Te Ahumairangi Investment Management Ltd Grows Position in Netflix, Inc. $NFLX

Key Points

• Te Ahumairangi Investment Management Ltd significantly increased its holdings in Netflix by 237.6% during the first quarter, owning 1,806 shares valued at approximately $1.68 million.
• Netflix reported $7.19 EPS for its latest quarter, surpassing estimates, with revenue reaching $11.08 billion, a 15.9% year-over-year increase.
• The stock currently holds a market cap of $523.28 billion and has garnered a consensus price target of $1,297.66 among analysts.

Te Ahumairangi Investment Management Ltd raised its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 237.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,806 shares of the Internet television network's stock after acquiring an additional 1,271 shares during the period. Te Ahumairangi Investment Management Ltd's holdings in Netflix were worth $1,684,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC raised its holdings in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd bought a new position in shares of Netflix during the 4th quarter valued at about $27,000. Copia Wealth Management bought a new position in shares of Netflix during the 4th quarter valued at about $37,000. Stuart Chaussee & Associates Inc. increased its position in shares of Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after purchasing an additional 45 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in shares of Netflix during the 1st quarter valued at about $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 topic of several recent research reports. Wall Street Zen lowered Netflix from a "buy" rating to a "hold" rating in a research report on Saturday. Rosenblatt Securities increased their price objective on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Piper Sandler increased their price objective on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. KeyCorp increased their price objective on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Finally, Bank of America increased their price objective on Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research report on Friday, May 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $1,297.66.

Insider Transactions at Netflix

In other news, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 123,163 shares of company stock worth $151,917,174. Corporate insiders own 1.37% of the company's stock.

Netflix Trading Down 1.9%

NFLX traded down $23.20 on Friday, hitting $1,208.25. 3,206,585 shares of the company were exchanged, compared to its average volume of 2,730,890. The firm has a fifty day simple moving average of $1,231.11 and a two-hundred day simple moving average of $1,117.41. 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 has a market capitalization of $513.42 billion, a PE ratio of 51.48, a price-to-earnings-growth ratio of 2.03 and a beta of 1.59.

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

About Netflix

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.