Monday, March 31, 2025

Korea Investment CORP Reduces Netflix Stake Amid Insider Selling and Analyst Rating Adjustments

Share

Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Korea Investment CORP

In the fourth quarter, Korea Investment CORP reduced its stake in Netflix, Inc. (NASDAQ:NFLX) by 20.8%, as reflected in its latest Form 13F filing with the Securities & Exchange Commission. The firm sold 98,398 shares, leaving it with 374,498 shares in the Internet television network. At the close of the quarter, Netflix constituted approximately 0.8% of Korea Investment CORP’s investment portfolio, making it the 18th largest holding. Korea Investment CORP’s Netflix shares were valued at $333,798,000 by the quarter’s end.

Several other large investors also adjusted their hold in Netflix shares during the same period. Notably, West Michigan Advisors LLC increased its shares by 1.3%, bringing its total to 776 shares, now valued at $692,000. Warwick Investment Management Inc. raised its holdings by 3.5% to 298 shares, worth $266,000. MRP Capital Investments LLC saw a 1% increase, bringing its tally to 1,052 shares valued at $938,000. Enzi Wealth and TCI Wealth Advisors Inc. also lifted their stakes, with respective increases of 3.4% and 1.6%.

In other company news, Director Richard N. Barton sold 6,364 shares of Netflix stock at an average price of $879.38 on January 7th, marking a 96.28% decrease in his ownership. Additionally, CEO Gregory K. Peters sold 102,228 shares on January 30th at $980.74 per share, reducing his ownership by 88.76%. Overall, insiders sold a total of 288,583 shares valued at $279,611,567 over the past ninety days. Insiders currently own 1.76% of Netflix’s stock.

Research analysts have recently adjusted their views on Netflix. StockNews.com downgraded the stock from a “buy” to a “hold” rating. However, Barclays upgraded it from “underweight” to “equal weight,” increasing the price objective from $715.00 to $900.00. Bank of America and Rosenblatt Securities both increased their price targets due to optimistic forecasts, with Macquarie rating the company as “outperform.” Currently, Netflix holds a consensus “Moderate Buy” rating with an average price target of $1,016.78.

As of Thursday, Netflix’s shares were trading at $970.65. The company’s 50-day simple moving average is $967.54, and the 200-day moving average is $864.18. Moreover, over the past year, Netflix’s shares have ranged from a low of $542.01 to a high of $1,064.50. The firm boasts a market capitalization of $415.20 billion, a PE ratio of 48.95, and a price-to-earnings-growth ratio of 2.12, with a beta of 1.38.

In the last reported quarterly earnings, Netflix announced a $0.07 EPS above analysts’ consensus estimates, with a posted EPS of $4.27 for the quarter. Accordingly, Netflix achieved a net margin of 22.34% and a return on equity of 38.32%. Revenue for the quarter was $10.25 billion, exceeding analyst expectations of $10.14 billion. Netflix’s quarterly revenue saw a significant 16% increase from the previous year. Analysts predict Netflix, Inc. will post 24.58 EPS for the current year.

Netflix, Inc., a prominent provider of entertainment services, offers a wide variety of TV series, documentaries, feature films, and games in multiple genres and languages. The company also allows members to access streaming content using diverse internet-connected devices like TVs, digital video players, set-top boxes, and mobile devices.

Jordan Clark
Jordan Clarkhttps://www.businessorbital.com/
Jordan Clark brings a dynamic and investigative approach to business reporting. Holding a degree in Business Administration and a certification in Data Analysis, Jordan has an eye for detail and a knack for uncovering the stories behind the numbers. His career began in the bustling world of Silicon Valley startups, giving him firsthand experience in tech entrepreneurship and venture capital. Jordan's reports often focus on technology's impact on business, startup culture, and emerging

Read more

Latest News