Thrivent Financial for Lutherans Increases Stock Holdings in Netflix, Inc. $NFLX

Thrivent Financial for Lutherans boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 71.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 321,054 shares of the Internet television network’s stock after buying an additional 133,674 shares during the quarter. Netflix accounts for approximately 0.8% of Thrivent Financial for Lutherans’ portfolio, making the stock its 13th biggest position. Thrivent Financial for Lutherans’ holdings in Netflix were worth $384,918,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in shares of Netflix during the 2nd quarter valued at $31,000. Retirement Wealth Solutions LLC bought a new stake in Netflix in the third quarter worth about $28,000. Stephens Consulting LLC boosted its stake in Netflix by 150.0% in the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after acquiring an additional 15 shares during the last quarter. Rossby Financial LCC bought a new position in shares of Netflix during the 2nd quarter valued at approximately $35,000. Finally, Steph & Co. increased its stake in shares of Netflix by 188.9% during the 3rd quarter. Steph & Co. now owns 26 shares of the Internet television network’s stock worth $31,000 after purchasing an additional 17 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Up 0.4%

Shares of NASDAQ NFLX opened at $83.49 on Friday. The business has a 50-day moving average of $93.77 and a 200-day moving average of $109.96. The firm has a market capitalization of $352.51 billion, a price-to-earnings ratio of 33.04, a PEG ratio of 1.48 and a beta of 1.71. The company has a current ratio of 1.19, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. Netflix, Inc. has a 12 month low of $81.93 and a 12 month high of $134.12.

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

Insiders Place Their Bets

In other news, insider Cletus R. Willems sold 2,380 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $110.03, for a total value of $261,878.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Reed Hastings sold 426,290 shares of the stock in a transaction 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 transaction, the director directly owned 3,940 shares in the company, valued at approximately $361,179.80. This represents a 99.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,355,640 shares of company stock valued at $136,634,894 over the last 90 days. Company insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the subject of several research reports. TD Cowen reduced their price objective on Netflix from $115.00 to $112.00 and set a “buy” rating for the company in a report on Wednesday, January 21st. Barclays reaffirmed a “neutral” rating and set a $110.00 price target on shares of Netflix in a research report on Friday, December 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $98.00 price objective (up previously from $95.00) on shares of Netflix in a report on Wednesday, January 21st. Rothschild & Co Redburn dropped their price objective on shares of Netflix from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, January 21st. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $100.00 target price (down previously from $112.00) on shares of Netflix in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating and seventeen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $116.17.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Q4 earnings beat and signs of a bottom — Netflix topped revenue and EPS expectations, showed strong free cash flow and put in technical support after the report, prompting some analysts to call a recovery and lift bullish sentiment. Netflix Just Set a Hard Low—Is This The Start of a 40% Rally?
• Positive Sentiment: Analyst buy-the-dip thesis — A visible buy-the-dip narrative has emerged after the post‑earnings pullback, with some firms reiterating Buys and suggesting material upside if execution continues. This Analyst Thinks It’s Finally Time to Buy the Dip in Netflix. Here’s Why
• Positive Sentiment: Institutional/strategic support — High‑profile investors and upgrades (including an upgrade at Freedom Capital and interest from Ark Invest) are providing conviction that the selloff has attracted long‑term buyers. Netflix (NASDAQ:NFLX) Upgraded at Freedom Capital Ark Invest Is Betting on Netflix Stock Amid Warner Bros. Deal Drama. Should You?
• Neutral Sentiment: New content and live sports initiatives — Positive headlines about live sports/Olympics possibilities support growth narrative but are longer‑term catalysts rather than immediate upside. Netflix Stock (NASDAQ:NFLX) Notches Up as the Olympics Become a Possibility
• Negative Sentiment: WBD acquisition overhang — The proposed $72B deal for Warner Bros. Discovery remains the biggest overhang: concerns about leverage, financing structure (possible all‑cash), regulatory scrutiny and execution risk are keeping buyers cautious. Netflix (NFLX) Risks Balance Sheet Health in Pursuit of Warner Bros. (WBD)
• Negative Sentiment: Guidance and growth slowdown — Management’s outlook and commentary signaled slower near‑term growth despite rising ad revenue expectations, fueling caution and analyst downgrades/position exits. Could This Be a Sign of Trouble for Netflix’s Stock? Polen Focus Growth Strategy Exited Netflix (NFLX) Amid Rising Regulatory and Leverage Concerns
• Negative Sentiment: Bear case persists — Some analysts still argue valuation and macro/competitive risks mean shares could fall further until the WBD deal outcome and growth trajectory are clarified. Netflix Has Further To Fall

Netflix 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.