Generate Investment Management Ltd Purchases 320 Shares of Netflix, Inc. $NFLX

Key Points

• Generate Investment Management Ltd increased its stake in Netflix, purchasing 320 shares, which brought its total holdings to 29,496 shares valued at approximately $39.5 million.
• Insider transactions saw CEO Gregory K. Peters and Theodore A. Sarandos selling shares on the same day, decreasing their ownership by 13.68% and 11.78%, respectively.
• Netflix's stock currently holds an average rating of "Moderate Buy" among analysts, with an average target price of $1,328.87.

Generate Investment Management Ltd raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,496 shares of the Internet television network's stock after purchasing an additional 320 shares during the period. Netflix accounts for approximately 2.2% of Generate Investment Management Ltd's holdings, making the stock its 11th biggest holding. Generate Investment Management Ltd's holdings in Netflix were worth $39,499,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Brighton Jones LLC grew its holdings in Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after acquiring an additional 257 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after purchasing an additional 144 shares during the last quarter. AdvisorNet Financial Inc boosted its position in shares of Netflix by 7.0% in the 1st quarter. AdvisorNet Financial Inc now owns 1,073 shares of the Internet television network's stock worth $1,001,000 after purchasing an additional 70 shares during the last quarter. BTC Capital Management Inc. acquired a new stake in shares of Netflix during the first quarter worth $523,000. Finally, Cerro Pacific Wealth Advisors LLC increased its holdings in Netflix by 3.9% in the first quarter. Cerro Pacific Wealth Advisors LLC now owns 1,009 shares of the Internet television network's stock valued at $899,000 after purchasing an additional 38 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Transactions at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of Netflix 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 sale, the chief executive officer owned 12,781 shares of the company's stock, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction dated 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 in the company, valued at $17,604,284.16. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 88,728 shares of company stock worth $108,700,648. 1.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NFLX. Pivotal Research restated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Seaport Res Ptn lowered shares of Netflix from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 6th. Zacks Research cut shares of Netflix from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. UBS Group reaffirmed a "market underperform" rating on shares of Netflix in a research note on Saturday, July 19th. Finally, Sanford C. Bernstein lifted their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,328.87.

Netflix Stock Up 0.2%

NASDAQ:NFLX opened at $1,210.61 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market cap of $514.42 billion, a PE ratio of 51.58, a PEG ratio of 2.04 and a beta of 1.60. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The stock has a 50-day simple moving average of $1,208.75 and a 200 day simple moving average of $1,153.53.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly 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 firm had revenue of $11.08 billion during 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 revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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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