Netflix, Inc. $NFLX Shares Purchased by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON ASSET MANAGEMENT UK Plc has significantly increased its stake in Netflix, Inc. by 180.5%, now holding 55,478 shares valued at approximately $74.2 million.
• CEO Gregory K. Peters and CFO Spencer Adam Neumann both sold a substantial number of shares recently, with the CEO's sale representing a 13.68% decrease in his holdings.
• Netflix's recent earnings report showed a 15.9% revenue increase year-over-year, with EPS of $7.19, surpassing expectations of $7.07.

AEGON ASSET MANAGEMENT UK Plc boosted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 180.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,478 shares of the Internet television network's stock after buying an additional 35,698 shares during the period. Netflix accounts for approximately 1.0% of AEGON ASSET MANAGEMENT UK Plc's holdings, making the stock its 24th largest holding. AEGON ASSET MANAGEMENT UK Plc's holdings in Netflix were worth $74,247,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Halbert Hargrove Global Advisors LLC increased its position in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares during the last quarter. Stephens Consulting LLC increased its position in Netflix by 150.0% during the second 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. Flaharty Asset Management LLC acquired a new position in Netflix during the first quarter worth approximately $37,000. Maseco LLP acquired a new position in Netflix during the second quarter worth approximately $39,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Netflix in the 1st quarter valued at about $42,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 2,026 shares of the business's 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 directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,600 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the completion of the sale, the chief financial officer owned 3,691 shares of the company's stock, 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. Insiders sold 104,100 shares of company stock worth $122,710,980 over the last ninety days. Company insiders own 1.37% of the company's stock.

Netflix Price Performance

NFLX stock opened at $1,215.35 on Wednesday. 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, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The stock's 50 day moving average is $1,213.15 and its two-hundred day moving average is $1,172.10. The company has a market capitalization of $516.43 billion, a PE ratio of 51.78, a P/E/G ratio of 2.05 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the previous year, the business 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. Analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

NFLX has been the topic of several research analyst reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Netflix in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Pivotal Research reaffirmed a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Zacks Research lowered Netflix from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Finally, Seaport Res Ptn raised Netflix from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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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