Benchmark Investment Advisors LLC Grows Stock Position in Netflix, Inc. $NFLX

Key Points

• Benchmark Investment Advisors LLC increased its stake in Netflix by 30%, now holding 1,812 shares valued at approximately $1.69 million, making it one of its 27 largest holdings.
• Other institutional investors, such as GAMMA Investing LLC and Vanguard Group Inc., have also significantly raised their stakes in Netflix, reflecting a strong interest from the investment community.
• Netflix recently reported earnings of $7.19 per share for the last quarter, surpassing expectations and marking a 15.9% increase in year-over-year revenue.

Benchmark Investment Advisors LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 30.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,812 shares of the Internet television network's stock after purchasing an additional 418 shares during the period. Netflix accounts for about 1.1% of Benchmark Investment Advisors LLC's portfolio, making the stock its 27th biggest position. Benchmark Investment Advisors LLC's holdings in Netflix were worth $1,690,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Netflix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after purchasing an additional 509,255 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position 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 valued at $10,940,505,000 after purchasing an additional 304,399 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after purchasing an additional 8,827,662 shares in the last quarter. Invesco Ltd. boosted its holdings in Netflix by 8.3% in the first 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 boosted its holdings in Netflix by 3.5% in the first 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.

Netflix Stock Down 1.9%

Shares of Netflix stock traded down $23.20 on Friday, hitting $1,208.25. The company had a trading volume of 3,206,585 shares, compared to its average volume of 2,696,834. The stock has a market capitalization of $513.42 billion, a price-to-earnings ratio of 51.48, a P/E/G ratio of 2.03 and a beta of 1.60. Netflix, Inc. has a 1 year low of $660.80 and a 1 year high of $1,341.15. The stock has a 50 day moving average of $1,231.11 and a 200-day moving average of $1,118.55. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34.

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Jefferies Financial Group reiterated a "buy" rating on shares of Netflix in a report on Tuesday, August 12th. Bank of America increased their price target on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Wedbush reiterated an "outperform" rating and issued a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Sanford C. Bernstein increased their price target on Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. Finally, Wells Fargo & Company increased their price target on Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,297.66.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares of the company's stock, valued at approximately $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 can be accessed through this link. Also, CFO Spencer Adam Neumann sold 685 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $1,161.21, for a total value of $795,428.85. Following the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,286,026.11. The trade was a 15.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 123,163 shares of company stock valued at $151,917,174 in the last ninety days. 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.