Netflix, Inc. $NFLX Stock Holdings Increased by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC increased its stake in Netflix, purchasing an additional 21,267 shares, bringing its total holdings to 283,596 shares, valued at approximately $258.34 million.
• Netflix's stock is currently trading at approximately $1,214.11, with a market capitalization of $515.91 billion and a price-to-earnings (PE) ratio of 51.73.
• The company reported earnings per share (EPS) of $7.19, beating estimates, and a 15.9% year-over-year increase in revenue, totaling $11.08 billion.

AQR Capital Management LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 283,596 shares of the Internet television network's stock after buying an additional 21,267 shares during the period. AQR Capital Management LLC owned 0.07% of Netflix worth $258,337,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC raised its holdings in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix in the fourth quarter valued at approximately $27,000. Copia Wealth Management acquired a new stake in Netflix during the fourth quarter worth approximately $37,000. Stuart Chaussee & Associates Inc. boosted its position in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring an additional 45 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Netflix in the 1st quarter valued at $42,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,290,418.40. The trade was a 41.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the sale, the chief executive officer owned 15,168 shares in the company, 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 90 days, insiders sold 89,348 shares of company stock valued at $109,498,489. Company insiders own 1.37% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on NFLX shares. Oppenheimer raised their target price on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. Needham & Company LLC reaffirmed a "buy" rating and set a $1,500.00 price target on shares of Netflix in a research note on Friday, July 18th. Robert W. Baird lifted their price target on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. TD Cowen raised their price objective on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Finally, Wells Fargo & Company raised their price objective on shares of Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,317.58.

Netflix Stock Performance

Netflix stock traded down $13.66 during midday trading on Friday, reaching $1,243.82. 2,378,410 shares of the stock traded hands, compared to its average volume of 2,541,951. 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 fifty day moving average price of $1,225.36 and a two-hundred day moving average price of $1,123.79. The firm has a market cap of $528.53 billion, a price-to-earnings ratio of 53.00, a PEG ratio of 2.12 and a beta of 1.60. Netflix, Inc. has a fifty-two week low of $660.80 and a fifty-two week high of $1,341.15.

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 (EPS) for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. Netflix's revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share 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.