Strs Ohio Takes $142.68 Million Position in Netflix, Inc. $NFLX

Key Points

• Strs Ohio has acquired a new stake in Netflix, Inc., investing approximately $142.68 million for 153,007 shares, making it the company's 21st largest holding.
• Recent insider trading includes CEO Gregory K. Peters selling 2,026 shares, and Director Reed Hastings selling 25,959 shares, resulting in significant decreases in both their positions.
• Analysts have varied opinions on Netflix's stock, with price targets ranging from $1,014 to $1,515, and a current consensus rating of "Moderate Buy" with an average target price of $1,317.58.

Strs Ohio bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 153,007 shares of the Internet television network's stock, valued at approximately $142,684,000. Netflix accounts for about 0.6% of Strs Ohio's portfolio, making the stock its 21st largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Fullcircle Wealth LLC grew its position in shares of Netflix by 2.5% during the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock valued at $344,000 after acquiring an additional 9 shares during the period. Capital Analysts LLC boosted its holdings in Netflix by 0.3% in the 1st quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network's stock worth $2,443,000 after buying an additional 9 shares during the period. Enterprise Financial Services Corp boosted its holdings in Netflix by 1.8% in the 1st quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network's stock worth $471,000 after buying an additional 9 shares during the period. Continuum Wealth Advisors LLC boosted its holdings in Netflix by 4.4% in the 1st quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock worth $219,000 after buying an additional 10 shares during the period. Finally, Financial Enhancement Group LLC boosted its holdings in Netflix by 2.5% in the 1st quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network's stock worth $384,000 after buying an additional 10 shares during the period. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the transaction, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. This trade represents a 13.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the transaction, the director owned 394 shares in the company, valued at $475,837.74. The trade was a 98.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock worth $109,498,489 in the last 90 days. 1.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently commented on NFLX shares. Rosenblatt Securities raised their price objective on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Wall Street Zen downgraded shares of Netflix from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. The Goldman Sachs Group raised their price objective on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. UBS Group reiterated a "market underperform" rating on shares of Netflix in a research note on Saturday, July 19th. Finally, Phillip Securities cut shares of Netflix from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,317.58.

Netflix Stock Performance

Netflix stock opened at $1,247.71 on Thursday. The firm's fifty day moving average price is $1,222.12 and its 200-day moving average price is $1,128.51. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market cap of $530.19 billion, a P/E ratio of 53.16, a price-to-earnings-growth ratio of 2.13 and a beta of 1.60. Netflix, Inc. has a fifty-two week low of $660.80 and a fifty-two week high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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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