Narwhal Capital Management Purchases Shares of 667 Netflix, Inc. $NFLX

Key Points

• Narwhal Capital Management acquired a new stake in Netflix by purchasing 667 shares valued at approximately $893,000 during the 2nd quarter.
• Several institutional investors have increased their holdings in Netflix, with Vanguard Group owning over 37 million shares, reflecting a growing interest in the company.
• Analysts have generally positive outlooks for Netflix, with multiple firms maintaining "buy" ratings and setting price targets above $1,300, indicating strong potential for growth.

Narwhal Capital Management purchased a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 667 shares of the Internet television network's stock, valued at approximately $893,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Netflix by 1.4% in the 1st 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 last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Netflix by 2.7% in 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 purchasing an additional 304,399 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Netflix by 1.0% in 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 purchasing an additional 53,611 shares during the last quarter. Invesco Ltd. grew its holdings 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 purchasing an additional 356,617 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings 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 purchasing an additional 148,675 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NFLX. Pivotal Research reaffirmed a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Itau BBA Securities assumed coverage on shares of Netflix in a report on Tuesday. They issued an "outperform" rating and a $1,514.00 target price on the stock. Oppenheimer upped their price target on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research report on Thursday, June 12th. Needham & Company LLC reiterated a "buy" rating and set a $1,500.00 price target on shares of Netflix in a research report on Wednesday, September 10th. Finally, Loop Capital upgraded shares of Netflix from a "hold" rating to a "buy" rating and upped their price target for the stock from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,337.63.

Netflix Stock Performance

Netflix stock opened at $1,214.25 on Thursday. 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, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The company has a market cap of $515.97 billion, a PE ratio of 51.74, a PEG ratio of 2.00 and a beta of 1.59. The company's 50-day moving average is $1,208.18 and its two-hundred day moving average is $1,163.77.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating 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 in the prior year, the company posted $4.88 EPS. The company's revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity at Netflix

In related news, Director Reed Hastings sold 42,176 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the sale, the chief financial officer 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 disclosure for this sale can be found here. In the last quarter, insiders sold 104,100 shares of company stock worth $122,710,980. Insiders own 1.37% of the company's stock.

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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