LGT Fund Management Co Ltd. Purchases 1,135 Shares of Netflix, Inc. $NFLX

Key Points

• LGT Fund Management Co Ltd. significantly increased its stake in Netflix, acquiring an additional 1,135 shares for a total of 1,595 shares, representing a 246.7% growth during the 2nd quarter.
• Netflix's upcoming earnings guidance for FY 2025 is set at EPS of 6.870, while analysts predict a total EPS of 24.58 for the current year.
• Insider trading revealed that Director Reed Hastings sold 42,176 shares at an average price of $1,171.92, marking a significant reduction in his ownership by 99.07%.

LGT Fund Management Co Ltd. grew its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 246.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,595 shares of the Internet television network's stock after buying an additional 1,135 shares during the quarter. LGT Fund Management Co Ltd.'s holdings in Netflix were worth $2,136,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Resurgent Financial Advisors LLC grew its stake in Netflix by 234.4% during the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock worth $942,000 after buying an additional 708 shares during the last quarter. MRA Advisory Group grew its stake in Netflix by 28.4% during the second quarter. MRA Advisory Group now owns 919 shares of the Internet television network's stock worth $1,231,000 after buying an additional 203 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Netflix by 42.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock worth $412,059,000 after buying an additional 130,946 shares during the last quarter. McGlone Suttner Wealth Management Inc. lifted its position in shares of Netflix by 1.4% during the second quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network's stock worth $1,324,000 after purchasing an additional 14 shares in the last quarter. Finally, New England Research & Management Inc. lifted its position in shares of Netflix by 148.5% during the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after purchasing an additional 1,268 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Netflix

In related news, Director Reed Hastings sold 42,176 shares of the firm's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the sale, the director directly owned 394 shares in the company, valued at $461,736.48. This trade represents a 99.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $2,351,416.12. Following the sale, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock valued at $122,710,980 over the last quarter. 1.37% of the stock is currently owned by corporate insiders.

Netflix Trading Down 0.8%

NFLX opened at $1,153.32 on Friday. The firm's fifty day moving average is $1,207.36 and its two-hundred day moving average is $1,158.96. 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 firm has a market cap of $490.08 billion, a PE ratio of 49.14, a price-to-earnings-growth ratio of 1.96 and a beta of 1.59. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. The company 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 revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the business 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 anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on NFLX shares. KeyCorp upped their target price on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Robert W. Baird upped their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Phillip Securities lowered shares of Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. BMO Capital Markets reiterated an "outperform" rating and set a $1,425.00 target price (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. upped 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. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,335.00.

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.

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