Securian Asset Management Inc. Acquires 94,698 Shares of Netflix, Inc. $NFLX

Key Points

• Securian Asset Management dramatically increased its Netflix stake, boosting holdings by 461.4% in the fourth quarter to 115,221 shares worth about $10.8 million.
• Wall Street sentiment remains generally positive, with Netflix holding a “Moderate Buy” consensus rating and a consensus price target of $114.82, though a few firms have recently trimmed targets or downgraded the stock.
• Netflix’s latest quarter beat expectations, posting $1.23 EPS versus the $0.76 estimate and revenue of $12.25 billion, but the stock was recently trading below both its 50-day and 200-day moving averages.

Securian Asset Management Inc. boosted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 461.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,221 shares of the Internet television network's stock after purchasing an additional 94,698 shares during the period. Securian Asset Management Inc.'s holdings in Netflix were worth $10,803,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Apriem Advisors grew its position in shares of Netflix by 0.6% in the 3rd quarter. Apriem Advisors now owns 1,567 shares of the Internet television network's stock valued at $1,879,000 after acquiring an additional 9 shares during the period. Tortoise Investment Management LLC grew its position in shares of Netflix by 10.8% in the 3rd quarter. Tortoise Investment Management LLC now owns 92 shares of the Internet television network's stock valued at $110,000 after acquiring an additional 9 shares during the period. Brass Tax Wealth Management Inc. grew its position in shares of Netflix by 3.2% in the 3rd quarter. Brass Tax Wealth Management Inc. now owns 288 shares of the Internet television network's stock valued at $345,000 after acquiring an additional 9 shares during the period. Pacific Sun Financial Corp grew its position in shares of Netflix by 1.6% in the 3rd quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network's stock valued at $688,000 after acquiring an additional 9 shares during the period. Finally, TFC Financial Management Inc. grew its position in shares of Netflix by 14.9% in the 3rd quarter. TFC Financial Management Inc. now owns 77 shares of the Internet television network's stock valued at $92,000 after acquiring an additional 10 shares during the period. Institutional investors own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NFLX. Freedom Capital raised shares of Netflix from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 27th. Morgan Stanley reissued an "overweight" rating on shares of Netflix in a research report on Friday, April 17th. Erste Group Bank downgraded shares of Netflix from a "buy" rating to a "hold" rating in a research report on Monday, April 27th. Phillip Securities lifted their price objective on shares of Netflix from $100.00 to $110.00 in a research report on Monday, April 20th. Finally, BMO Capital Markets decreased their price objective on shares of Netflix from $143.00 to $135.00 and set an "outperform" rating for the company in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $114.82.

Netflix Price Performance

Shares of Netflix stock opened at $87.45 on Monday. Netflix, Inc. has a twelve month low of $75.01 and a twelve month high of $134.12. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The company has a 50-day simple moving average of $95.44 and a two-hundred day simple moving average of $95.75. The stock has a market capitalization of $368.22 billion, a price-to-earnings ratio of 28.25, a price-to-earnings-growth ratio of 1.11 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last issued 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. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The business had revenue of $12.25 billion during the quarter, compared to analysts' expectations of $12.17 billion. During the same quarter in the previous year, the company earned $6.61 EPS. The business's revenue was up 16.2% on a year-over-year basis. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Analysts forecast that Netflix, Inc. will post 3.6 EPS for the current year.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Strong early reviews for Netflix’s new drama Remarkably Bright Creatures suggest a programming win that could help engagement and subscriber retention. Remarkably Bright Creatures Review
• Positive Sentiment: Recent analyst commentary remains constructive, with several firms maintaining or raising price targets and broader coverage still pointing to a “Moderate Buy” view. Netflix, Pulte, and Mobileye Are Buying Their Own Dips—Should You?
• Neutral Sentiment: Warner Bros. Discovery’s large quarterly loss included a $2.8 billion Netflix-related termination fee, but this is primarily an M&A accounting item for WBD rather than a direct operating signal for Netflix. WBD Logs $2.92B Loss
• Neutral Sentiment: Jim Cramer said Netflix is “not a buy, buy, buy,” reflecting caution around competition in streaming, but it was more of a valuation/positioning comment than a formal downgrade. Jim Cramer on Netflix
• Negative Sentiment: CEO Gregory K. Peters sold 27,312 shares and CFO Spencer Adam Neumann sold 9,253 shares on May 7, adding to recent insider selling and likely weighing on investor sentiment. Netflix Insider Selling
• Negative Sentiment: Technical and trading commentary points to continued weakness after the recent pullback, with the stock still below key moving averages and some investors questioning near-term upside. Is It Time To Reassess Netflix?

Insider Activity

In other news, CEO Theodore A. Sarandos sold 27,312 shares of the business's stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $87.97, for a total value of $2,402,636.64. Following the completion of the transaction, the chief executive officer directly owned 284,804 shares in the company, valued at approximately $25,054,207.88. The trade was a 8.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory K. Peters sold 27,312 shares of the business's stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $83.24, for a total transaction of $2,273,450.88. Following the completion of the transaction, the chief executive officer owned 122,140 shares of the company's stock, valued at $10,166,933.60. The trade was a 18.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,453,217 shares of company stock valued at $137,676,777 over the last quarter. 1.37% of the stock is owned by corporate insiders.

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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