Allspring Global Investments Holdings LLC Grows Stock Holdings in Netflix, Inc. $NFLX

Key Points

• Allspring Global Investments Holdings LLC increased its stake in Netflix, Inc. by 48.4% during the 2nd quarter, owning a total of 278,733 shares valued at approximately $360.57 million.
• Major investors including Goldman Sachs and Vanguard Group have also significantly increased their holdings in Netflix, highlighting a trend of institutional investment with 80.93% of the stock owned by institutional investors.
• Netflix recently reported an EPS of $7.19, surpassing estimates, with a revenue of $11.08 billion for the quarter, marking a 15.9% year-over-year increase.

Allspring Global Investments Holdings LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 48.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 278,733 shares of the Internet television network's stock after acquiring an additional 90,888 shares during the period. Netflix comprises 0.6% of Allspring Global Investments Holdings LLC's holdings, making the stock its 25th biggest position. Allspring Global Investments Holdings LLC owned about 0.07% of Netflix worth $360,569,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NFLX. Nuveen LLC acquired a new position in shares of Netflix in the 1st quarter valued at $2,385,585,000. Kingstone Capital Partners Texas LLC lifted its stake in shares of Netflix by 343,058.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network's stock valued at $3,299,450,000 after purchasing an additional 2,463,158 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Netflix by 57.3% in the 1st 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 purchasing an additional 1,236,251 shares during the period. Amundi lifted its stake in shares of Netflix by 37.7% in the 1st quarter. Amundi now owns 2,070,221 shares of the Internet television network's stock valued at $1,898,496,000 after purchasing an additional 567,251 shares during the period. Finally, Vanguard Group Inc. lifted its stake 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 purchasing an additional 509,255 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,220.08 on Monday. The company has a fifty day moving average of $1,210.84 and a two-hundred day moving average of $1,169.80. The stock has a market capitalization of $518.45 billion, a PE ratio of 51.98, a P/E/G ratio of 2.05 and a beta of 1.59. 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 fifty-two week low of $677.88 and a fifty-two week high of $1,341.15.

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 analysts' consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business 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 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Cletus R. Willems sold 238 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the sale, the chief executive officer owned 15,168 shares of the company's stock, valued at $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. Over the last three months, insiders sold 104,100 shares of company stock valued at $122,710,980. Corporate insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NFLX. Sanford C. Bernstein boosted their target price on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. BMO Capital Markets reiterated an "outperform" rating and issued a $1,425.00 target price (up from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Canaccord Genuity Group reiterated a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Needham & Company LLC restated a "buy" rating and set a $1,500.00 price objective on shares of Netflix in a research report on Wednesday, September 10th. Finally, JPMorgan Chase & Co. upped their price objective 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. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,337.63.

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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