Netflix, Inc. $NFLX Shares Purchased by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions Inc. increased its stake in Netflix by 22.7%, resulting in ownership of 44,176 shares worth approximately $59.16 million at the end of the last reporting period.
• Analysts have raised their price targets for Netflix, with Piper Sandler setting a new target of $1,500, while the stock currently has a consensus target price of $1,337.63.
• Insiders, including CEO Gregory K. Peters, sold significant amounts of stock recently, with total insider sales reaching $122.71 million over the last ninety days.

Envestnet Portfolio Solutions Inc. grew its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 22.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,176 shares of the Internet television network's stock after acquiring an additional 8,175 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Netflix were worth $59,157,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Resurgent Financial Advisors LLC raised its holdings in shares of Netflix by 234.4% in the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock valued at $942,000 after buying an additional 708 shares during the last quarter. MRA Advisory Group increased its position 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 acquiring an additional 203 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Netflix by 42.1% during 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 acquiring an additional 130,946 shares during the last quarter. Sava Infond d.o.o. raised its stake in Netflix by 25.1% during 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 acquiring an additional 300 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. lifted its position in Netflix by 1.4% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network's stock worth $1,324,000 after acquiring an additional 14 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NFLX shares. Sanford C. Bernstein upped their price target on Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. Loop Capital upgraded shares of Netflix from a "hold" rating to a "buy" rating and upped their price objective for the stock from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. JPMorgan Chase & Co. raised their target price on shares of Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th. The Goldman Sachs Group dropped their price target on shares of Netflix from $1,310.00 to $1,300.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 30th. Finally, Piper Sandler increased their price target on shares of Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,337.63.

Netflix Stock Down 0.9%

NFLX stock opened at $1,220.08 on Monday. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market cap of $518.45 billion, a P/E ratio of 51.98, a P/E/G ratio of 2.05 and a beta of 1.59. The company's 50-day moving average price is $1,210.84 and its 200 day moving average price is $1,169.80.

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

Insiders Place Their Bets

In other news, insider Cletus R. Willems sold 238 shares of the firm's stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the company'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 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,100 shares of company stock valued at $122,710,980. Corporate 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.

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