Kodai Capital Management LP Takes Position in Netflix, Inc. $NFLX

Key Points

• Kodai Capital Management LP purchased 60,108 shares of Netflix, Inc. for approximately $56 million, making it the fund's 5th largest position at 2.2% of its total holdings.
• Netflix CEO Gregory K. Peters sold over 2,000 shares valued at approximately $2.34 million, reducing his ownership by 13.68% to 12,781 shares worth roughly $14.79 million.
• Analysts have boosted Netflix's price targets significantly, with KeyCorp and Oppenheimer setting targets at $1,390.00 and $1,425.00 respectively, reflecting strong buy ratings on the stock.

Kodai Capital Management LP purchased a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 60,108 shares of the Internet television network's stock, valued at approximately $56,053,000. Netflix comprises about 2.2% of Kodai Capital Management LP's holdings, making the stock its 5th largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings 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 worth $35,433,585,000 after purchasing an additional 509,255 shares during the period. Price T Rowe Associates Inc. MD increased its holdings 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 valued at $10,940,505,000 after purchasing an additional 304,399 shares during the period. GAMMA Investing LLC increased its holdings in shares of Netflix by 109,524.3% during 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 purchasing an additional 8,827,662 shares during the period. Invesco Ltd. boosted its stake in Netflix by 8.3% during the first quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock valued at $4,350,083,000 after buying an additional 356,617 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings 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 valued at $4,089,765,000 after purchasing an additional 148,675 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Insider Activity at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 685 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,161.21, for a total transaction of $795,428.85. Following the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at approximately $4,286,026.11. This represents a 15.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David A. Hyman sold 424 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the transaction, the insider owned 31,610 shares in the company, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 123,163 shares of company stock valued at $151,917,174 over the last three months. Insiders own 1.37% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on NFLX shares. Wells Fargo & Company upped their price target on Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Canaccord Genuity Group reiterated a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. KeyCorp lifted their target price on Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Citigroup restated a "neutral" rating and set a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Netflix in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

Netflix Trading Down 1.9%

NASDAQ:NFLX traded down $23.20 during trading hours on Friday, hitting $1,208.25. The stock had a trading volume of 3,206,585 shares, compared to its average volume of 2,730,890. Netflix, Inc. has a one year low of $660.80 and a one year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market cap of $513.42 billion, a price-to-earnings ratio of 51.48, a P/E/G ratio of 2.03 and a beta of 1.59. The business's 50 day moving average is $1,231.11 and its 200-day moving average is $1,118.03.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating 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 firm had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the prior year, the firm earned $4.88 earnings per share. The business's quarterly revenue 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. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal 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.