Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 0.6% in the second quarter, HoldingsChannel reports. The fund owned 3,839 shares of the Internet television network’s stock after purchasing an additional 21 shares during the quarter. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.’s holdings in Netflix were worth $5,141,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of NFLX. Means Investment CO. Inc. increased its position in shares of Netflix by 5.9% during the second quarter. Means Investment CO. Inc. now owns 1,410 shares of the Internet television network’s stock worth $1,889,000 after purchasing an additional 78 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Netflix by 20.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 69,723 shares of the Internet television network’s stock worth $93,413,000 after purchasing an additional 11,821 shares in the last quarter. Oak Ridge Investments LLC grew its stake in Netflix by 1.4% during the 2nd quarter. Oak Ridge Investments LLC now owns 21,691 shares of the Internet television network’s stock worth $29,047,000 after buying an additional 291 shares during the last quarter. Summa Corp. acquired a new position in Netflix during the 2nd quarter valued at about $249,000. Finally, CV Advisors LLC increased its position in Netflix by 3.0% during the 2nd quarter. CV Advisors LLC now owns 6,190 shares of the Internet television network’s stock valued at $8,289,000 after buying an additional 178 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, CEO Gregory K. Peters sold 2,026 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer owned 12,781 shares of the company’s stock, valued at $14,793,240.64. This trade represents a 13.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the transaction, the chief executive officer directly owned 15,168 shares of the company’s stock, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock valued at $122,710,980 over the last 90 days. Company insiders own 1.37% of the company’s stock.
Netflix Trading Down 0.9%
Netflix (NASDAQ:NFLX – Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.
Analyst Ratings Changes
A number of brokerages have recently weighed in on NFLX. The Goldman Sachs Group dropped their price target on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Sanford C. Bernstein lifted their target price on shares of Netflix from $1,200.00 to $1,390.00 and gave the stock an “outperform” rating in a research note on Thursday, July 17th. Wedbush restated an “outperform” rating and set a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Netflix in a report on Wednesday. Finally, Wells Fargo & Company boosted their price objective on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $1,337.63.
Get Our Latest Stock Report on NFLX
About Netflix
Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.
Recommended Stories
- Five stocks we like better than Netflix
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- Bassett Furniture: Buy Now, Sit Back, and Collect Dividends
- What is the Shanghai Stock Exchange Composite Index?
- AST SpaceMobile’s Big Win: Shares Soar on New Deal With Verizon
- Using the MarketBeat Dividend Yield Calculator
- Catch the Next Bitcoin Rally With These 3 ETFs
Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX – Free Report).
Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.