900 Shares in Netflix, Inc. $NFLX Bought by Connective Portfolio Management LLC

Key Points

• Connective Portfolio Management LLC purchased 900 shares of Netflix, Inc., valued at approximately $1,205,000, making it 2.6% of their portfolio.
• Several institutional investors, including Vanguard Group and Price T Rowe Associates, significantly increased their positions in Netflix in the first quarter, collectively owning over 80% of the company's stock.
• Analysts have set a consensus target price of $1,317.58 for Netflix shares, with multiple agencies adjusting their price targets upwards, reflecting positive sentiment in the market.

Connective Portfolio Management LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 900 shares of the Internet television network's stock, valued at approximately $1,205,000. Netflix comprises approximately 2.6% of Connective Portfolio Management LLC's portfolio, making the stock its 17th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Netflix by 1.4% in the 1st 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 last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Netflix by 2.7% in the 1st 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 buying an additional 304,399 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Netflix by 109,524.3% in the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after buying an additional 8,827,662 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Netflix by 1.0% in the 1st quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network's stock valued at $4,844,436,000 after buying an additional 53,611 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Netflix by 8.3% in the 1st 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 during the last quarter. Institutional investors own 80.93% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on NFLX shares. BMO Capital Markets reiterated 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. Piper Sandler upped their price target on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. upped their price target on Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. Needham & Company LLC restated a "buy" rating and set a $1,500.00 target price on shares of Netflix in a research report on Wednesday, September 10th. Finally, KeyCorp upped their target price on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. One investment 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 issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,317.58.

Insider Transactions at Netflix

In other news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the sale, the chief executive officer directly owned 15,168 shares of the company's stock, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 89,348 shares of company stock worth $109,498,489 in the last three months. Insiders own 1.37% of the company's stock.

Netflix Stock Up 1.2%

Shares of NASDAQ:NFLX opened at $1,202.26 on Tuesday. The business's 50 day simple moving average is $1,216.40 and its two-hundred day simple moving average is $1,135.17. The firm has a market cap of $510.88 billion, a P/E ratio of 51.23, a PEG ratio of 2.00 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. The business 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%.The company's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, research analysts forecast 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.

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