The Manufacturers Life Insurance Company Sells 52,743 Shares of Netflix, Inc. $NFLX

The Manufacturers Life Insurance Company reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,285,849 shares of the Internet television network’s stock after selling 52,743 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Netflix were worth $234,610,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of NFLX. Imprint Wealth LLC acquired a new position in Netflix during the third quarter valued at approximately $25,000. Cornerstone Financial Management LLC acquired a new stake in Netflix in the fourth quarter worth $26,000. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of Netflix during the second quarter worth $26,000. Atlas Capital Advisors Inc. bought a new position in shares of Netflix during the fourth quarter worth $26,000. Finally, Jessup Wealth Management Inc bought a new position in shares of Netflix during the fourth quarter worth $27,000. 80.93% of the stock is owned by institutional investors.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Bill Ackman’s Pershing Square reportedly established a sizable Netflix position after exiting its remaining Alphabet stake, providing a prominent investor vote of confidence in Netflix’s growth and advertising strategy. Bill Ackman’s Netflix investment
• Positive Sentiment: Netflix is expanding the theatrical release strategy for six upcoming films and plans to report their box-office revenue, potentially creating an additional revenue stream and improving film economics. Netflix theatrical strategy
• Positive Sentiment: A forecast that Netflix’s advertising business could exceed $6 billion in 2027 highlights significant monetization potential from its ad-supported tier. Netflix advertising forecast
• Positive Sentiment: The international success of the South African film “The Polygamist” is supporting Netflix’s pipeline of local-language content and may strengthen engagement in overseas markets. The Polygamist success
• Neutral Sentiment: Netflix’s revenue growth and operating margins have outperformed most major media competitors, but its shares have still fallen substantially over the past year; analysts say the stock may not yet be inexpensive. Netflix growth and valuation analysis
• Neutral Sentiment: Reported short-interest data showed zero shares and a zero-day short ratio, an internally inconsistent figure that offers no meaningful signal about investor positioning.
• Negative Sentiment: Florida sued Netflix, seeking billions in damages and alleging that the company misled families and improperly collected children’s data. The action raises potential legal costs, reputational risk and regulatory scrutiny. Florida lawsuit against Netflix
• Negative Sentiment: Investor commentary cited a weak second-quarter outlook and consumer data suggesting Netflix’s demand growth is slowing relative to Warner Bros. Discovery and Disney. Netflix outlook concerns
• Negative Sentiment: Canadian viewers broadly support requiring streamers to fund local content, signaling possible additional regulatory obligations and production costs in an important market. Canadian streaming regulation
• Negative Sentiment: Director Richard Barton sold 720 shares under a pre-arranged Rule 10b5-1 plan. The transaction is relatively small but may add modestly to selling pressure. Netflix director stock sale

Insider Buying and Selling

In other news, insider David Hyman sold 5,723 shares of Netflix stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $72.85, for a total value of $416,920.55. Following the sale, the insider directly owned 316,100 shares in the company, valued at $23,027,885. This trade represents a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Spencer Neumann sold 9,248 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $75.79, for a total transaction of $700,905.92. Following the completion of the sale, 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold 215,035 shares of company stock valued at $15,922,139 over the last ninety days. Insiders own 1.24% of the company’s stock.

Netflix Stock Down 0.0%

NFLX stock opened at $76.01 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $316.50 billion, a P/E ratio of 23.93, a P/E/G ratio of 1.07 and a beta of 1.53. Netflix, Inc. has a fifty-two week low of $65.08 and a fifty-two week high of $125.34. The business has a 50-day moving average of $75.72 and a 200-day moving average of $84.43.

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

Wall Street Analyst Weigh In

NFLX has been the subject of a number of recent analyst reports. Stephens initiated coverage on shares of Netflix in a research report on Friday, July 17th. They issued an “overweight” rating for the company. Guggenheim set a $75.00 target price on Netflix and gave the company a “buy” rating in a research note on Friday, July 17th. Phillip Securities raised Netflix from a “moderate buy” rating to a “strong-buy” rating and set a $110.00 price target on the stock in a research report on Sunday, July 19th. Weiss Ratings cut Netflix from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 26th. Finally, Rothschild & Co Redburn decreased their price objective on Netflix from $120.00 to $93.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $96.65.

About Netflix

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming access to television series, films, documentaries and other video content. Its service includes Netflix-produced and licensed programming, with offerings that may vary by market. The company also provides an advertising-supported plan in selected countries and has expanded into mobile games and other interactive entertainment.

Netflix was founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental service in the United States.