IFM Investors Pty Ltd Boosts Holdings in Netflix, Inc. $NFLX

Key Points

• IFM Investors Pty Ltd increased its holdings in Netflix by 4.3%, owning a total of 82,889 shares worth $110.99 million, making it one of the significant institutional investors in the company.
• Netflix's stock performance remains robust, with a market cap of $513.22 billion and a 52-week high of $1,341.15, while the company also reported strong earnings with a $7.19 EPS for the recent quarter.
• Several other institutional investors, including Vanguard Group Inc. and Price T Rowe Associates Inc., have also increased their Netflix stakes, indicating continued confidence in the company's growth potential.

IFM Investors Pty Ltd boosted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,889 shares of the Internet television network's stock after buying an additional 3,439 shares during the quarter. Netflix makes up approximately 1.1% of IFM Investors Pty Ltd's investment portfolio, making the stock its 14th largest position. IFM Investors Pty Ltd's holdings in Netflix were worth $110,999,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Netflix by 1.4% in the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after purchasing an additional 509,255 shares during the period. Price T Rowe Associates Inc. MD raised its holdings 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 lifted its holdings in Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after buying an additional 8,827,662 shares during the period. Alliancebernstein L.P. grew its stake in Netflix by 1.0% in the first quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network's stock worth $4,844,436,000 after purchasing an additional 53,611 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Netflix by 8.3% in the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock worth $4,350,083,000 after buying an additional 356,617 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Trading Up 1.6%

Netflix stock traded up $19.19 during trading hours on Friday, hitting $1,226.97. The stock had a trading volume of 4,943,369 shares, compared to its average volume of 2,658,717. The stock has a market cap of $521.37 billion, a price-to-earnings ratio of 52.28, a P/E/G ratio of 2.07 and a beta of 1.60. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The business's 50 day simple moving average is $1,212.49 and its 200-day simple moving average is $1,140.66.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the firm earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NFLX shares. Morgan Stanley reissued an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. Wells Fargo & Company raised their target price on Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. The Goldman Sachs Group boosted their target price on Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Jefferies Financial Group reiterated a "buy" rating on shares of Netflix in a research report on Thursday, September 11th. Finally, Rosenblatt Securities lifted their target price on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a report on Friday, July 18th. One research 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $1,328.87.

Insider Buying and Selling

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the sale, the chief financial officer directly owned 3,691 shares in the company, valued at $4,290,418.40. This represents a 41.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 transaction, the chief executive officer 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 valued at $109,498,489 in the last 90 days. 1.37% of the stock is owned by insiders.

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.