Netflix, Inc. $NFLX Shares Acquired by Scientech Research LLC

Key Points

• Scientech Research LLC significantly increased its stake in Netflix by 646.3%, owning 3,582 shares worth approximately $3.34 million at the end of the first quarter.
• Institutional investors now hold about 80.93% of Netflix's stock, with notable increases in holdings from firms like GAMMA Investing LLC and Vanguard Group Inc.
• Netflix reported $7.19 earnings per share for the last quarter, exceeding analysts' expectations and showing a 15.9% year-over-year revenue growth.

Scientech Research LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 646.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,582 shares of the Internet television network's stock after buying an additional 3,102 shares during the period. Netflix makes up approximately 0.9% of Scientech Research LLC's portfolio, making the stock its largest position. Scientech Research LLC's holdings in Netflix were worth $3,340,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NFLX. Brighton Jones LLC increased its holdings in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after purchasing an additional 257 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after acquiring an additional 144 shares during the period. Fiduciary Trust Co boosted its stake in shares of Netflix by 7.4% in the 4th quarter. Fiduciary Trust Co now owns 3,233 shares of the Internet television network's stock valued at $2,882,000 after buying an additional 223 shares during the period. Fund 1 Investments LLC acquired a new position in shares of Netflix during the fourth quarter worth about $5,794,000. Finally, Fullerton Fund Management Co Ltd. grew its position in shares of Netflix by 7.3% during the fourth quarter. Fullerton Fund Management Co Ltd. now owns 244,101 shares of the Internet television network's stock worth $217,572,000 after buying an additional 16,557 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Trading Down 3.0%

NFLX stock traded down $37.84 during midday trading on Thursday, hitting $1,209.87. The stock had a trading volume of 2,286,492 shares, compared to its average volume of 4,002,406. The firm has a market cap of $514.11 billion, a PE ratio of 51.60, a price-to-earnings-growth ratio of 2.13 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The company's 50-day moving average price is $1,222.12 and its 200 day moving average price is $1,128.51.

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

Analyst Ratings Changes

NFLX has been the subject of a number of analyst reports. UBS Group reiterated a "market underperform" rating on shares of Netflix in a research note on Saturday, July 19th. Morgan Stanley restated an "equal weight" rating on shares of Netflix in a research note on Monday, July 21st. Pivotal Research restated a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. BMO Capital Markets restated an "outperform" rating and issued a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Finally, Rosenblatt Securities upped their price objective on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and an average price target of $1,317.58.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction on 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 completion of the transaction, the chief executive officer owned 15,168 shares of the company's stock, valued at $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The transaction 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 the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 89,348 shares of company stock worth $109,498,489. Company 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.