 57,260 shares of the company's stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $95.50, for a total value of $5,468,330.00. Following the transaction, the chief financial officer directly owned 73,787 shares in the company, valued at approximately $7,046,658.50. This represents a 43.69% 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, CEO Theodore A. Sarandos sold 27,312 shares of the company's stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $87.97, for a total transaction of $2,402,636.64. Following the completion of the transaction, the chief executive officer owned 284,804 shares in the company, valued at approximately $25,054,207.88. This trade represents a 8.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 1,422,769 shares of company stock valued at $135,144,073 in the last 90 days. 1.37% of the stock is owned by company insiders.

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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