12,667 Shares in Netflix, Inc. $NFLX Bought by Ninety One SA PTY Ltd

Key Points

• Ninety One SA PTY Ltd has acquired 12,667 shares of Netflix, Inc., valued at around $16.8 million, making it the firm's 11th largest position.
• The company's stock opened at $1,198.92, with a twelve-month high of $1,341.15 and a low of $677.88, while its market capitalization stands at $509.46 billion.
• Insider selling occurred as CFO Spencer Adam Neumann sold 2,600 shares, and Director Reed Hastings sold 25,959 shares, indicating a significant reduction in their ownership stakes.

Ninety One SA PTY Ltd purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 12,667 shares of the Internet television network's stock, valued at approximately $16,836,000. Netflix makes up about 2.8% of Ninety One SA PTY Ltd's holdings, making the stock its 11th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC increased its position in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 13 shares during the last quarter. Maseco LLP bought a new position in Netflix in the second quarter valued at approximately $39,000. Ransom Advisory Ltd acquired a new stake in shares of Netflix in the 2nd quarter valued at approximately $47,000. Flaharty Asset Management LLC acquired a new stake in shares of Netflix in the 1st quarter valued at approximately $37,000. Finally, Signature Resources Capital Management LLC boosted its holdings in shares of Netflix by 740.0% in the 2nd quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network's stock valued at $56,000 after buying an additional 37 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Price Performance

Shares of Netflix stock opened at $1,198.92 on Wednesday. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a 50-day simple moving average of $1,208.39 and a two-hundred day simple moving average of $1,155.85. The stock has a market capitalization of $509.46 billion, a price-to-earnings ratio of 51.08, a price-to-earnings-growth ratio of 2.03 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. During the same period last year, the firm earned $4.88 earnings per share. The business's revenue for the quarter was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Seaport Res Ptn lowered shares of Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 6th. Zacks Research lowered shares of Netflix from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Oppenheimer lifted their price target on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. UBS Group reaffirmed a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. Finally, Wall Street Zen upgraded Netflix from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,334.03.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 2,600 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the completion of the sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,457,842.16. This represents a 41.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Reed Hastings sold 25,959 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the completion of the transaction, the director directly owned 394 shares of the company's stock, valued at approximately $475,837.74. This trade represents a 98.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 59,324 shares of company stock valued at $70,235,556 over the last ninety days. 1.37% of the stock is 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.

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