Evergreen Private Wealth LLC Has $10.75 Million Holdings in Netflix, Inc. $NFLX

Key Points

• Evergreen Private Wealth LLC has reduced its stake in Netflix by 8.5%, now holding 8,028 shares valued at approximately $10.75 million, making it the firm's largest investment.
• Several institutional investors, including Vanguard Group Inc. and GAMMA Investing LLC, have increased their stakes in Netflix, indicating strong institutional interest in the company.
• Netflix reported a quarterly EPS of $7.19, exceeding analysts' expectations, with revenue of $11.08 billion, up 15.9% year-over-year.

Evergreen Private Wealth LLC lowered its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,028 shares of the Internet television network's stock after selling 745 shares during the period. Netflix makes up approximately 4.5% of Evergreen Private Wealth LLC's investment portfolio, making the stock its biggest holding. Evergreen Private Wealth LLC's holdings in Netflix were worth $10,750,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NFLX. Vanguard Group Inc. raised its stake in shares of Netflix by 1.4% during 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 acquiring an additional 509,255 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Netflix by 2.7% during 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 acquiring an additional 304,399 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Netflix by 109,524.3% during 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 acquiring an additional 8,827,662 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Netflix by 1.0% during 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 acquiring an additional 53,611 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Netflix by 8.3% during 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 acquiring an additional 356,617 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Netflix Price Performance

NASDAQ NFLX opened at $1,208.24 on Friday. The firm's fifty day simple moving average is $1,208.72 and its two-hundred day simple moving average is $1,147.93. 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 12-month low of $677.88 and a 12-month high of $1,341.15. The firm has a market capitalization of $513.42 billion, a P/E ratio of 51.48, a P/E/G ratio of 2.03 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business'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 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NFLX. Phillip Securities downgraded shares of Netflix from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. UBS Group reaffirmed a "market underperform" rating on shares of Netflix in a research note on Saturday, July 19th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Netflix in a research note on Monday, July 21st. Citigroup reaffirmed a "neutral" rating and set a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Finally, The Goldman Sachs Group lifted their price objective on shares of Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,328.87.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer owned 12,781 shares of the company's stock, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Reed Hastings sold 25,959 shares of the firm's stock in a transaction dated 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 completion of the sale, the director directly owned 394 shares of the company's stock, valued at approximately $475,837.74. This represents a 98.50% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,728 shares of company stock valued at $108,700,648. 1.37% of the stock is currently owned by corporate insiders.

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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