Fox Run Management L.L.C. Has $542,000 Stake in Netflix, Inc. $NFLX

Key Points

• Fox Run Management L.L.C. reduced its stake in Netflix, Inc. by 45.5%, now owning only 581 shares worth approximately $542,000.
• Vanguard Group Inc. and GAMMA Investing LLC significantly increased their holdings in Netflix, with Vanguard growing its position by 1.4% and GAMMA by an astonishing 109,524.3%.
• Insider trading saw substantial activity, as Director Jay C. Hoag sold 31,750 shares for over $39.76 million, representing a 33.5% decrease in his stake.

Fox Run Management L.L.C. lessened its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 45.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 581 shares of the Internet television network's stock after selling 485 shares during the quarter. Fox Run Management L.L.C.'s holdings in Netflix were worth $542,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 509,255 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after acquiring an additional 8,827,662 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Netflix by 8.3% during the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock valued at $4,350,083,000 after acquiring an additional 356,617 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Netflix by 14.3% during the 4th quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock valued at $4,076,903,000 after acquiring an additional 570,674 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Netflix by 57.3% during 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 in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Cletus R. Willems sold 238 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. Insiders sold a total of 146,307 shares of company stock worth $179,443,809 over the last three months. Insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Robert W. Baird raised their price objective on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Pivotal Research reissued a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Loop Capital reissued a "hold" rating on shares of Netflix in a report on Tuesday, July 15th. Bank of America raised their price objective on Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a report on Friday, May 30th. Finally, Sanford C. Bernstein lifted their target price on Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,297.66.

Netflix Trading Down 0.6%

Shares of NFLX stock traded down $7.2690 during mid-day trading on Wednesday, hitting $1,206.8810. The company's stock had a trading volume of 1,631,142 shares, compared to its average volume of 4,149,659. The company's fifty day simple moving average is $1,231.86 and its 200-day simple moving average is $1,106.54. Netflix, Inc. has a 52 week low of $660.80 and a 52 week high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market cap of $512.84 billion, a PE ratio of 51.37, a P/E/G ratio of 2.10 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 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 firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same period last year, the company posted $4.88 EPS. The business's quarterly revenue 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. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.