Netflix, Inc. $NFLX Shares Bought by PKO Investment Management Joint Stock Co

Key Points

• PKO Investment Management Joint Stock Co increased its stake in Netflix, Inc. by 34.6% during the 2nd quarter, owning a total of 10,500 shares worth approximately $14.06 million.
• Netflix reported earnings of $5.87 per share for the recent quarter, missing expectations by $1.01 and showing a 17.2% year-over-year revenue increase.
• Analysts have mixed outlooks for Netflix, with target prices varying significantly; estimates range from $1,275 to $1,500, reflecting a consensus rating of "Moderate Buy".

PKO Investment Management Joint Stock Co grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 34.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,500 shares of the Internet television network's stock after purchasing an additional 2,700 shares during the period. Netflix makes up about 1.5% of PKO Investment Management Joint Stock Co's holdings, making the stock its 16th biggest position. PKO Investment Management Joint Stock Co's holdings in Netflix were worth $14,061,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BG Investment Services Inc. acquired a new position in Netflix during the 2nd quarter worth approximately $338,000. Resurgent Financial Advisors LLC boosted its stake in shares of Netflix by 234.4% during the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock worth $942,000 after acquiring an additional 708 shares in the last quarter. MRA Advisory Group lifted its stake in Netflix by 28.4% in the 2nd quarter. MRA Advisory Group now owns 919 shares of the Internet television network's stock valued at $1,231,000 after buying an additional 203 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Netflix by 42.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock valued at $412,059,000 after buying an additional 130,946 shares in the last quarter. Finally, Sava Infond d.o.o. lifted its stake in Netflix by 25.1% in the 2nd quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network's stock valued at $2,002,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Trading Down 1.7%

Shares of NFLX opened at $1,094.69 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.34 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $463.85 billion, a P/E ratio of 45.73, a price-to-earnings-growth ratio of 1.92 and a beta of 1.59. The stock's fifty day simple moving average is $1,207.21 and its 200 day simple moving average is $1,185.28. Netflix, Inc. has a twelve month low of $747.77 and a twelve month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, missing the consensus estimate of $6.88 by ($1.01). Netflix had a return on equity of 41.86% and a net margin of 24.05%.The firm had revenue of $11.51 billion during the quarter, compared to analysts' expectations of $11.52 billion. During the same period last year, the business posted $5.40 earnings per share. The company's quarterly revenue was up 17.2% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. On average, equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NFLX shares. Robert W. Baird upped their target price on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. reduced their target price on Netflix from $1,300.00 to $1,275.00 and set a "neutral" rating on the stock in a research note on Wednesday. Phillip Securities lowered Netflix from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. UBS Group set a $1,500.00 price target on Netflix in a research note on Wednesday. Finally, Needham & Company LLC reissued a "buy" rating and set a $1,500.00 price target on shares of Netflix in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,352.78.

Insider Buying and Selling

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,290,418.40. This trade represents a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock valued at $122,710,980 over the last ninety days. Insiders own 1.37% of the company's stock.

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.

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.