Netflix, Inc. $NFLX Stock Holdings Boosted by BTC Capital Management Inc.

Key Points

• BTC Capital Management Inc. increased its stake in Netflix, Inc. by 876.8% during the second quarter, owning 5,480 shares valued at approximately $7.33 million.
• Netflix achieved a quarterly earnings per share (EPS) of $7.19, surpassing analysts' expectations of $7.07, with a revenue of $11.08 billion.
• Several analysts have raised their price targets for Netflix, with the average target now at $1,328.87 and a consensus rating of "Moderate Buy."

BTC Capital Management Inc. lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 876.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,480 shares of the Internet television network's stock after acquiring an additional 4,919 shares during the period. BTC Capital Management Inc.'s holdings in Netflix were worth $7,333,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Orrstown Financial Services Inc. grew its position in shares of Netflix by 5.2% during the second quarter. Orrstown Financial Services Inc. now owns 1,075 shares of the Internet television network's stock worth $1,440,000 after acquiring an additional 53 shares during the last quarter. TTP Investments Inc. bought a new position in Netflix in the 2nd quarter valued at about $7,998,000. Capital Advantage Inc. grew its position in Netflix by 4.7% in the 2nd quarter. Capital Advantage Inc. now owns 309 shares of the Internet television network's stock valued at $414,000 after buying an additional 14 shares in the last quarter. Deane Retirement Strategies Inc. grew its position in Netflix by 0.3% in the 2nd quarter. Deane Retirement Strategies Inc. now owns 3,440 shares of the Internet television network's stock valued at $4,604,000 after buying an additional 9 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its position in Netflix by 31.9% in the 2nd quarter. Wedge Capital Management L L P NC now owns 302 shares of the Internet television network's stock valued at $404,000 after buying an additional 73 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Netflix Stock Performance

Netflix stock opened at $1,226.97 on Friday. The stock has a 50-day simple moving average of $1,212.49 and a 200 day simple moving average of $1,140.66. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The stock has a market capitalization of $521.37 billion, a price-to-earnings ratio of 52.28, a P/E/G ratio of 2.07 and a beta of 1.60.

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 (EPS) for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same period in the previous year, the business posted $4.88 earnings per share. The firm's revenue for the quarter was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Spencer Adam Neumann sold 2,600 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,457,842.16. The trade was a 41.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Hyman sold 424 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the transaction, the insider owned 31,610 shares of the company's stock, 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 three months, insiders sold 89,348 shares of company stock worth $109,498,489. Corporate insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NFLX. Seaport Res Ptn lowered shares of Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 6th. Wedbush reaffirmed an "outperform" rating and set a $1,500.00 price objective (up from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. KeyCorp increased their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Sanford C. Bernstein increased their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Finally, Bank of America increased their price target on shares of Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,328.87.

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.

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