Netflix, Inc. $NFLX Shares Bought by Asset Management One Co. Ltd.

Key Points

• Asset Management One Co. Ltd. increased its stake in Netflix by **0.8%**, owning approximately **219,595 shares**, which makes up **0.9%** of its portfolio and is its **15th biggest holding**.
• Netflix's stock opened at **$1,113.59** but has seen a modest dip of **0.2%**, with a significant **market cap** of **$473.19 billion** and a **P/E ratio** of **46.52**.
• During Q3, **Netflix reported earnings** of **$5.87 per share**, missing analyst estimates, with a revenue growth of **17.2% year-over-year**, while future earnings guidance has been set for **FY 2025** at **$5.450 EPS**.

Asset Management One Co. Ltd. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 219,595 shares of the Internet television network's stock after purchasing an additional 1,689 shares during the quarter. Netflix makes up about 0.9% of Asset Management One Co. Ltd.'s portfolio, making the stock its 15th biggest holding. Asset Management One Co. Ltd. owned approximately 0.05% of Netflix worth $294,066,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stephens Consulting LLC boosted its stake in Netflix by 150.0% during the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network's stock worth $33,000 after purchasing an additional 15 shares during the last quarter. Maseco LLP acquired a new stake in Netflix during the 2nd quarter worth $39,000. LGT Financial Advisors LLC purchased a new position in shares of Netflix during the 2nd quarter worth $40,000. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Netflix during the 2nd quarter worth $44,000. Finally, Ransom Advisory Ltd purchased a new position in shares of Netflix during the 2nd quarter worth $47,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Down 0.2%

Shares of NFLX opened at $1,113.59 on Friday. The firm has a market cap of $473.19 billion, a P/E ratio of 46.52, a price-to-earnings-growth ratio of 1.89 and a beta of 1.59. Netflix, Inc. has a 12-month low of $746.25 and a 12-month high of $1,341.15. The company's 50-day moving average price is $1,210.10 and its 200 day moving average price is $1,183.73. The company has a current ratio of 1.33, a quick ratio of 1.34 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.88 by ($1.01). The company had revenue of $11.51 billion during the quarter, compared to analysts' expectations of $11.52 billion. Netflix had a net margin of 24.05% and a return on equity of 41.86%. The firm's quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the firm posted $5.40 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. On average, 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 recently commented on NFLX shares. BMO Capital Markets reiterated an "outperform" rating and set a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Canaccord Genuity Group reiterated a "buy" rating and set a $1,525.00 price target on shares of Netflix in a report on Wednesday. Seaport Res Ptn upgraded Netflix from a "hold" rating to a "strong-buy" rating in a report on Monday, October 6th. Zacks Research lowered Netflix from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Finally, Needham & Company LLC reiterated a "buy" rating and set a $1,500.00 price target on shares of Netflix in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,352.78.

Insider Activity at Netflix

In other Netflix news, 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 transaction of $274,537.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 2,600 shares of the business's stock in a transaction dated 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 $4,327,734.41. This trade represents a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is 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.

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.