New York State Common Retirement Fund Trims Holdings in Netflix, Inc. $NFLX

New York State Common Retirement Fund lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 7.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 522,832 shares of the Internet television network’s stock after selling 39,569 shares during the period. Netflix accounts for approximately 0.8% of New York State Common Retirement Fund’s holdings, making the stock its 14th biggest holding. New York State Common Retirement Fund owned 0.12% of Netflix worth $626,834,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its stake in Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after acquiring an additional 257 shares during the period. Revolve Wealth Partners LLC lifted its position in Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after purchasing 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 buying an additional 246 shares during the last quarter. Strategic Investment Advisors MI raised its stake in Netflix by 18.9% during the 2nd 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, XML Financial LLC increased its holdings in shares of Netflix by 49.5% during the second quarter. XML Financial LLC now owns 423 shares of the Internet television network’s stock valued at $566,000 after purchasing an additional 140 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Q4 results beat expectations (EPS $0.56 vs. $0.55; revenue $12.05B) and management set FY guidance that some analysts called constructive — a near-term fundamental support for the stock. Netflix Q4 earnings
• Positive Sentiment: Multiple firms and commentators are bullish after earnings — Needham reiterates a buy stance, Freedom Capital upgraded to strong-buy, ARK Invest has been buying, and several outlets argue the post-earnings low could mark a recovery setup. Needham buy note
• Positive Sentiment: Market commentary highlights ad-revenue upside and lower expectations priced in after the pullback, suggesting an attractive risk/reward if deal risk is resolved. MarketBeat recovery piece
• Neutral Sentiment: Content/events tailwind — Netflix will stream a high-profile Tyson Fury boxing comeback in April, a programming event that could boost viewership and ad/partner revenues but is unlikely to move fundamentals materially on its own. Tyson Fury on Netflix
• Negative Sentiment: Regulatory overhang: U.S. Senate/antitrust subcommittee hearings and UK scrutiny on the proposed $83B Warner Bros. deal are escalating — the takeover process is a major overhang that increases legal and timing uncertainty. Reuters on Senate hearing
• Negative Sentiment: Deal-related financial risk: analysts and research pieces warn Netflix may strain its balance sheet or incur material regulatory/legal costs (Needham flags ~$275M; TipRanks highlights balance-sheet risk tied to pursuing Warner Bros.). TipRanks on balance-sheet risk
• Negative Sentiment: Analyst/owner churn and target cuts: Citic Securities trimmed its price target to $95 and some funds (e.g., Polen) trimmed or exited positions, signaling caution among institutions. Citic lowers PT
• Neutral Sentiment: Mixed media takes and comparisons to peers: coverage ranges from “buy the dip” pieces to cautions about valuation and an expensive pending deal — fueling both bargain-hunting and continued selling. Fool buy-the-dip

Insider Buying and Selling

In related news, Director Reed Hastings sold 426,290 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $91.67, for a total transaction of $39,078,004.30. Following the completion of the sale, the director directly owned 3,940 shares of the company’s stock, valued at $361,179.80. The trade was a 99.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gregory K. Peters sold 20,270 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $109.57, for a total value of $2,220,943.36. Following the completion of the transaction, the chief executive officer directly owned 127,810 shares in the company, valued at $14,003,886.08. The trade was a 13.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,653,599 shares of company stock valued at $173,141,263. Insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Huber Research cut Netflix to a “buy” rating in a research note on Friday, December 5th. Susquehanna upgraded shares of Netflix to a “positive” rating and set a $112.00 price objective on the stock in a research report on Wednesday, January 21st. Needham & Company LLC dropped their target price on Netflix from $150.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, January 21st. JPMorgan Chase & Co. dropped their price target on shares of Netflix from $127.50 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 18th. Finally, Seaport Research Partners upgraded Netflix from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $116.17.

Netflix Stock Down 1.1%

NFLX stock opened at $84.64 on Thursday. The company has a market cap of $357.36 billion, a PE ratio of 33.49, a price-to-earnings-growth ratio of 1.52 and a beta of 1.71. The company has a quick ratio of 1.33, a current ratio of 1.19 and a debt-to-equity ratio of 0.51. Netflix, Inc. has a twelve month low of $81.93 and a twelve month high of $134.12. The business’s 50-day simple moving average is $94.63 and its 200 day simple moving average is $110.43.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 20th. The Internet television network reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The firm had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $11.97 billion. Netflix had a net margin of 24.30% and a return on equity of 43.26%. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 earnings per share. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. On average, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.