Netflix, Inc. $NFLX Shares Bought by Sovereign Financial Group Inc.

Key Points

• Sovereign Financial Group Inc. increased its ownership stake in Netflix, Inc. by 23.6% during Q2, now holding shares valued at approximately $1,997,000.
• Insider activity includes significant share sales by CEO Gregory K. Peters and CFO Spencer Adam Neumann, comprising a 13.68% and 41.34% decrease respectively in their ownership positions.
• Netflix's stock currently has a market cap of $518.44 billion, reflecting a P/E ratio of 51.98 and recent quarterly earnings per share of $7.19 which exceeded estimates.

Sovereign Financial Group Inc. raised its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 23.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,491 shares of the Internet television network's stock after purchasing an additional 285 shares during the quarter. Sovereign Financial Group Inc.'s holdings in Netflix were worth $1,997,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of NFLX. Nuveen LLC acquired a new position in Netflix in the 1st quarter valued at about $2,385,585,000. Kingstone Capital Partners Texas LLC boosted its holdings in Netflix by 343,058.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network's stock valued at $3,299,450,000 after purchasing an additional 2,463,158 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Netflix by 57.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock valued at $3,164,134,000 after acquiring an additional 1,236,251 shares during the period. Amundi raised its stake in shares of Netflix by 37.7% in the 1st quarter. Amundi now owns 2,070,221 shares of the Internet television network's stock valued at $1,898,496,000 after acquiring an additional 567,251 shares during the period. Finally, Vanguard Group Inc. raised its stake 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 acquiring an additional 509,255 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Price Performance

Shares of NFLX opened at $1,220.08 on Friday. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The firm's 50 day moving average price is $1,210.84 and its 200 day moving average price is $1,168.46. The company has a market cap of $518.44 billion, a P/E ratio of 51.98, a PEG ratio of 2.05 and a beta of 1.59. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the prior year, the firm earned $4.88 EPS. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. The trade was a 13.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was 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 owned 3,691 shares of the company's stock, valued at $4,290,418.40. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock worth $122,710,980 over the last ninety days. 1.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NFLX shares. Wall Street Zen downgraded shares of Netflix from a "buy" rating to a "hold" rating in a research note on Saturday, October 4th. Weiss Ratings reissued a "buy (b)" rating on shares of Netflix in a research note on Wednesday. Zacks Research downgraded shares of Netflix from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Piper Sandler boosted their price target on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Finally, Wells Fargo & Company boosted their price target on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,337.63.

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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