Netflix, Inc. $NFLX Stock Bought by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 12.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 253,849 shares of the Internet television network’s stock after buying an additional 27,650 shares during the period. Maryland State Retirement & Pension System’s holdings in Netflix were worth $17,663,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in NFLX. Nykredit A S bought a new stake in Netflix in the second quarter valued at $105,697,000. Rockland Trust Co. increased its stake in Netflix by 27.5% during the 3rd quarter. Rockland Trust Co. now owns 219,221 shares of the Internet television network’s stock valued at $15,253,000 after purchasing an additional 47,339 shares in the last quarter. Boomfish Wealth Group LLC raised its holdings in Netflix by 91.5% during the third quarter. Boomfish Wealth Group LLC now owns 34,547 shares of the Internet television network’s stock worth $2,404,000 after buying an additional 16,510 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Netflix during the second quarter worth about $37,743,000. Finally, Sarasin & Partners LLP boosted its stake in Netflix by 10.5% during the 2nd quarter. Sarasin & Partners LLP now owns 2,736,198 shares of the Internet television network’s stock valued at $195,365,000 after purchasing an additional 259,794 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix News Roundup

Here’s some of the latest news about NFLX:

• Positive Sentiment: Netflix’s latest reported quarter showed EPS of $0.87, above the $0.82 consensus, while revenue grew 11.9% year over year. That growth and earnings performance offer some support amid the stock’s selloff.
• Neutral Sentiment: Netflix expects about $12 billion in free cash flow this year and has spent more than $10.7 billion on share repurchases through September. The company has not announced a dividend, so returns to shareholders are currently centered on buybacks. Article: Will Netflix Ever Pay a Dividend?
• Negative Sentiment: Reports say NFLX has fallen 53% from its June 2025 peak, amid slowing viewer engagement, YouTube competition and investor doubts about the expense of its content strategy. The stock is near its 52-week low, reinforcing concerns about its growth outlook. Article: Netflix Wipes Out Five Years of Gains

Insiders Place Their Bets

In other Netflix news, CFO Spencer Neumann sold 9,253 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $66.15, for a total value of $612,085.95. Following the completion of the sale, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at $4,881,010.05. This trade represents a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory K. Peters sold 27,312 shares of the business’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $63.62, for a total value of $1,737,589.44. Following the completion of the sale, the chief executive officer owned 119,412 shares in the company, valued at approximately $7,596,991.44. The trade was a 18.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 89,024 shares of company stock valued at $5,788,733 in the last quarter. 1.24% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NFLX has been the topic of several analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $125.00 target price (down from $135.00) on shares of Netflix in a research report on Friday, October 16th. TD Cowen reissued a “buy” rating and set a $100.00 price target on shares of Netflix in a research report on Wednesday, October 21st. Phillip Securities cut shares of Netflix from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, October 23rd. Yorkville Ives began coverage on shares of Netflix in a research report on Monday, October 5th. They issued an “in-line” rating and a $75.00 price objective for the company. Finally, Jefferies Financial Group set a $85.00 price objective on shares of Netflix and gave the company a “buy” rating in a research note on Thursday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.14.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $64.54 on Thursday. The company has a market capitalization of $265.02 billion, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 0.93 and a beta of 1.62. The company’s 50-day moving average is $70.00 and its 200 day moving average is $80.65. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.07 and a current ratio of 1.07. Netflix, Inc. has a fifty-two week low of $61.39 and a fifty-two week high of $116.73.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, October 20th. The Internet television network reported $0.87 EPS for the quarter, topping the consensus estimate of $0.82 by $0.05. Netflix had a net margin of 29.69% and a return on equity of 42.69%. The business had revenue of $12.87 billion for the quarter, compared to analyst estimates of $12.87 billion. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities research analysts forecast that Netflix, Inc. will post 3.59 earnings per share for the current year.

Netflix Profile

Netflix, Inc. is an entertainment company that offers subscription-based streaming of television series, films, documentaries and other programming. Its service also includes mobile games and, in some markets, advertising-supported viewing plans. Netflix produces and licenses content, including titles made under its Netflix brand. Founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental business, the company launched its streaming service in 2007 and later expanded into original programming.