Kingstone Capital Partners Texas LLC Boosts Holdings in Netflix, Inc. $NFLX

Key Points

• Kingstone Capital Partners Texas LLC significantly increased its holdings in Netflix, buying over 2.4 million shares, representing a colossal boost of 343,058.2%.
• Insider trading activity saw the CFO, Spencer Adam Neumann, and Director Reed Hastings sell a combined total of 28,560 shares, indicating a reduction in their ownership stakes.
• Netflix's stock has experienced a decline of 1.7% and its latest quarterly earnings report showed EPS of $7.19, surpassing expectations of $7.07.

Kingstone Capital Partners Texas LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 343,058.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,463,876 shares of the Internet television network's stock after acquiring an additional 2,463,158 shares during the quarter. Kingstone Capital Partners Texas LLC owned 0.58% of Netflix worth $3,299,450,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NFLX. GAMMA Investing LLC increased its position in Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after buying an additional 8,827,662 shares in the last quarter. Nuveen LLC purchased a new position in Netflix during the first quarter worth approximately $2,385,585,000. Goldman Sachs Group Inc. boosted its position in Netflix by 57.3% during the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock worth $3,164,134,000 after purchasing an additional 1,236,251 shares in the last quarter. Amundi boosted its position in Netflix by 37.7% during the first quarter. Amundi now owns 2,070,221 shares of the Internet television network's stock worth $1,898,496,000 after purchasing an additional 567,251 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings 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 during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Performance

Shares of NFLX traded down $2.62 during midday trading on Monday, reaching $1,224.35. The stock had a trading volume of 1,478,326 shares, compared to its average volume of 3,989,226. The firm has a 50 day simple moving average of $1,212.49 and a 200-day simple moving average of $1,142.30. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The firm has a market cap of $520.26 billion, a PE ratio of 52.18, a P/E/G ratio of 2.07 and a beta of 1.60. 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 (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate 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%. Netflix's revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous 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. As a group, sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity

In other news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction dated 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 owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at approximately $4,457,842.16. The trade was a 41.33% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,348 shares of company stock worth $109,498,489. Company insiders own 1.37% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Seaport Res Ptn cut Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. BMO Capital Markets reiterated an "outperform" rating and issued a $1,425.00 target price (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Pivotal Research reiterated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Wedbush reiterated an "outperform" rating and set a $1,500.00 target price (up previously from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Finally, Canaccord Genuity Group restated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $1,328.87.

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.