Netflix, Inc. $NFLX Stock Position Decreased by Boston Common Asset Management LLC

Key Points

• Boston Common Asset Management LLC reduced its stake in Netflix by 5.6%, owning 34,761 shares valued at approximately $46.5 million, which represents 1.3% of its total holdings.
• Other institutional investors like Vanguard Group Inc. and Price T Rowe Associates Inc. increased their positions in Netflix, highlighting ongoing interest from major funds.
• Netflix recently reported better-than-expected earnings with a 12-month stock price range of $677.88 to $1,341.15, indicating strong market performance amid fluctuating investor confidence.

Boston Common Asset Management LLC lessened its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,761 shares of the Internet television network's stock after selling 2,058 shares during the quarter. Netflix comprises 1.3% of Boston Common Asset Management LLC's holdings, making the stock its 6th largest position. Boston Common Asset Management LLC's holdings in Netflix were worth $46,549,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Netflix by 1.4% in the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after acquiring an additional 509,255 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Netflix by 2.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock valued at $10,940,505,000 after purchasing an additional 304,399 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Netflix by 1.0% in the first quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network's stock valued at $4,844,436,000 after purchasing an additional 53,611 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Netflix by 8.3% in the first quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock valued at $4,350,083,000 after purchasing an additional 356,617 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Netflix by 3.5% in the first quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network's stock valued at $4,089,765,000 after purchasing an additional 148,675 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on NFLX. Rosenblatt Securities increased their price target on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a report on Friday, July 18th. Wedbush reaffirmed an "outperform" rating and issued a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Netflix in a report on Saturday, September 27th. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Finally, Sanford C. Bernstein increased their price target on Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,335.00.

Netflix Trading Down 0.8%

NASDAQ:NFLX opened at $1,153.32 on Friday. The firm has a market cap of $490.08 billion, a PE ratio of 49.14, a price-to-earnings-growth ratio of 1.94 and a beta of 1.59. The stock has a fifty day moving average price of $1,207.36 and a 200 day moving average price of $1,160.35. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last released its 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. The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.Netflix's revenue was up 15.9% compared to the same quarter last year. During the same period last 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. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In other Netflix news, insider David A. Hyman sold 424 shares of Netflix stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the sale, the insider directly owned 31,610 shares of the company's stock, valued at $36,625,558.70. The trade was a 1.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix 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 sale, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock valued at $122,710,980 in the last 90 days. Insiders own 1.37% of the company's stock.

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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