PKO Investment Management Joint Stock Co Has $13.46 Million Position in Netflix, Inc. $NFLX

Key Points

• PKO Investment Management cut its Netflix stake by 26.3% in the first quarter, selling 50,000 shares and leaving it with 140,000 shares worth about $13.46 million.
• Netflix has recently drawn mixed news flow: it expanded its video podcast partnership with iHeartMedia and bought a “Hot Ones” spinoff, but sentiment has also been pressured by concerns it missed out on major acquisition opportunities and by the stock’s continued decline.
• The stock is trading near its 52-week low after falling 5.8%, even though the latest earnings beat estimates with $1.23 EPS and $12.25 billion in revenue; analysts still rate the shares Moderate Buy on average with a consensus target of $114.26.

PKO Investment Management Joint Stock Co lessened its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 26.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 140,000 shares of the Internet television network's stock after selling 50,000 shares during the period. Netflix accounts for 1.1% of PKO Investment Management Joint Stock Co's holdings, making the stock its 22nd biggest position. PKO Investment Management Joint Stock Co's holdings in Netflix were worth $13,461,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Netflix by 912.5% in the 4th 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. State Street Corp lifted its position in Netflix by 927.6% during the fourth quarter. State Street Corp now owns 176,780,995 shares of the Internet television network's stock worth $16,574,986,000 after acquiring an additional 159,578,053 shares during the last quarter. Geode Capital Management LLC boosted its holdings 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 worth $9,305,336,000 after acquiring an additional 89,558,684 shares during the period. Capital World Investors boosted its holdings in shares of Netflix by 859.1% during the fourth quarter. Capital World Investors now owns 89,341,444 shares of the Internet television network's stock worth $8,376,656,000 after acquiring an additional 80,025,890 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Netflix by 685.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 86,058,878 shares of the Internet television network's stock valued at $8,068,882,000 after purchasing an additional 75,107,069 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix expanded its video podcast partnership with iHeartMedia, adding more iHeartPodcasts as video shows on the platform and strengthening its content offering. Netflix Expands Video Podcast Partnership with iHeartMedia
• Positive Sentiment: Netflix bought a “Hot Ones” spinoff, a content deal that reinforces its rivalry with YouTube and supports its push into popular creator-driven programming. Netflix Buys a ‘Hot Ones’ Spinoff
• Neutral Sentiment: Some commentary argues Netflix may look undervalued after the recent selloff, with analysts still seeing upside if the business continues to execute. Is Netflix Inc (NFLX) a Bargain After 5.8% Drop? GF Value Says Undervalued
• Negative Sentiment: Investor sentiment was hurt by reports that Netflix was outbid or passed over on major acquisition targets, fueling concern that the company is missing strategic growth opportunities. After Missing Out on Roku, Netflix Claims It Won't Buy Lionsgate. Here's Why the Market Hates That Answer.
• Negative Sentiment: Analysts and market commentators warned against “catching the falling knife,” reflecting concern that NFLX could remain under pressure after breaking to new lows. Netflix Stock Slump Continues: Citizens JMP Warns Against Catching the Falling Knife

Insider Activity at Netflix

In related news, Director Bradford L. Smith sold 35,990 shares of the firm's stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $77.52, for a total value of $2,789,944.80. Following the transaction, the director owned 79,690 shares in the company, valued at approximately $6,177,568.80. This trade represents a 31.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David A. Hyman sold 5,722 shares of the business's stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $88.08, for a total value of $503,993.76. Following the completion of the transaction, the insider directly owned 316,100 shares of the company's stock, valued at approximately $27,842,088. This trade represents a 1.78% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 1,349,019 shares of company stock worth $123,105,721 in the last quarter. 1.24% of the stock is currently owned by corporate insiders.

Netflix Trading Down 5.8%

Shares of NFLX stock opened at $72.88 on Tuesday. 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 stock has a market cap of $306.88 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 0.98 and a beta of 1.50. The stock has a 50 day simple moving average of $88.30 and a 200 day simple moving average of $89.75. Netflix, Inc. has a 1 year low of $71.81 and a 1 year high of $134.12.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NFLX. Erste Group Bank lowered Netflix from a "buy" rating to a "hold" rating in a research note on Monday, April 27th. Cfra upgraded Netflix from a "hold" rating to a "buy" rating and set a $115.00 price target for the company in a research note on Friday, March 6th. Jefferies Financial Group decreased their price objective on Netflix from $128.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, June 10th. KeyCorp reiterated an "overweight" rating and set a $115.00 price objective (up from $108.00) on shares of Netflix in a research report on Tuesday, April 14th. Finally, Seaport Research Partners lifted their target price on Netflix from $115.00 to $119.00 and gave the stock a "buy" rating in a report on Friday, April 17th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $114.26.

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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