Netflix, Inc. $NFLX Shares Acquired by Wallington Asset Management LLC

Wallington Asset Management LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.6% during the 2nd quarter, Holdings Channel reports. The firm owned 316 shares of the Internet television network’s stock after buying an additional 11 shares during the period. Wallington Asset Management LLC’s holdings in Netflix were worth $423,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. 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. Price T Rowe Associates Inc. MD lifted its position in shares of 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 purchasing an additional 304,399 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of 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 purchasing an additional 53,611 shares in the last quarter. Invesco Ltd. lifted its position in shares of 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 purchasing an additional 356,617 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of 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 purchasing an additional 148,675 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

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 transaction, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the transaction, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,290,418.40. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is owned by company insiders.

Netflix Stock Performance

Shares of NFLX opened at $1,153.32 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market cap of $490.08 billion, a PE ratio of 49.14, a price-to-earnings-growth ratio of 1.96 and a beta of 1.59. The company’s 50 day simple moving average is $1,207.36 and its 200-day simple moving average is $1,158.96. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. The business 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 company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the firm posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Piper Sandler increased their price target on shares of Netflix from $1,400.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. TD Cowen raised their target price on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a “buy” rating in a report on Friday, July 18th. Wedbush reaffirmed an “outperform” rating and issued a $1,500.00 target price (up previously from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Seaport Res Ptn cut shares of Netflix from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $1,500.00 target price on shares of Netflix in a report on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,335.00.

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.