Monument Capital Management Raises Stock Position in Netflix, Inc. $NFLX

Key Points

• Monument Capital Management significantly increased its stake in Netflix, Inc. by 248.2% during the second quarter, now holding 3,492 shares valued at approximately $4.68 million.
• Several institutional investors have also enhanced their holdings in Netflix, with Vanguard Group now owning approximately 38 million shares worth around $35 billion.
• Netflix's stock is currently rated as a Moderate Buy by analysts, with an average target price of $1,337.63 and a recent opening stock price of $1,231.07.

Monument Capital Management lifted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 248.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,492 shares of the Internet television network's stock after purchasing an additional 2,489 shares during the period. Netflix accounts for about 1.2% of Monument Capital Management's investment portfolio, making the stock its 22nd biggest holding. Monument Capital Management's holdings in Netflix were worth $4,676,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in 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 buying an additional 509,255 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Netflix by 2.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock worth $10,940,505,000 after acquiring an additional 304,399 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Netflix by 1.0% during the 1st quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network's stock worth $4,844,436,000 after acquiring an additional 53,611 shares during the period. Invesco Ltd. raised its position 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 acquiring an additional 356,617 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Netflix by 3.5% in the 1st quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network's stock worth $4,089,765,000 after acquiring an additional 148,675 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 424 shares of Netflix stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value 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. This trade represents a 1.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Reed Hastings sold 42,176 shares of the business's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the transaction, the director owned 394 shares of the company's stock, valued at $461,736.48. This represents a 99.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock worth $122,710,980 over the last 90 days. 1.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Barclays restated a "sell" rating and set a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Jefferies Financial Group reissued a "buy" rating on shares of Netflix in a research report on Thursday, September 11th. The Goldman Sachs Group dropped their target price on shares of Netflix from $1,310.00 to $1,300.00 and set a "neutral" rating on the stock in a report on Tuesday, September 30th. Sanford C. Bernstein increased their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. Finally, Robert W. Baird lifted their price target on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,337.63.

Netflix Stock Performance

Shares of Netflix stock opened at $1,231.07 on Friday. The stock has a market cap of $523.12 billion, a price-to-earnings ratio of 52.45, a PEG ratio of 2.04 and a beta of 1.59. The firm's 50-day moving average is $1,209.61 and its 200 day moving average is $1,165.56. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. 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 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 business had revenue of $11.08 billion during 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%. Netflix's revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.