Netflix, Inc. $NFLX Stake Raised by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. increased its stake in Netflix, Inc. by 1.0%, making it the 9th largest position within their portfolio, now holding over 5.1 million shares valued at approximately $4.84 billion.
• Various institutional investors, including Resurgent Financial Advisors LLC and BNP Paribas Asset Management, have significantly raised their stakes in Netflix, with some increasing their holdings by over 200%.
• Insider trading is notable, with Director Reed Hastings selling around 22,765 shares for more than $26 million, indicating a considerable decrease in his ownership by 98.3%.

Alliancebernstein L.P. grew its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 5,194,939 shares of the Internet television network's stock after acquiring an additional 53,611 shares during the period. Netflix comprises about 1.8% of Alliancebernstein L.P.'s holdings, making the stock its 9th largest holding. Alliancebernstein L.P. owned about 1.22% of Netflix worth $4,844,436,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fullcircle Wealth LLC grew its holdings in shares of Netflix by 2.5% during the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock worth $344,000 after acquiring an additional 9 shares during the period. Capital Analysts LLC increased its position in Netflix by 0.3% during the 1st quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network's stock valued at $2,443,000 after buying an additional 9 shares in the last quarter. Enterprise Financial Services Corp boosted its holdings in Netflix by 1.8% in the first quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network's stock worth $471,000 after acquiring an additional 9 shares in the last quarter. Continuum Wealth Advisors LLC boosted its holdings in Netflix by 4.4% in the first quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock worth $219,000 after acquiring an additional 10 shares in the last quarter. Finally, Financial Enhancement Group LLC grew its stake in shares of Netflix by 2.5% in the first quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network's stock worth $384,000 after acquiring an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NFLX. Loop Capital reissued a "hold" rating on shares of Netflix in a research note on Tuesday, July 15th. Wolfe Research set a $1,340.00 target price on Netflix and gave the stock an "outperform" rating in a research note on Friday, May 16th. Needham & Company LLC reiterated a "buy" rating and set a $1,500.00 target price on shares of Netflix in a research note on Friday, July 18th. Jefferies Financial Group reissued a "buy" rating on shares of Netflix in a report on Tuesday, August 12th. Finally, Piper Sandler lifted their target price on Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,317.58.

Netflix Stock Performance

Shares of NFLX traded down $13.66 during trading hours on Friday, hitting $1,243.82. The stock had a trading volume of 2,378,410 shares, compared to its average volume of 2,541,951. 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, Inc. has a 12 month low of $660.80 and a 12 month high of $1,341.15. The firm has a market capitalization of $528.53 billion, a PE ratio of 53.00, a PEG ratio of 2.12 and a beta of 1.60. The stock has a fifty day moving average price of $1,225.36 and a 200 day moving average price of $1,123.79.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data 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. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the previous year, the company posted $4.88 earnings per share. Netflix'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. Analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,600 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Cletus R. Willems sold 238 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. Insiders have sold a total of 89,348 shares of company stock valued at $109,498,489 in the last ninety days. 1.37% of the stock is currently owned by company insiders.

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.