Netflix, Inc. $NFLX Stock Position Raised by Burr Financial Services LLC

Key Points

• Burr Financial Services LLC increased its stake in Netflix by 10.7%, owning 3,250 shares valued at approximately $4.35 million.
• Multiple institutional investors, including Vanguard Group Inc. and GAMMA Investing LLC, have also raised their holdings in Netflix during recent quarters, reflecting growing interest among hedge funds.
• Analysts have varied views on Netflix, with a range of price targets set between $1,000 and $1,425, indicating a general sentiment of a "Moderate Buy" according to consensus ratings.

Burr Financial Services LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 10.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,250 shares of the Internet television network's stock after purchasing an additional 315 shares during the quarter. Netflix accounts for about 3.7% of Burr Financial Services LLC's holdings, making the stock its 10th biggest position. Burr Financial Services LLC's holdings in Netflix were worth $4,352,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after purchasing an additional 509,255 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Netflix by 2.7% in the 1st 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 in the last quarter. GAMMA Investing LLC boosted its holdings 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 purchasing an additional 8,827,662 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Netflix by 1.0% in the 1st 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 in the last quarter. Finally, Invesco Ltd. boosted its holdings in Netflix by 8.3% in the 1st 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 in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

NFLX has been the subject of a number of research reports. Phillip Securities downgraded shares of Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. Loop Capital reiterated a "hold" rating on shares of Netflix in a research report on Tuesday, July 15th. BMO Capital Markets reiterated an "outperform" rating and set a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. The Goldman Sachs Group lifted their price target on shares of Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Finally, KeyCorp lifted their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and an average target price of $1,317.58.

Netflix Trading Up 1.2%

Shares of Netflix stock opened at $1,202.26 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The company has a market capitalization of $510.88 billion, a P/E ratio of 51.23, a P/E/G ratio of 2.00 and a beta of 1.60. The business has a 50 day moving average price of $1,216.40 and a 200 day moving average price of $1,135.17.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the previous year, the firm posted $4.88 EPS. The company'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. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS 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 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 sale, the insider directly owned 31,610 shares of the company's stock, valued at approximately $36,625,558.70. The trade was a 1.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,348 shares of company stock worth $109,498,489 in the last three months. 1.37% of the stock is currently owned by company insiders.

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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