Netflix, Inc. $NFLX Stock Holdings Boosted by Concorde Asset Management LLC

Key Points

• Concorde Asset Management LLC increased its holdings in Netflix by 28.3%, acquiring 209 additional shares, bringing its total to 947 shares valued at approximately $895,000.
• Institutional investors hold around 80.93% of Netflix's shares, with notable increases from firms like Vanguard and GAMMA Investing.
• Netflix reported earnings of $7.19 per share and revenue of $11.08 billion for the recent quarter, surpassing analyst expectations and reflecting a 15.9% year-over-year revenue growth.

Concorde Asset Management LLC grew its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 28.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 947 shares of the Internet television network's stock after acquiring an additional 209 shares during the period. Netflix comprises 0.5% of Concorde Asset Management LLC's portfolio, making the stock its 26th largest holding. Concorde Asset Management LLC's holdings in Netflix were worth $895,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in NFLX. Vanguard Group Inc. lifted its stake in shares of Netflix by 1.4% in the first 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. Price T Rowe Associates Inc. MD lifted its stake in shares of Netflix by 2.7% in the first 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 purchasing an additional 304,399 shares during the period. GAMMA Investing LLC lifted its stake in shares of Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after purchasing an additional 8,827,662 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Netflix by 1.0% in the first quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network's stock valued at $4,844,436,000 after purchasing an additional 53,611 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Netflix by 8.3% in the first quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock valued at $4,350,083,000 after purchasing an additional 356,617 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on NFLX shares. Rosenblatt Securities raised their price objective on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Wells Fargo & Company lifted their target price on shares of Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Citigroup restated a "neutral" rating and set a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Morgan Stanley restated an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. Finally, Jefferies Financial Group restated a "buy" rating on shares of Netflix in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,317.58.

Netflix Trading Down 1.1%

NFLX traded down $13.66 during trading on Friday, hitting $1,243.82. 2,378,410 shares of the company's stock were exchanged, compared to its average volume of 2,541,951. The firm has a market cap of $528.54 billion, a P/E ratio of 53.00, a price-to-earnings-growth ratio of 2.09 and a beta of 1.60. The stock has a 50 day moving average price of $1,225.36 and a 200 day moving average price of $1,124.35. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 1 year low of $660.80 and a 1 year 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 earnings per share for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion for 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 firm's revenue was up 15.9% compared to the same quarter last year. During the same period 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, analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, insider David A. Hyman sold 424 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the sale, the insider directly owned 31,610 shares of the company's stock, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 2,600 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,457,842.16. This represents a 41.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,348 shares of company stock valued at $109,498,489 in the last ninety days. 1.37% of the stock is owned by insiders.

About Netflix

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.