1832 Asset Management L.P. Purchases 98,969 Shares of Netflix, Inc. $NFLX

Key Points

• 1832 Asset Management L.P. increased its stake in Netflix, Inc. by 45.1%, acquiring an additional 98,969 shares to bring their total to 318,645 shares, valued at approximately $297.1 million.
• Other significant investors, including GAMMA Investing LLC and Goldman Sachs Group Inc., also boosted their stakes in Netflix, reflecting strong institutional interest with 80.93% of the company's stock owned by institutional investors.
• Netflix reported $7.19 EPS for the last quarter, surpassing estimates and showcasing a 15.9% increase in revenue year-over-year, while analysts continue to project strong future earnings growth.

1832 Asset Management L.P. boosted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 45.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 318,645 shares of the Internet television network's stock after acquiring an additional 98,969 shares during the period. 1832 Asset Management L.P. owned 0.07% of Netflix worth $297,146,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in NFLX. GAMMA Investing LLC boosted its holdings in Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after acquiring an additional 8,827,662 shares during the last quarter. Nuveen LLC acquired a new position in Netflix in the first quarter valued at about $2,385,585,000. Goldman Sachs Group Inc. lifted its stake in Netflix by 57.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock valued at $3,164,134,000 after buying an additional 1,236,251 shares during the period. Northern Trust Corp lifted its stake in Netflix by 14.3% in the fourth quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock valued at $4,076,903,000 after buying an additional 570,674 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Netflix by 1.4% in the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after buying an additional 509,255 shares during the period. Institutional investors own 80.93% of the company's stock.

Netflix Trading Down 0.6%

NASDAQ NFLX opened at $1,206.21 on Friday. The firm has a market cap of $512.55 billion, a P/E ratio of 51.39, a P/E/G ratio of 2.04 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The stock's 50-day moving average is $1,231.56 and its 200-day moving average is $1,108.85. Netflix, Inc. has a one year low of $660.80 and a one year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.Netflix's revenue was up 15.9% compared to the same quarter last year. During the same quarter 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. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on NFLX shares. Morgan Stanley reissued an "equal weight" rating on shares of Netflix in a research note on Monday, July 21st. Sanford C. Bernstein increased their target price on Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. Robert W. Baird increased their target price on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Canaccord Genuity Group reissued a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Finally, The Goldman Sachs Group increased their target price on Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,297.66.

Insider Transactions at Netflix

In related news, Director Jay C. Hoag sold 31,750 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the completion of the transaction, the director directly owned 63,040 shares in the company, valued at approximately $78,948,144. This trade represents a 33.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Reed Hastings sold 26,933 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $1,211.66, for a total value of $32,633,638.78. Following the transaction, the director owned 394 shares of the company's stock, valued at approximately $477,394.04. The trade was a 98.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 146,307 shares of company stock valued at $179,443,809 in the last ninety days. Corporate insiders own 1.37% of the company's stock.

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.

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