Netflix, Inc. $NFLX is BSN CAPITAL PARTNERS Ltd's 5th Largest Position

Key Points

• BSN CAPITAL PARTNERS Ltd has reduced its position in Netflix, Inc. by 57.5%, now holding 66,000 shares, which represents 6.9% of their portfolio.
• Netflix's stock has received multiple analyst upgrades, with BMO Capital Markets increasing its target price from $1,200.00 to $1,425.00 and maintaining an "outperform" rating.
• In the most recent quarter, Netflix reported earnings of $7.19 per share and revenue of $11.08 billion, exceeding analysts' expectations.

BSN CAPITAL PARTNERS Ltd reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 57.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,000 shares of the Internet television network's stock after selling 89,400 shares during the period. Netflix makes up 6.9% of BSN CAPITAL PARTNERS Ltd's portfolio, making the stock its 5th biggest holding. BSN CAPITAL PARTNERS Ltd's holdings in Netflix were worth $88,383,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NFLX. Brighton Jones LLC grew its position in shares of Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after purchasing an additional 257 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after purchasing an additional 144 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Netflix by 17.6% during the 1st quarter. GAMMA Investing LLC now owns 9,475 shares of the Internet television network's stock valued at $8,836,000 after purchasing an additional 1,415 shares in the last quarter. Thomasville National Bank grew its position in shares of Netflix by 60.3% during the 1st quarter. Thomasville National Bank now owns 396 shares of the Internet television network's stock valued at $369,000 after purchasing an additional 149 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC grew its position in Netflix by 11.7% in the first quarter. NorthCrest Asset Manangement LLC now owns 3,557 shares of the Internet television network's stock worth $3,317,000 after acquiring an additional 374 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NFLX has been the subject of several research reports. 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. Cowen reiterated a "buy" rating on shares of Netflix in a research report on Tuesday. BMO Capital Markets reiterated an "outperform" rating and issued a $1,425.00 target price (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Weiss Ratings reiterated a "buy (b)" rating on shares of Netflix in a research report on Wednesday. Finally, Barclays reiterated a "sell" rating and issued a $1,100.00 target price (up from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,337.63.

Netflix Stock Performance

Netflix stock opened at $1,220.08 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $518.44 billion, a PE ratio of 51.98, a P/E/G ratio of 2.05 and a beta of 1.59. The firm has a fifty day simple moving average of $1,210.84 and a two-hundred day simple moving average of $1,168.46. 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 quarterly 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 business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity

In other news, insider David A. Hyman sold 424 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the transaction, the insider directly owned 31,610 shares of the company's stock, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the transaction, the chief executive officer directly owned 15,168 shares of the company's stock, valued at approximately $17,604,284.16. This trade represents a 11.78% 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 valued at $122,710,980. 1.37% of the stock is owned by corporate 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.

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