182,592 Shares in Netflix, Inc. $NFLX Acquired by Knuff & Co LLC

Key Points

• Knuff & Co LLC acquired 182,592 Netflix shares worth approximately $13.0 million in the second quarter, making Netflix its ninth-largest holding and representing 3.3% of its portfolio.
• Institutional investors own 80.93% of Netflix, with several funds—including Vanguard—significantly increasing their positions. Netflix shares recently traded at $80.22, up 3.2%, while the company reported quarterly EPS slightly above estimates and 13.4% year-over-year revenue growth.
• Analysts remain broadly positive, assigning Netflix a “Moderate Buy” consensus rating and an average price target of $103.48, although company insiders sold roughly $49.1 million of stock during the latest quarter.

Knuff & Co LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 182,592 shares of the Internet television network's stock, valued at approximately $13,037,000. Netflix accounts for approximately 3.3% of Knuff & Co LLC's investment portfolio, making the stock its 9th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Netflix by 912.5% during the 4th quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network's stock worth $36,567,805,000 after purchasing an additional 351,493,659 shares during the period. Shepherd Street Advisors LLC purchased a new stake in Netflix in the 4th quarter worth about $2,216,000. Morse Asset Management Inc lifted its stake in Netflix by 809.3% in the fourth quarter. Morse Asset Management Inc now owns 64,730 shares of the Internet television network's stock worth $6,069,000 after purchasing an additional 57,611 shares during the last quarter. University of Texas Texas AM Investment Management Co. boosted its position in shares of Netflix by 798.5% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 42,542 shares of the Internet television network's stock valued at $3,989,000 after buying an additional 37,807 shares during the period. Finally, New Mexico Educational Retirement Board boosted its position in shares of Netflix by 900.0% during the fourth quarter. New Mexico Educational Retirement Board now owns 192,210 shares of the Internet television network's stock valued at $18,022,000 after buying an additional 172,989 shares during the period. Institutional investors own 80.93% of the company's stock.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Bill Ackman returns: Pershing Square disclosed a roughly 4.9% portfolio position in Netflix, reversing its earlier exit at a reported loss of about $400 million. Ackman’s renewed conviction reflects expectations for double-digit revenue growth, margin expansion and continued streaming leadership. What's Going On With Netflix Stock Wednesday?
• Positive Sentiment: Advertising remains a growth catalyst: Analysts highlighted Netflix’s rapidly scaling ad-supported business, including new advertising tools and live programming that could help generate billions in ad revenue and support longer-term revenue expansion. NFLX's Ad Business Focus
• Positive Sentiment: Valuation attracts bargain hunters: With the stock down about 43% from its peak and trading near 21 times forward earnings, investors are comparing Netflix’s valuation with prior major pullbacks and arguing that the risk-reward profile has improved. Several commentators and CNBC’s Jason Snipe also endorsed the shares. Netflix Trades at 21 Times Forward Earnings
• Neutral Sentiment: Broader market rotation helped: Netflix participated in a shift away from semiconductor stocks and toward beaten-down software and technology shares. This suggests part of the move reflected sector positioning rather than a new company-specific operating announcement. Netflix, Salesforce, and Adobe Rally
• Negative Sentiment: Copyright lawsuit adds risk: The band Demon Hunter sued Netflix over the title and alleged intellectual-property issues involving KPop Demon Hunters. The legal action introduces potential costs and reputational risk, although its financial impact is currently unclear. Netflix sued by band Demon Hunter

Netflix Trading Up 3.2%

Shares of NASDAQ NFLX opened at $80.22 on Thursday. Netflix, Inc. has a twelve month low of $65.08 and a twelve month high of $126.71. The firm has a market cap of $334.03 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 0.98 and a beta of 1.52. The business has a fifty day simple moving average of $74.43 and a two-hundred day simple moving average of $84.39. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.01. The business had revenue of $12.56 billion for the quarter, compared to the consensus estimate of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The business's revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 EPS. Analysts expect that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Insider Activity at Netflix

In other news, CEO Theodore A. Sarandos sold 105,850 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $73.03, for a total value of $7,730,225.50. Following the completion of the sale, the chief executive officer owned 206,266 shares of the company's stock, valued at approximately $15,063,605.98. This represents a 33.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory K. Peters sold 27,312 shares of Netflix stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the transaction, the chief executive officer directly owned 120,931 shares in the company, valued at approximately $8,893,265.74. The trade was a 18.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 600,295 shares of company stock worth $49,056,671 over the last quarter. Corporate insiders own 1.24% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on NFLX. Citic Securities raised their price target on Netflix from $95.00 to $107.00 and gave the stock a "hold" rating in a research note on Monday, April 27th. Robert W. Baird set a $90.00 price objective on Netflix and gave the company an "outperform" rating in a research report on Wednesday, July 22nd. Stephens started coverage on Netflix in a research note on Friday, July 17th. They issued an "overweight" rating on the stock. Deutsche Bank Aktiengesellschaft set a $110.00 target price on Netflix in a research report on Monday, July 20th. Finally, CLSA assumed coverage on shares of Netflix in a research note on Monday, July 20th. They set an "outperform" rating for the company. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and a consensus price target of $103.48.

Netflix Company Profile

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company's primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

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