Betterment LLC Invests $209,000 in Netflix, Inc. $NFLX

Key Points

• Betterment LLC invested approximately $209,000 in Netflix by purchasing 224 shares, marking a notable addition to its portfolio.
• Several institutional investors made significant moves, including Benchstone Capital Management acquiring a stake worth $60 million, resulting in over 80% of Netflix's stock being held by institutional investors.
• Netflix's stock recently traded up to $1,214.11, with a consensus rating of "Moderate Buy" from analysts and a consensus price target of $1,297.66.

Betterment LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 224 shares of the Internet television network's stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Benchstone Capital Management LP purchased a new stake in Netflix in the first quarter worth $60,167,000. Cyrus J. Lawrence LLC lifted its stake in Netflix by 2,880.0% in the first quarter. Cyrus J. Lawrence LLC now owns 447 shares of the Internet television network's stock worth $416,000 after acquiring an additional 432 shares during the period. Cura Wealth Advisors LLC bought a new stake in Netflix during the 1st quarter valued at approximately $210,000. Ewing Morris & Co. Investment Partners Ltd. bought a new stake in Netflix during the 1st quarter valued at approximately $380,000. Finally, Quarry LP boosted its position in Netflix by 33.3% during the 1st quarter. Quarry LP now owns 308 shares of the Internet television network's stock valued at $287,000 after acquiring an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on NFLX shares. Citigroup reaffirmed a "neutral" rating and set a $1,250.00 price objective (up from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. Seaport Res Ptn cut Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 6th. Piper Sandler lifted their price objective 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. Finally, Wall Street Zen cut Netflix from a "buy" rating to a "hold" rating in a research report on Saturday. One 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,297.66.

Netflix Stock Up 0.5%

NFLX stock traded up $5.86 during midday trading on Tuesday, hitting $1,214.11. The company's stock had a trading volume of 2,297,479 shares, compared to its average volume of 2,584,598. The company has a market cap of $515.91 billion, a PE ratio of 51.73, a P/E/G ratio of 2.03 and a beta of 1.60. Netflix, Inc. has a 12 month low of $660.80 and a 12 month high of $1,341.15. 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's 50-day moving average is $1,228.91 and its 200-day moving average is $1,120.25.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm's quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm 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 fiscal year.

Insiders Place Their Bets

In related news, Director Jay C. Hoag sold 31,750 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the transaction, the director directly owned 63,040 shares of the company's stock, valued at approximately $78,948,144. This represents a 33.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Reed Hastings sold 22,765 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $1,162.46, for a total transaction of $26,463,401.90. Following the sale, the director owned 394 shares of the company's stock, valued at approximately $458,009.24. This represents a 98.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,629 shares of company stock worth $116,131,982 in the last three months. Corporate insiders own 1.37% of the company's stock.

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.