Guinness Asset Management LTD Acquires 2,564 Shares of Netflix, Inc. $NFLX

Key Points

• Guinness Asset Management LTD increased its stake in Netflix by 5.3% during the first quarter, owning 51,136 shares now valued at $47.68 million, making it the firm's 24th largest holding.
• Vanguard Group Inc., another institutional investor, raised its holdings by 1.4% to 37.99 million shares valued at over $35 billion, while GAMMA Investing LLC remarkably boosted its stake by 109,524.3%.
• Netflix's CFO and CEO have recently sold shares of the company, with CFO Spencer Adam Neumann selling 2,601 shares and CEO Gregory K. Peters selling 2,026 shares, indicating a decrease in their ownership positions.

Guinness Asset Management LTD increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,136 shares of the Internet television network's stock after acquiring an additional 2,564 shares during the period. Netflix comprises approximately 0.9% of Guinness Asset Management LTD's investment portfolio, making the stock its 24th largest holding. Guinness Asset Management LTD's holdings in Netflix were worth $47,685,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NFLX. Vanguard Group Inc. increased its position in Netflix by 1.4% during the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after buying an additional 509,255 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Netflix by 2.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock worth $10,940,505,000 after buying an additional 304,399 shares during the last quarter. GAMMA Investing LLC increased its position in Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after buying an additional 8,827,662 shares during the last quarter. Alliancebernstein L.P. increased its position in Netflix by 1.0% during the first quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network's stock worth $4,844,436,000 after buying an additional 53,611 shares during the last quarter. Finally, Invesco Ltd. increased its position in Netflix by 8.3% during the first quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock worth $4,350,083,000 after buying an additional 356,617 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Netflix Price Performance

NASDAQ:NFLX traded down $15.06 during trading hours on Friday, reaching $1,188.44. 3,778,934 shares of the company were exchanged, compared to its average volume of 2,525,736. The company has a market capitalization of $505.00 billion, a P/E ratio of 50.64, a P/E/G ratio of 2.03 and a beta of 1.60. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The business has a 50 day moving average of $1,218.15 and a 200 day moving average of $1,132.43.

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

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the sale, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,457,842.16. This represents a 41.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Reed Hastings sold 25,959 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the sale, the director directly owned 394 shares in the company, valued at $475,837.74. This represents a 98.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,348 shares of company stock valued at $109,498,489 over the last ninety days. 1.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of recent analyst reports. Barclays reissued a "sell" rating and set a $1,100.00 price target (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. KeyCorp boosted their price target on Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. TD Cowen upped their target price on Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Wolfe Research set a $1,340.00 target price on Netflix and gave the company an "outperform" rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. upped their target price on Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,317.58.

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.