Investment Management Corp of Ontario Purchases 390,254 Shares of Netflix, Inc. $NFLX

Investment Management Corp of Ontario lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1,045.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 427,582 shares of the Internet television network’s stock after acquiring an additional 390,254 shares during the period. Netflix makes up approximately 0.5% of Investment Management Corp of Ontario’s portfolio, making the stock its 28th biggest position. Investment Management Corp of Ontario’s holdings in Netflix were worth $40,090,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Iron Gate Global Advisors LLC lifted its stake in shares of Netflix by 860.3% in the 4th quarter. Iron Gate Global Advisors LLC now owns 206,192 shares of the Internet television network’s stock valued at $19,333,000 after purchasing an additional 184,720 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Netflix by 923.7% in the 4th quarter. Janus Henderson Group PLC now owns 13,270,083 shares of the Internet television network’s stock valued at $1,244,194,000 after purchasing an additional 11,973,854 shares during the period. Jericho Capital Asset Management L.P. lifted its stake in shares of Netflix by 1,712.6% in the 4th quarter. Jericho Capital Asset Management L.P. now owns 4,332,000 shares of the Internet television network’s stock valued at $406,168,000 after purchasing an additional 4,093,000 shares during the period. Gotham Asset Management LLC lifted its stake in shares of Netflix by 994.4% in the 4th quarter. Gotham Asset Management LLC now owns 357,369 shares of the Internet television network’s stock valued at $33,507,000 after purchasing an additional 324,714 shares during the period. Finally, Grace & Mercy Foundation Inc. lifted its stake in shares of Netflix by 811.6% in the 4th quarter. Grace & Mercy Foundation Inc. now owns 453,690 shares of the Internet television network’s stock valued at $42,538,000 after purchasing an additional 403,921 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NFLX. Citic Securities boosted their price objective on Netflix from $95.00 to $107.00 and gave the company a “hold” rating in a research note on Monday, April 27th. Citizens Jmp reissued a “market perform” rating on shares of Netflix in a research note on Wednesday, April 15th. Bank of America reissued a “buy” rating and issued a $125.00 price objective on shares of Netflix in a research note on Monday, May 18th. Wells Fargo & Company began coverage on Netflix in a research note on Monday, March 9th. They issued an “equal weight” rating and a $105.00 price objective on the stock. Finally, Barclays set a $110.00 price objective on Netflix and gave the company an “equal weight” rating in a research note on Friday, April 17th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $114.26.

Netflix Stock Performance

Shares of NFLX opened at $76.96 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a 50 day moving average price of $89.75 and a two-hundred day moving average price of $90.44. The firm has a market capitalization of $324.06 billion, a P/E ratio of 24.86, a P/E/G ratio of 1.00 and a beta of 1.50. Netflix, Inc. has a 52 week low of $75.01 and a 52 week high of $134.12.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.47. The firm had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The company’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the previous year, the company posted $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Equities analysts forecast that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Some market watchers say Netflix’s sharp selloff may be nearing a bottom, with technical commentary suggesting the stock could be stabilizing after a steep two-month decline.
• Neutral Sentiment: MoffettNathanson cut its price target on Netflix from $120 to $115 but kept a buy rating, signaling continued long-term confidence despite near-term pressure.
• Negative Sentiment: Netflix’s refusal to pursue Lionsgate, combined with the Fox-Roku deal, has fueled concerns that it is losing ground in the sector’s consolidation race and may face more competition around distribution and ad-supported growth.
• Negative Sentiment: Netflix also canceled The Boroughs after one season, a reminder that some content investments are still being pruned as the company remains selective on spending.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 9,253 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $88.95, for a total transaction of $823,054.35. Following the completion of the sale, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at approximately $6,563,353.65. The trade was a 11.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 27,312 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $88.69, for a total value of $2,422,301.28. Following the sale, the chief executive officer directly owned 120,931 shares of the company’s stock, valued at $10,725,370.39. This represents a 18.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,313,029 shares of company stock worth $120,315,776. Company insiders own 1.24% of the company’s stock.

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.