Netflix, Inc. $NFLX Position Raised by Maverick Capital Ltd.

Key Points

• Maverick Capital Ltd. increased its holdings in Netflix by 12.7% in Q1, owning 58,329 shares valued at $54.39 million at the end of the quarter.
• Institutional investors now hold 80.93% of Netflix's stock, with significant increases by Resurgent Financial Advisors and BNP PARIBAS ASSET MANAGEMENT during the same period.
• Netflix's stock is rated as a Moderate Buy by analysts, with an average target price of $1,297.66 following strong earnings that exceeded estimates.

Maverick Capital Ltd. lifted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 12.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,329 shares of the Internet television network's stock after buying an additional 6,574 shares during the period. Maverick Capital Ltd.'s holdings in Netflix were worth $54,394,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC boosted its holdings in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after acquiring an additional 13 shares during the period. Brown Shipley& Co Ltd purchased a new position in shares of Netflix in the fourth quarter valued at $27,000. Copia Wealth Management purchased a new position in shares of Netflix in the fourth quarter valued at $37,000. Stuart Chaussee & Associates Inc. boosted its stake in shares of Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after purchasing an additional 45 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in Netflix in the 1st quarter valued at about $42,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NFLX. JPMorgan Chase & Co. upped their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. Bank of America increased their price target on Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a report on Friday, May 30th. Barclays reissued a "sell" rating and issued a $1,100.00 price target (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. BMO Capital Markets reissued an "outperform" rating and issued a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Finally, Citigroup reiterated a "neutral" rating and set a $1,250.00 target price (up from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and an average target price of $1,297.66.

Insider Transactions at Netflix

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the firm's 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 transaction, the chief executive officer owned 12,781 shares of the company's stock, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 93,629 shares of company stock valued at $116,131,982 over the last ninety days. Insiders own 1.37% of the company's stock.

Netflix Stock Performance

NFLX traded up $5.86 during trading hours on Tuesday, hitting $1,214.11. 2,297,479 shares of the stock were exchanged, compared to its average volume of 2,584,598. The stock has a 50-day simple moving average of $1,228.91 and a 200-day simple moving average of $1,120.25. Netflix, Inc. has a 12 month low of $660.80 and a 12 month high of $1,341.15. The stock has a market cap of $515.91 billion, a price-to-earnings ratio of 51.73, a price-to-earnings-growth ratio of 2.03 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34.

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

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.