Thrivent Financial for Lutherans Has $384.92 Million Stake in Netflix, Inc. $NFLX

Thrivent Financial for Lutherans grew its position in Netflix, Inc. (NASDAQ:NFLX) by 71.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. 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 about 0.8% of Thrivent Financial for Lutherans’ portfolio, making the stock its 13th largest holding. Thrivent Financial for Lutherans owned about 0.08% of Netflix worth $384,918,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC bought a new position in shares of Netflix in the third quarter worth about $28,000. Legacy Investment Solutions LLC acquired a new stake in Netflix in the second quarter valued at approximately $31,000. Steph & Co. increased its holdings in shares of Netflix by 188.9% during the third quarter. Steph & Co. now owns 26 shares of the Internet television network’s stock worth $31,000 after buying an additional 17 shares in the last quarter. Stephens Consulting LLC lifted its stake in shares of Netflix by 150.0% in the 2nd 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. Finally, Rossby Financial LCC bought a new stake in Netflix during the 2nd quarter worth $35,000. 80.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NFLX has been the topic of a number of recent research reports. The Goldman Sachs Group reissued a “neutral” rating and set a $100.00 price target (down from $112.00) on shares of Netflix in a research note on Wednesday, January 21st. Jefferies Financial Group reiterated a “buy” rating on shares of Netflix in a research report on Wednesday, January 21st. JPMorgan Chase & Co. decreased their price target on shares of Netflix from $127.50 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday, November 18th. Seaport Research Partners raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Finally, Benchmark restated a “hold” rating on shares of Netflix in a report on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating and seventeen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $116.17.

Netflix Trading Up 0.4%

NASDAQ NFLX opened at $83.49 on Friday. The stock has a market capitalization of $352.51 billion, a P/E ratio of 33.04, a P/E/G ratio of 1.48 and a beta of 1.71. The business has a 50 day simple moving average of $93.77 and a 200 day simple moving average of $109.96. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.19 and a quick ratio of 1.33. Netflix, Inc. has a one year low of $81.93 and a one year high of $134.12.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 20th. The Internet television network reported $0.56 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 the consensus estimate of $11.97 billion. Netflix had a net margin of 24.30% and a return on equity of 43.26%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. Research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 105,781 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $82.94, for a total value of $8,773,476.14. Following the completion of the sale, the chief executive officer owned 122,140 shares of the company’s stock, valued at approximately $10,130,291.60. This trade represents a 46.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Reed Hastings sold 426,290 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $91.67, for a total value of $39,078,004.30. Following the transaction, the director directly owned 3,940 shares in the company, valued at $361,179.80. The trade was a 99.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,355,640 shares of company stock worth $136,634,894 in the last quarter. Company insiders own 1.37% of the company’s stock.

Netflix News Roundup

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

About Netflix

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.