NewEdge Advisors LLC Grows Holdings in Netflix, Inc. $NFLX

Key Points

• NewEdge Advisors LLC has increased its holdings in Netflix by 12.3%, owning a total of 52,760 shares worth approximately $49.2 million as of the latest SEC filing.
• Institutional investors currently own 80.93% of Netflix's stock, with significant increases in holdings from firms like GAMMA Investing LLC, which grew its stake by 109,524.3%.
• Netflix reported a Q2 EPS of $7.19, exceeding estimates, with revenues of $11.08 billion, representing a 15.9% increase compared to the same quarter last year.

NewEdge Advisors LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 12.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,760 shares of the Internet television network's stock after purchasing an additional 5,776 shares during the period. NewEdge Advisors LLC's holdings in Netflix were worth $49,201,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in shares of Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after buying an additional 8,827,662 shares during the last quarter. Nuveen LLC purchased a new stake in Netflix during the 1st quarter valued at approximately $2,385,585,000. Goldman Sachs Group Inc. raised its stake in 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 during the last quarter. Amundi lifted its position 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 acquiring an additional 567,251 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of 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 during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,257.48 on Friday. 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, Inc. has a one year low of $660.80 and a one year high of $1,341.15. The firm has a market capitalization of $534.34 billion, a P/E ratio of 53.58, a PEG ratio of 2.06 and a beta of 1.60. The company's fifty day moving average is $1,226.94 and its two-hundred day moving average is $1,122.36.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the business earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, insider David A. Hyman sold 424 shares of the company's stock in a transaction that occurred on 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 sale, the insider owned 31,610 shares in the company, valued at $36,625,558.70. This represents a 1.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 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. In the last 90 days, insiders sold 89,348 shares of company stock worth $109,498,489. 1.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NFLX shares. Morgan Stanley reissued an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. Wells Fargo & Company lifted their price objective on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Citigroup reiterated a "neutral" rating and issued a $1,250.00 price objective (up from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Wall Street Zen downgraded shares of Netflix from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Finally, UBS Group restated a "market underperform" rating on shares of Netflix in a research note on Saturday, July 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,317.58.

Netflix 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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