Netflix, Inc. $NFLX Stock Holdings Boosted by Oak Ridge Investments LLC

Key Points

• Oak Ridge Investments LLC increased its stake in Netflix, Inc. by 1.4%, owning 21,691 shares worth approximately $29 million, making it the investment firm's 9th largest holding.
• Netflix's CEO, Gregory K. Peters, and another executive, Theodore A. Sarandos, both sold 2,026 shares of the company's stock, each reflecting a decrease in their ownership of around 13.68% and 11.78%, respectively.
• A number of analysts have varying ratings on Netflix's stock, with updates including a downgrade from "buy" to "hold" and several price target increases, maintaining an average rating of "Moderate Buy."

Oak Ridge Investments LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,691 shares of the Internet television network's stock after acquiring an additional 291 shares during the quarter. Netflix accounts for approximately 2.1% of Oak Ridge Investments LLC's portfolio, making the stock its 9th largest holding. Oak Ridge Investments LLC's holdings in Netflix were worth $29,047,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC boosted its holdings in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after acquiring an additional 13 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in Netflix during the 1st quarter worth $37,000. Maseco LLP purchased a new position in Netflix during the 2nd quarter worth $39,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Netflix during the 1st quarter worth $42,000. Finally, 1248 Management LLC bought a new stake in shares of Netflix during the 1st quarter worth $43,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Gregory K. Peters sold 2,026 shares of the company's 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 directly owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction dated 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 sale, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NFLX shares. Wall Street Zen cut Netflix from a "buy" rating to a "hold" rating in a research note on Saturday, October 4th. Morgan Stanley reiterated an "equal weight" rating on shares of Netflix in a research note on Monday, July 21st. 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 research note on Thursday, July 17th. Pivotal Research reiterated a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Finally, Piper Sandler lifted their target price on Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Netflix presently has an average rating of "Moderate Buy" and a consensus target price of $1,337.63.

Netflix Trading Down 0.9%

Shares of Netflix stock opened at $1,220.08 on Friday. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The stock's 50-day simple moving average is $1,210.84 and its 200 day simple moving average is $1,168.46. The stock has a market capitalization of $518.44 billion, a P/E ratio of 51.98, a P/E/G ratio of 2.05 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34.

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 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 for the quarter, compared to analysts' expectations of $11.04 billion. During the same period in the previous year, the business posted $4.88 EPS. The firm's quarterly revenue 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. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

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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