Netflix, Inc. $NFLX Stake Raised by Night Owl Capital Management LLC

Key Points

• Night Owl Capital Management LLC increased its stake in Netflix by 3.4% in Q1, making the stock 4.2% of its investment portfolio and valued at approximately $33.2 million.
• Netflix experienced a year-over-year revenue growth of 15.9%, reporting $11.08 billion in revenue for the last quarter.
• Equities research analysts have set a consensus price target of $1,317.58 for Netflix, reflecting a “Moderate Buy” sentiment among analysts.

Night Owl Capital Management LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,646 shares of the Internet television network's stock after purchasing an additional 1,178 shares during the quarter. Netflix accounts for 4.2% of Night Owl Capital Management LLC's investment portfolio, making the stock its 9th largest position. Night Owl Capital Management LLC's holdings in Netflix were worth $33,241,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in Netflix by 109,524.3% in 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 during the last quarter. Nuveen LLC acquired a new stake in Netflix during the first quarter worth about $2,385,585,000. Goldman Sachs Group Inc. lifted 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. Amundi increased its stake in Netflix by 37.7% during the 1st quarter. Amundi now owns 2,070,221 shares of the Internet television network's stock worth $1,898,496,000 after buying an additional 567,251 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Activity

In related news, CEO Gregory K. Peters sold 2,026 shares of the firm'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 transaction, the chief executive officer owned 12,781 shares of the company's stock, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 424 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the transaction, the insider directly owned 31,610 shares in the company, valued at $36,625,558.70. The trade was a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,348 shares of company stock worth $109,498,489. 1.37% of the stock is owned by company insiders.

Netflix Trading Up 2.6%

Shares of NASDAQ NFLX opened at $1,257.48 on Friday. Netflix, Inc. has a 12-month low of $660.80 and a 12-month high of $1,341.15. The company has a market cap of $534.34 billion, a price-to-earnings ratio of 53.58, a price-to-earnings-growth ratio of 2.06 and a beta of 1.60. 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 stock's 50 day simple moving average is $1,226.94 and its 200 day simple moving average is $1,122.36.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter in the prior year, the firm earned $4.88 EPS. Netflix'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. Equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley restated an "equal weight" rating on shares of Netflix in a research note on Monday, July 21st. Bank of America upped their price objective on Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research note on Friday, May 30th. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Wells Fargo & Company boosted their price target on Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Finally, Wolfe Research set a $1,340.00 price target on Netflix and gave the company an "outperform" rating in a research report on Friday, May 16th. One 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,317.58.

Netflix Company 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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