Voya Investment Management LLC Has $676.41 Million Position in Netflix, Inc. $NFLX

Key Points

• Voya Investment Management LLC increased its stake in Netflix by 10.4%, owning 725,950 shares valued at approximately $676.41 million, making it the firm's 17th largest holding.
• Research analysts have raised their price targets for Netflix, with BMO Capital Markets setting a new target of $1,425.00, reflecting a positive outlook for the stock.
• Insider selling included significant transactions by CEO Gregory K. Peters and David A. Hyman, with total shares sold in the last 90 days amounting to 89,348 shares worth approximately $109.5 million.

Voya Investment Management LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 10.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 725,950 shares of the Internet television network's stock after buying an additional 68,596 shares during the period. Netflix comprises about 0.7% of Voya Investment Management LLC's investment portfolio, making the stock its 17th largest holding. Voya Investment Management LLC owned 0.17% of Netflix worth $676,408,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC boosted its position in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd acquired a new position in Netflix during the fourth quarter valued at approximately $27,000. Copia Wealth Management acquired a new position in Netflix during the fourth quarter valued at approximately $37,000. Flaharty Asset Management LLC acquired a new position in Netflix during the first quarter valued at approximately $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its position in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after purchasing an additional 45 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. BMO Capital Markets reissued an "outperform" rating and set a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Sanford C. Bernstein increased their price target on Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Wells Fargo & Company increased their price target on Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Jefferies Financial Group reissued a "buy" rating on shares of Netflix in a research report on Tuesday, August 12th. Finally, Pivotal Research reissued a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,317.58.

Netflix Stock Performance

NFLX opened at $1,203.50 on Friday. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The stock has a market cap of $511.40 billion, a price-to-earnings ratio of 51.28, a PEG ratio of 2.10 and a beta of 1.60. The business has a 50 day moving average of $1,220.29 and a 200-day moving average of $1,130.00. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $4.88 earnings per share. 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 year.

Insider Buying and Selling at Netflix

In related news, insider David A. Hyman sold 424 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the sale, the insider directly owned 31,610 shares of the company's stock, valued at approximately $36,625,558.70. This trade represents a 1.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares of the company's stock, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,348 shares of company stock worth $109,498,489 in the last 90 days. Company insiders own 1.37% of the company's stock.

Netflix Profile

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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