Focus Partners Wealth Has $56.57 Million Stake in Netflix, Inc. $NFLX

Key Points

• Focus Partners Wealth increased its stake in Netflix by 17.2%, acquiring 8,957 shares to own a total of 60,950 shares valued at $56.57 million.
• Several analysts raised their price targets for Netflix, with Oppenheimer increasing it from $1,200 to $1,425 and Wedbush issuing a new target of $1,500.
• Netflix reported a quarterly earnings per share of $7.19, beating estimates and recording a revenue rise of 15.9% compared to the previous year.

Focus Partners Wealth boosted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 17.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,950 shares of the Internet television network's stock after buying an additional 8,957 shares during the quarter. Focus Partners Wealth's holdings in Netflix were worth $56,573,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Resurgent Financial Advisors LLC boosted its stake in Netflix by 234.4% in the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock valued at $942,000 after buying an additional 708 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Netflix by 42.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock valued at $412,059,000 after buying an additional 130,946 shares in the last quarter. PharVision Advisers LLC bought a new position in Netflix in the 4th quarter valued at $873,000. New England Research & Management Inc. raised its position in Netflix by 148.5% in the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock valued at $1,979,000 after purchasing an additional 1,268 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in Netflix by 12.3% in the 1st quarter. NewEdge Advisors LLC now owns 52,760 shares of the Internet television network's stock valued at $49,201,000 after purchasing an additional 5,776 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research analyst reports. 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. Loop Capital reiterated a "hold" rating on shares of Netflix in a report on Tuesday, July 15th. The Goldman Sachs Group boosted their target price on Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Finally, Morgan Stanley reiterated an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,317.58.

Insider Buying and Selling

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the sale, the chief executive officer owned 15,168 shares of the company's stock, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were 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 directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock worth $109,498,489 in the last quarter. Insiders own 1.37% of the company's stock.

Netflix Price Performance

Netflix stock traded down $15.06 during mid-day trading on Friday, reaching $1,188.44. 3,778,934 shares of the company were exchanged, compared to its average volume of 2,525,736. The company has a fifty day simple moving average of $1,218.15 and a 200-day simple moving average of $1,131.45. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market cap of $505.00 billion, a PE ratio of 50.64, a PEG ratio of 2.03 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping 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 firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter last year, the company earned $4.88 EPS. The company's revenue 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. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.