Appleton Partners Inc. MA Has $22.67 Million Stock Position in Netflix, Inc. $NFLX

Key Points

• Appleton Partners Inc. MA has reduced its Netflix holdings by 3.9%, now owning 16,926 shares valued at approximately $22.67 million, making Netflix 1.6% of its portfolio.
• Multiple institutional investors, including Vanguard Group and Price T Rowe Associates, have increased their stakes in Netflix recently, demonstrating continuing confidence in the company.
• Analysts have set a new average price target of $1,335 for Netflix, with varied ratings that include one "Strong Buy," twenty-four "Buy," nine "Hold," and three "Sell" ratings.

Appleton Partners Inc. MA trimmed its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,926 shares of the Internet television network's stock after selling 693 shares during the quarter. Netflix makes up 1.6% of Appleton Partners Inc. MA's portfolio, making the stock its 15th biggest position. Appleton Partners Inc. MA's holdings in Netflix were worth $22,666,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Netflix by 1.4% during 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. Price T Rowe Associates Inc. MD boosted its holdings in 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 worth $10,940,505,000 after buying an additional 304,399 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Netflix by 1.0% during the first quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network's stock worth $4,844,436,000 after buying an additional 53,611 shares during the last quarter. Invesco Ltd. boosted its holdings in Netflix by 8.3% during the first quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock worth $4,350,083,000 after buying an additional 356,617 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in 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 worth $4,089,765,000 after buying an additional 148,675 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Phillip Securities cut Netflix from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. Pivotal Research reiterated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Sanford C. Bernstein lifted their price objective on Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Finally, Robert W. Baird lifted their price objective on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $1,335.00.

Insiders Place Their Bets

In related news, Director Reed Hastings sold 42,176 shares of the business's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the sale, the director directly owned 394 shares in the company, valued at $461,736.48. The trade was a 99.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Cletus R. Willems sold 238 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock worth $122,710,980 over the last three months. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Down 0.8%

NFLX stock opened at $1,153.32 on Monday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $490.08 billion, a PE ratio of 49.14, a PEG ratio of 1.94 and a beta of 1.59. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15. The business's 50 day simple moving average is $1,207.36 and its 200 day simple moving average is $1,161.81.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts' consensus estimates 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 firm's revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current 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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