Netflix, Inc. $NFLX Shares Acquired by Sagespring Wealth Partners LLC

Key Points

• Sagespring Wealth Partners LLC increased its stake in Netflix by 8.2% in the second quarter, now holding 5,521 shares valued at approximately $7.39 million.
• Despite mixed analyst ratings, Netflix maintains an average target price of $1,337.63, with a "Moderate Buy" rating from market analysts.
• Netflix reported a quarterly earnings per share of $7.19, exceeding expectations and reflecting a 15.9% increase in revenue compared to the prior year.

Sagespring Wealth Partners LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,521 shares of the Internet television network's stock after acquiring an additional 417 shares during the quarter. Sagespring Wealth Partners LLC's holdings in Netflix were worth $7,394,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in NFLX. Vanguard Group Inc. boosted its position 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 valued at $35,433,585,000 after purchasing an additional 509,255 shares during the period. Price T Rowe Associates Inc. MD boosted its position 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 valued at $10,940,505,000 after purchasing an additional 304,399 shares during the period. Alliancebernstein L.P. boosted its position 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 valued at $4,844,436,000 after purchasing an additional 53,611 shares during the period. Invesco Ltd. boosted its position 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 valued at $4,350,083,000 after purchasing an additional 356,617 shares during the period. Finally, Wellington Management Group LLP boosted its position 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 valued at $4,089,765,000 after purchasing an additional 148,675 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of research analyst reports. Pivotal Research reissued a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. UBS Group set a $1,425.00 price objective on Netflix in a research note on Tuesday, October 7th. Wall Street Zen downgraded Netflix from a "buy" rating to a "hold" rating in a research note on Saturday, October 4th. Barclays reaffirmed a "sell" rating and set a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Finally, KeyCorp upped their price objective on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Two investment 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and an average target price of $1,337.63.

Netflix Stock Performance

NFLX opened at $1,219.03 on Tuesday. The stock has a market cap of $518.00 billion, a P/E ratio of 51.94, a P/E/G ratio of 2.05 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The stock's 50 day simple moving average is $1,211.81 and its 200 day simple moving average is $1,171.80. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15.

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

Insiders Place Their Bets

In other Netflix news, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the sale, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,327,734.41. This represents a 41.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the sale, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is owned by insiders.

Netflix 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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