Strs Ohio Sells 140,977 Shares of Netflix, Inc. $NFLX

Posted by George Bondi on Jul 3rd, 2026

Strs Ohio lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 7.7% during the first quarter, HoldingsChannel.com reports. The fund owned 1,679,422 shares of the Internet television network’s stock after selling 140,977 shares during the quarter. Netflix accounts for about 0.6% of Strs Ohio’s portfolio, making the stock its 20th biggest position. Strs Ohio’s holdings in Netflix were worth $161,476,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Imprint Wealth LLC purchased a new stake in Netflix in the third quarter worth approximately $25,000. Horizon Financial Services LLC raised its stake in Netflix by 480.0% during the 3rd quarter. Horizon Financial Services LLC now owns 29 shares of the Internet television network’s stock valued at $35,000 after buying an additional 24 shares during the last quarter. Promus Capital LLC purchased a new stake in Netflix during the 3rd quarter valued at $48,000. Wealth Watch Advisors INC purchased a new stake in Netflix during the 3rd quarter valued at $103,000. Finally, Strategic Wealth Investment Group LLC bought a new position in shares of Netflix during the 2nd quarter valued at $121,000. 80.93% of the stock is currently owned by institutional investors.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

Positive Sentiment: Netflix is being bought on the idea that its recent decline has made the valuation more attractive, especially after a sharp reset in the stock price. NFLX Stock Climbs 3.95% as Valuation and Ad Growth Lift Demand Now
Positive Sentiment: Investors are also focusing on Netflix’s advertising tier, which is still seen as a major growth driver and a key reason bulls think the stock can recover. Netflix Stock Is Near 2021 Levels, and Bulls See 4 Reasons to Care
Positive Sentiment: Some commentary suggests Netflix’s sell-off may be overdone, with bulls pointing to strong revenue trends, buyback support, and improving investor sentiment ahead of upcoming results. Netflix Stock Is Near 2021 Levels, and Bulls See 4 Reasons to Care
Neutral Sentiment: Netflix is scheduled to report results soon, and multiple articles note that investors are positioning ahead of that update, which could create volatility depending on guidance. Should You Buy Netflix Stock Before the Huge Investor Update?
Negative Sentiment: Despite today’s rebound, Netflix remains well below its recent highs, and some investors still view the stock as a turnaround story rather than a confirmed recovery. Netflix Stock Is Near 2021 Levels, and Bulls See 4 Reasons to Care

Analyst Ratings Changes

A number of research firms have recently issued reports on NFLX. Wells Fargo & Company initiated coverage on Netflix in a research note on Monday, March 9th. They issued an “equal weight” rating and a $105.00 price target on the stock. Moffett Nathanson reduced their price objective on Netflix from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, June 17th. Sanford C. Bernstein reissued an “outperform” rating on shares of Netflix in a report on Thursday, June 4th. Pivotal Research set a $96.00 target price on Netflix and gave the stock a “hold” rating in a research report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Netflix from $98.00 to $100.00 and gave the company a “hold” rating in a research note on Tuesday, April 14th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $114.26.

Get Our Latest Report on NFLX

Insider Buying and Selling at Netflix

In other news, Director Bradford L. Smith sold 35,990 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $77.52, for a total value of $2,789,944.80. Following the transaction, the director owned 79,690 shares of the company’s stock, valued at $6,177,568.80. This trade represents a 31.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Adam Neumann sold 9,253 shares of Netflix stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $88.95, for a total value of $823,054.35. Following the transaction, the chief financial officer directly owned 73,787 shares in the company, valued at approximately $6,563,353.65. The trade was a 11.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 899,839 shares of company stock valued at $80,141,661 in the last ninety days. 1.24% of the stock is currently owned by company insiders.

Netflix Trading Up 4.7%

Shares of Netflix stock opened at $77.65 on Friday. Netflix, Inc. has a 1-year low of $70.86 and a 1-year high of $130.23. The company’s fifty day simple moving average is $83.78 and its 200-day simple moving average is $88.37. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market capitalization of $326.97 billion, a PE ratio of 25.08, a P/E/G ratio of 0.94 and a beta of 1.52.

Netflix (NASDAQ:NFLX – Get Free Report) last posted its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, topping the consensus estimate of $0.76 by $0.47. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The firm had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.17 billion. During the same period in the prior year, the business posted $6.61 EPS. Netflix’s revenue was up 16.2% on a year-over-year basis. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, equities analysts anticipate that Netflix, Inc. will post 3.6 earnings per share for the current year.

Netflix Profile

(Free Report)

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.