VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Position in Netflix, Inc. $NFLX

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Netflix, Inc. (NASDAQ:NFLX) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 528,610 shares of the Internet television network’s stock, valued at approximately $37,743,000.

A number of other institutional investors have also recently made changes to their positions in NFLX. Imprint Wealth LLC bought a new position in Netflix in the 3rd quarter valued at approximately $25,000. Wealth Watch Advisors INC bought a new stake in shares of Netflix in the 3rd quarter worth $103,000. Strategic Wealth Investment Group LLC bought a new stake in shares of Netflix in the 2nd quarter worth $121,000. Wiser Advisor Group LLC purchased a new position in shares of Netflix in the third quarter worth $114,000. Finally, Beaird Harris Wealth Management LLC raised its stake in shares of Netflix by 9.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network’s stock worth $137,000 after purchasing an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 27,312 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $73.54, for a total value of $2,008,524.48. Following the completion of the sale, the chief executive officer directly owned 120,931 shares in the company, valued at $8,893,265.74. This represents a 18.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Spencer Neumann sold 9,248 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $75.79, for a total value of $700,905.92. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares in the company, valued at approximately $5,592,316.73. This represents a 11.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 213,595 shares of company stock worth $15,812,072. Insiders own 1.24% of the company’s stock.

Netflix Stock Performance

Shares of NFLX opened at $78.25 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. Netflix, Inc. has a one year low of $65.08 and a one year high of $126.71. The firm has a market capitalization of $325.83 billion, a P/E ratio of 24.63, a PEG ratio of 1.10 and a beta of 1.53. The business has a fifty day moving average of $75.61 and a 200 day moving average of $84.46.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. The company had revenue of $12.56 billion for the quarter, compared to the consensus estimate of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.Netflix’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 earnings per share. As a group, sell-side analysts anticipate that Netflix, Inc. will post 3.59 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NFLX. China Intl Cap raised Netflix to a “strong-buy” rating in a report on Tuesday, July 21st. Wells Fargo & Company set a $80.00 target price on Netflix and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Rosenblatt Securities set a $75.00 target price on shares of Netflix and gave the company a “neutral” rating in a research note on Friday, July 17th. Wolfe Research reaffirmed an “outperform” rating and set a $95.00 price target (up from $84.00) on shares of Netflix in a report on Tuesday, August 25th. Finally, Itau BBA Securities dropped their price target on shares of Netflix from $151.40 to $96.00 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $96.65.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Bill Ackman’s Pershing Square reportedly sold its Alphabet position and purchased approximately 13.1 million Netflix shares in the second quarter, signaling confidence in Netflix’s long-term growth and cash-generation potential. Bill Ackman Dumps Alphabet for Netflix
• Positive Sentiment: Analyst and market commentary points to a possible recovery driven by upcoming content releases, a reported Wolfe Research price target of $95, and a median target of $115 from analysts tracked by Quiver Quantitative. Netflix Recovery and Partnerships
• Positive Sentiment: Netflix’s latest U.K. price increases, including a rise in the ad-supported plan from £5.99 to £7.99 per month, could lift average revenue per member. Historical price increases have reportedly been followed by continued annual revenue growth. Netflix U.K. Price Increase
• Neutral Sentiment: Shares have declined roughly 38% to 40% over the past year, making the valuation more appealing to some investors, but debate remains whether the lower price reflects a buying opportunity or slowing growth. Netflix Stock Price Outlook
• Neutral Sentiment: Netflix’s lack of a dividend makes it less attractive to income investors, although bullish analysts argue that reinvesting cash into content and growth offers better long-term potential. Why Own Netflix Without a Dividend
• Negative Sentiment: The main near-term catalyst weighing on NFLX is the reported Q2 revenue miss and weak Q3 outlook, which raised concerns about slowing subscriber and advertising momentum. Netflix Stock Drops
• Negative Sentiment: Quiver Quantitative reports that Netflix insiders made 24 open-market sales and no purchases during the past six months, a potential confidence signal investors may monitor. Netflix Insider Trading Activity

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.