Netflix, Inc. $NFLX Shares Purchased by Ieq Capital LLC

Key Points

• Ieq Capital LLC increased its holdings in Netflix, acquiring an additional 2,592 shares, bringing its total to 58,786 shares valued at $54.82 million.
• Several large investors, including Resurgent Financial Advisors and BNP PARIBAS ASSET MANAGEMENT, have significantly raised their stakes in Netflix recently, with institutional investors now owning 80.93% of the stock.
• Brokerages have varying price targets for Netflix, with Goldman Sachs raising its target to $1,140 and Needham & Company setting a target of $1,500, indicating a strong confidence in the company's market performance.

Ieq Capital LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,786 shares of the Internet television network's stock after purchasing an additional 2,592 shares during the period. Ieq Capital LLC's holdings in Netflix were worth $54,820,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Resurgent Financial Advisors LLC lifted its stake in shares of Netflix by 234.4% in the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock valued at $942,000 after purchasing an additional 708 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Netflix by 42.1% in the first 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 purchasing an additional 130,946 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Netflix by 8.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock valued at $1,227,468,000 after purchasing an additional 110,432 shares during the period. PharVision Advisers LLC acquired a new stake in shares of Netflix in the fourth quarter valued at about $873,000. Finally, New England Research & Management Inc. lifted its stake in shares of Netflix by 148.5% in the first 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 period. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Transactions at Netflix

In related news, insider Cletus R. Willems sold 238 shares of the business'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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Hyman sold 424 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the sale, the insider owned 31,610 shares of the company's stock, valued at approximately $36,625,558.70. The trade was a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 123,163 shares of company stock valued at $151,917,174 in the last quarter. Insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NFLX shares. The Goldman Sachs Group lifted their target price on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. lifted their target price on shares of Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. UBS Group restated a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. Phillip Securities cut shares of Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. Finally, Morgan Stanley restated an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,297.66.

Netflix Trading Up 0.6%

Shares of NASDAQ NFLX traded up $7.95 during midday trading on Thursday, reaching $1,231.45. 1,948,125 shares of the stock were exchanged, compared to its average volume of 2,819,021. The company has a market capitalization of $523.28 billion, a P/E ratio of 52.47, a P/E/G ratio of 2.06 and a beta of 1.59. Netflix, Inc. has a 52-week low of $660.80 and a 52-week high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average price of $1,231.58 and a 200-day moving average price of $1,116.03.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous 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. Equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share 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.