6,101 Shares in Netflix, Inc. $NFLX Acquired by Nightview Capital LLC

Key Points

• Nightview Capital LLC acquired a new position in Netflix by purchasing 6,101 shares valued at approximately $5.69 million, making Netflix about 3.7% of its investment portfolio.
• Several institutional investors have significantly increased their stakes in Netflix, with GAMMA Investing LLC raising its position by over 109,524% to almost 8.84 million shares worth over $8.23 billion.
• Netflix reported a 12-month revenue increase of 15.9%, reaching $11.08 billion for the quarter, with an EPS of $7.19 that exceeded analysts' expectations.

Nightview Capital LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,101 shares of the Internet television network's stock, valued at approximately $5,689,000. Netflix makes up approximately 3.7% of Nightview Capital LLC's investment portfolio, making the stock its 10th largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position 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 worth $8,239,576,000 after buying an additional 8,827,662 shares during the last quarter. Nuveen LLC acquired a new position in Netflix in the first quarter worth approximately $2,385,585,000. Goldman Sachs Group Inc. grew its position 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 worth $3,164,134,000 after buying an additional 1,236,251 shares during the last quarter. Amundi grew its position in Netflix by 37.7% in the first quarter. Amundi now owns 2,070,221 shares of the Internet television network's stock worth $1,898,496,000 after buying an additional 567,251 shares during the last quarter. Finally, Vanguard Group Inc. grew its position 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 buying an additional 509,255 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Netflix Trading Up 2.6%

Netflix stock opened at $1,257.48 on Friday. The company's fifty day simple moving average is $1,226.94 and its 200-day simple moving average is $1,122.36. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 12 month low of $660.80 and a 12 month high of $1,341.15. The stock has a market cap of $534.34 billion, a P/E ratio of 53.58, a P/E/G ratio of 2.06 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly 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 business had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. During the same period in the previous year, the company posted $4.88 EPS. Netflix's 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. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following the completion of the sale, the chief financial officer owned 3,691 shares of the company's stock, valued at approximately $4,457,842.16. The trade was a 41.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Reed Hastings sold 25,959 shares of Netflix stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the completion of the sale, the director directly owned 394 shares of the company's stock, valued at approximately $475,837.74. The trade was a 98.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock worth $109,498,489 in the last 90 days. 1.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent research reports. UBS Group restated a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. BMO Capital Markets restated an "outperform" rating and issued a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Oppenheimer lifted their price target on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research report on Thursday, June 12th. Needham & Company LLC restated a "buy" rating and issued a $1,500.00 price target on shares of Netflix in a research report on Friday, July 18th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Netflix presently has an average rating of "Moderate Buy" and a consensus target price of $1,317.58.

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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