Connective Capital Management LLC Acquires Shares of 1,731 Netflix, Inc. $NFLX

Key Points

• Connective Capital Management LLC has acquired 1,731 shares of Netflix, Inc., valued at approximately $1,614,000, making it 1.5% of their total holdings.
• Netflix's stock opened at $1,204.65 with a market capitalization of $511.89 billion, having a 52-week high of $1,341.15 and a low of $660.80.
• Insider trading reports indicate significant sales by executives, with CEO Gregory K. Peters selling 2,026 shares for about $2.34 million.

Connective Capital Management LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 1,731 shares of the Internet television network's stock, valued at approximately $1,614,000. Netflix makes up 1.5% of Connective Capital Management LLC's holdings, making the stock its 19th largest position.

Several other hedge funds have also recently added to or reduced their stakes in NFLX. 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 worth $8,239,576,000 after buying an additional 8,827,662 shares in the last quarter. Nuveen LLC acquired a new stake in Netflix in the 1st quarter valued at about $2,385,585,000. Goldman Sachs Group Inc. lifted its stake in 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 worth $3,164,134,000 after purchasing an additional 1,236,251 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Netflix by 14.3% during the 4th quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock worth $4,076,903,000 after purchasing an additional 570,674 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Netflix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after purchasing an additional 509,255 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Down 0.1%

NASDAQ:NFLX opened at $1,204.65 on Monday. Netflix, Inc. has a 52 week low of $660.80 and a 52 week high of $1,341.15. The stock's fifty day moving average is $1,231.41 and its two-hundred day moving average is $1,111.65. The stock has a market capitalization of $511.89 billion, a price-to-earnings ratio of 51.33, a price-to-earnings-growth ratio of 2.03 and a beta of 1.59. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last posted 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. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the previous year, the business earned $4.88 EPS. The company's quarterly revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In other news, insider Cletus R. Willems sold 238 shares of the firm's stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 146,307 shares of company stock valued at $179,443,809. Corporate insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Phillip Securities cut Netflix from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. Needham & Company LLC reiterated a "buy" rating and set a $1,500.00 price target on shares of Netflix in a report on Friday, July 18th. Citigroup reissued a "neutral" rating and set a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. 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 research report on Friday, July 18th. Finally, 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 report on Tuesday, July 15th. One investment 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,297.66.

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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