Arizona State Retirement System Boosts Holdings in Netflix, Inc. $NFLX

Arizona State Retirement System grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,168,416 shares of the Internet television network’s stock after purchasing an additional 7,464 shares during the quarter. Arizona State Retirement System’s holdings in Netflix were worth $83,425,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NFLX. Brighton Jones LLC boosted its holdings in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after buying an additional 257 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after acquiring an additional 144 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Netflix by 21.2% during the second quarter. Sivia Capital Partners LLC now owns 1,406 shares of the Internet television network’s stock valued at $1,883,000 after acquiring an additional 246 shares during the last quarter. Strategic Investment Advisors MI lifted its position in shares of Netflix by 18.9% in the second quarter. Strategic Investment Advisors MI now owns 774 shares of the Internet television network’s stock valued at $1,036,000 after acquiring an additional 123 shares in the last quarter. Finally, Schnieders Capital Management LLC. lifted its position in shares of Netflix by 12.1% in the second quarter. Schnieders Capital Management LLC. now owns 2,115 shares of the Internet television network’s stock valued at $2,832,000 after acquiring an additional 228 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is reportedly preparing to disclose box-office results for six upcoming films, including Narnia: The Magician’s Nephew and Charlie and the Chocolate Factory. Greater theatrical transparency could support a broader movie-release strategy, potentially creating an additional revenue and marketing channel. Netflix box-office report
• Positive Sentiment: Several analyses describe Netflix as attractively valued after its substantial decline, with some analysts citing potential upside toward $95-$125. Bill Ackman’s Pershing Square also reportedly added Netflix while selling Alphabet, providing a vote of confidence from a prominent investor. Best growth stocks article Ackman Netflix investment article
• Neutral Sentiment: Commentary argues that separating Netflix’s streaming, studio, advertising, live-events and gaming operations would destroy important synergies, reducing speculation that a breakup would unlock value. Investor attention remains high, but the debate is not an immediate earnings catalyst. Netflix breakup analysis
• Negative Sentiment: South African regulators are investigating pricing for digital streaming services. The probe raises concerns about potential pricing restrictions, higher compliance costs or pressure on Netflix’s international monetization strategy. South Africa Netflix price probe
• Negative Sentiment: Recent reports point to a prior quarterly revenue shortfall and weak forward guidance, while risk appetite has softened across growth and media stocks. Reports that Netflix insiders have sold shares without recorded open-market purchases may also weigh on sentiment, although such transactions do not necessarily indicate a change in business fundamentals. Netflix earnings and stock decline article

Insiders Place Their Bets

In related news, CFO Spencer Neumann sold 9,248 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $75.79, for a total value of $700,905.92. Following the completion of the sale, the chief financial officer owned 73,787 shares of the company’s stock, valued at approximately $5,592,316.73. This represents a 11.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Theodore A. Sarandos sold 27,312 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $73.35, for a total transaction of $2,003,335.20. Following the completion of the sale, the chief executive officer directly owned 178,954 shares of the company’s stock, valued at $13,126,275.90. This represents a 13.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 213,595 shares of company stock worth $15,812,072. 1.24% of the stock is currently owned by company insiders.

Netflix Price Performance

Shares of NFLX stock traded down $1.48 during trading hours on Tuesday, reaching $76.77. The company had a trading volume of 33,797,133 shares, compared to its average volume of 43,364,965. Netflix, Inc. has a 12-month low of $65.08 and a 12-month high of $126.70. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $319.67 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 1.10 and a beta of 1.53. The stock has a fifty day moving average of $75.61 and a 200-day moving average of $84.46.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The firm 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%.The firm’s revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 earnings per share. On average, equities analysts anticipate that Netflix, Inc. will post 3.59 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on the company. Pivotal Research dropped their price target on Netflix from $96.00 to $70.00 and set a “hold” rating for the company in a research report on Friday, July 17th. UBS Group decreased their price objective on Netflix from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, July 17th. Piper Sandler reaffirmed an “overweight” rating and set a $85.00 target price (down from $115.00) on shares of Netflix in a research note on Friday, July 17th. Weiss Ratings lowered shares of Netflix from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 26th. Finally, Phillip Securities upgraded shares of Netflix from a “moderate buy” rating to a “strong-buy” rating and set a $110.00 target price for the company in a research report on Sunday, July 19th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.65.

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.