Netflix, Inc. $NFLX Shares Acquired by Kestra Investment Management LLC

Key Points

• Kestra Investment Management LLC increased its stake in Netflix, Inc. by 142.6% during Q1, acquiring 2,386 additional shares, bringing its total ownership to 4,059 shares valued at approximately $3.785 million.
• In Q1, various institutional investors also expanded their holdings in Netflix, with GAMMA Investing LLC experiencing a staggering 109,524.3% increase in its position.
• Netflix recently reported earnings of $7.19 per share for the last quarter, beating estimates, and its revenue increased by 15.9% year-over-year to $11.08 billion.

Kestra Investment Management LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 142.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,059 shares of the Internet television network's stock after purchasing an additional 2,386 shares during the period. Kestra Investment Management LLC's holdings in Netflix were worth $3,785,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC lifted its holdings in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new position in shares of Netflix in the fourth quarter valued at approximately $27,000. Copia Wealth Management acquired a new position in shares of Netflix in the fourth quarter valued at approximately $37,000. Stuart Chaussee & Associates Inc. raised its position in shares of Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after buying an additional 45 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Netflix in the first quarter valued at approximately $42,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of analyst reports. TD Cowen boosted their price objective on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Loop Capital reissued a "hold" rating on shares of Netflix in a research report on Tuesday, July 15th. Wells Fargo & Company boosted their price objective on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Robert W. Baird boosted their price objective 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research 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 assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,317.58.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction that occurred on 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 $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix 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 transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,290,418.40. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 89,348 shares of company stock valued at $109,498,489. 1.37% of the stock is currently owned by corporate insiders.

Netflix Trading Up 1.5%

Netflix stock traded up $18.49 during trading on Tuesday, reaching $1,263.25. The company had a trading volume of 2,215,844 shares, compared to its average volume of 2,443,071. The firm has a market capitalization of $536.79 billion, a price-to-earnings ratio of 53.82, a PEG ratio of 2.10 and a beta of 1.60. 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, Inc. has a 12-month low of $660.80 and a 12-month high of $1,341.15. The stock's 50 day moving average price is $1,222.86 and its two-hundred day moving average price is $1,127.68.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $11.08 billion for the quarter, compared to analysts' expectations 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 in the previous year, the company 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, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share 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.