Netflix, Inc. $NFLX Shares Purchased by Banco Santander S.A.

Banco Santander S.A. lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 18.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 70,607 shares of the Internet television network’s stock after acquiring an additional 11,245 shares during the quarter. Netflix comprises about 0.9% of Banco Santander S.A.’s portfolio, making the stock its 18th biggest holding. Banco Santander S.A.’s holdings in Netflix were worth $94,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Netflix by 1.4% during the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock worth $35,433,585,000 after acquiring an additional 509,255 shares during the period. Price T Rowe Associates Inc. MD raised its position in Netflix by 2.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network’s stock worth $10,940,505,000 after acquiring an additional 304,399 shares during the period. Alliancebernstein L.P. raised its position in Netflix by 1.0% during the first quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network’s stock worth $4,844,436,000 after acquiring an additional 53,611 shares during the period. Invesco Ltd. raised its position in Netflix by 8.3% during the first quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network’s stock worth $4,350,083,000 after acquiring an additional 356,617 shares during the period. Finally, Wellington Management Group LLP raised its position in Netflix by 3.5% during the first quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network’s stock worth $4,089,765,000 after acquiring an additional 148,675 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,094.69 on Monday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 52 week low of $747.77 and a 52 week high of $1,341.15. The firm has a 50-day simple moving average of $1,207.21 and a 200-day simple moving average of $1,189.16. The stock has a market capitalization of $463.85 billion, a price-to-earnings ratio of 45.73, a price-to-earnings-growth ratio of 1.89 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). Netflix had a net margin of 24.05% and a return on equity of 41.86%. The firm had revenue of $11.51 billion during the quarter, compared to analysts’ expectations of $11.52 billion. During the same period in the prior year, the company posted $5.40 EPS. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. On average, equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Benchmark restated a “hold” rating on shares of Netflix in a research report on Wednesday, October 22nd. Pivotal Research restated a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Piper Sandler reaffirmed an “overweight” rating and set a $1,400.00 target price (down previously from $1,500.00) on shares of Netflix in a report on Wednesday. Itau BBA Securities started coverage on shares of Netflix in a research report on Tuesday, October 7th. They issued an “outperform” rating and a $1,514.00 target price for the company. Finally, Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,352.78.

Insider Transactions at Netflix

In related news, CFO Spencer Adam Neumann sold 2,600 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the completion of the sale, the chief financial officer owned 3,691 shares of the company’s stock, valued at approximately $4,327,734.41. This represents a 41.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Reed Hastings sold 42,176 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the completion of the sale, the director directly owned 394 shares of the company’s stock, valued at $461,736.48. This represents a 99.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock valued at $122,710,980 in the last three months. 1.37% of the stock is currently owned by corporate insiders.

Netflix Profile

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.