Wesleyan Assurance Society Grows Stock Holdings in Netflix, Inc. $NFLX

Wesleyan Assurance Society grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 24.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,240 shares of the Internet television network’s stock after buying an additional 240 shares during the quarter. Wesleyan Assurance Society’s holdings in Netflix were worth $1,660,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NFLX. Nuveen LLC purchased a new stake in Netflix during the first quarter worth approximately $2,385,585,000. Kingstone Capital Partners Texas LLC lifted its position in shares of Netflix by 343,058.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock worth $3,299,450,000 after purchasing an additional 2,463,158 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Netflix by 57.3% during the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock worth $3,164,134,000 after purchasing an additional 1,236,251 shares in the last quarter. Amundi lifted its position in shares of Netflix by 37.7% during the first quarter. Amundi now owns 2,070,221 shares of the Internet television network’s stock worth $1,898,496,000 after purchasing an additional 567,251 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of 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 purchasing an additional 509,255 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NFLX shares. Morgan Stanley set a $1,500.00 target price on shares of Netflix in a research report on Monday, October 13th. Loop Capital raised shares of Netflix from a “hold” rating to a “buy” rating and upped their price target for the company from $1,150.00 to $1,350.00 in a report on Wednesday, September 17th. Argus set a $1,410.00 price target on shares of Netflix in a report on Thursday. Itau BBA Securities started coverage on shares of Netflix in a report on Tuesday, October 7th. They issued an “outperform” rating and a $1,514.00 price target on the stock. Finally, Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average price target of $1,352.78.

Insider Activity at Netflix

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction 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 directly owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Reed Hastings sold 42,176 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the sale, the director directly owned 394 shares in the company, valued at $461,736.48. This trade represents a 99.07% 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 in the last ninety days. 1.37% of the stock is owned by insiders.

Netflix Stock Down 1.7%

Shares of NASDAQ:NFLX opened at $1,094.69 on Monday. 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, Inc. has a 1-year low of $747.77 and a 1-year high of $1,341.15. The company’s fifty day moving average is $1,207.21 and its two-hundred day moving average is $1,189.16. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33.

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

Netflix Company 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.