Varma Mutual Pension Insurance Co Buys 570,575 Shares of Netflix, Inc. $NFLX

Key Points

• Varma Mutual Pension Insurance boosted its Netflix stake by 925.1%, buying 570,575 shares to hold 632,250 shares valued at about $59.28 million.
• Insiders have been heavy sellers recently — Reed Hastings sold 420,550 shares and CFO Spencer Neumann sold 57,260, with insiders offloading 991,043 shares (~$94.8 million) in the last 90 days, leaving insiders with 1.37% ownership.
• Netflix beat expectations with EPS $1.23 vs. $0.76 and revenue of $12.25 billion (up 16.2%), provided Q2 EPS guidance of 0.78, and carries a consensus analyst rating of "Moderate Buy" with a $114.82 target.

Varma Mutual Pension Insurance Co increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 925.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 632,250 shares of the Internet television network's stock after buying an additional 570,575 shares during the period. Varma Mutual Pension Insurance Co's holdings in Netflix were worth $59,280,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Imprint Wealth LLC bought a new stake in Netflix in the 3rd quarter valued at about $25,000. Bare Financial Services Inc boosted its holdings in Netflix by 93.3% in the 3rd quarter. Bare Financial Services Inc now owns 29 shares of the Internet television network's stock valued at $35,000 after purchasing an additional 14 shares during the period. Horizon Financial Services LLC boosted its holdings in Netflix by 480.0% in the 3rd quarter. Horizon Financial Services LLC now owns 29 shares of the Internet television network's stock valued at $35,000 after purchasing an additional 24 shares during the period. Redmont Wealth Advisors LLC bought a new stake in Netflix in the 3rd quarter valued at about $36,000. Finally, Marquette Asset Management LLC bought a new stake in Netflix in the 3rd quarter valued at about $44,000. Institutional investors own 80.93% of the company's stock.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $92.06 on Monday. The company has a fifty day moving average of $94.81 and a 200-day moving average of $96.77. The company has a market capitalization of $387.65 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 1.18 and a beta of 1.55. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41. Netflix, Inc. has a 52-week low of $75.01 and a 52-week high of $134.12.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.47. The company had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The company'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. On average, equities analysts predict that Netflix, Inc. will post 3.56 EPS for the current fiscal year.

Insider Transactions at Netflix

In other Netflix 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 completion of 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Reed Hastings sold 420,550 shares of the company's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $95.49, for a total transaction of $40,158,319.50. Following the completion of the transaction, the director owned 3,940 shares of the company's stock, valued at approximately $376,230.60. This trade represents a 99.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 991,043 shares of company stock worth $94,785,475. 1.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of recent research reports. Cfra raised shares of Netflix from a "hold" rating to a "buy" rating and set a $115.00 price objective for the company in a report on Friday, March 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Netflix from $98.00 to $100.00 and gave the company a "hold" rating in a report on Tuesday, April 14th. TD Cowen dropped their target price on shares of Netflix from $115.00 to $112.00 and set a "buy" rating for the company in a research report on Wednesday, January 21st. Seaport Research Partners boosted their target price on shares of Netflix from $115.00 to $119.00 and gave the company a "buy" rating in a research report on Friday, April 17th. Finally, KeyCorp restated an "overweight" rating and issued a $115.00 target price (up from $108.00) on shares of Netflix in a research report on Tuesday, April 14th. 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's stock. Based on data from MarketBeat, Netflix currently has an average rating of "Moderate Buy" and a consensus target price of $114.82.

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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