Empowered Funds LLC Raises Holdings in Netflix, Inc. $NFLX

Key Points

• Empowered Funds LLC has increased its stake in Netflix, Inc. by 7.6%, now owning 19,461 shares valued at approximately $18.1 million.
• Insider transactions included a significant sale by director Reed Hastings, who sold 25,959 shares for approximately $31.35 million, reducing his ownership by 98.5%.
• Netflix reported $11.08 billion in revenue for the last quarter, a 15.9% year-over-year increase, with $7.19 EPS, beating analyst estimates.

Empowered Funds LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,461 shares of the Internet television network's stock after buying an additional 1,375 shares during the quarter. Empowered Funds LLC's holdings in Netflix were worth $18,148,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. MBB Public Markets I LLC purchased a new position in Netflix during the first quarter worth approximately $324,000. Ascent Group LLC boosted its position in Netflix by 34.8% during the first quarter. Ascent Group LLC now owns 6,860 shares of the Internet television network's stock worth $6,397,000 after purchasing an additional 1,771 shares in the last quarter. Caxton Associates LLP purchased a new position in Netflix during the first quarter worth approximately $30,035,000. Signature Estate & Investment Advisors LLC lifted its position in shares of Netflix by 9.4% in the first quarter. Signature Estate & Investment Advisors LLC now owns 615 shares of the Internet television network's stock valued at $574,000 after acquiring an additional 53 shares in the last quarter. Finally, Fred Alger Management LLC lifted its position in shares of Netflix by 5.9% in the first quarter. Fred Alger Management LLC now owns 484,409 shares of the Internet television network's stock valued at $451,726,000 after acquiring an additional 26,773 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Buying and Selling

In other Netflix news, Director Reed Hastings sold 25,959 shares of Netflix stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the sale, the director owned 394 shares in the company, valued at $475,837.74. The trade was a 98.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at $4,457,842.16. This represents a 41.33% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,348 shares of company stock valued at $109,498,489. 1.37% of the stock is currently owned by company insiders.

Netflix Price Performance

NASDAQ:NFLX opened at $1,244.76 on Tuesday. Netflix, Inc. has a 52 week low of $660.80 and a 52 week high of $1,341.15. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $528.93 billion, a P/E ratio of 53.04, a P/E/G ratio of 2.09 and a beta of 1.60. The stock's fifty day moving average is $1,223.47 and its two-hundred day moving average is $1,126.74.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company 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 earnings per share. The company's revenue for the quarter was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NFLX shares. Pivotal Research restated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. The Goldman Sachs Group raised their target price on Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. BMO Capital Markets reiterated an "outperform" rating and set a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Bank of America lifted their price objective on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Finally, JPMorgan Chase & Co. lifted their price objective on Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,317.58.

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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