2,561 Shares in Netflix, Inc. $NFLX Purchased by Night Squared LP

Key Points

• Night Squared LP invested approximately $2.39 million in Netflix by acquiring 2,561 shares, as noted in their recent 13F filing.
• Netflix's latest earnings report revealed $7.19 earnings per share, exceeding analysts' expectations of $7.07, with revenues of $11.08 billion for the quarter, a 15.9% increase year-over-year.
• Institutional investors collectively own 80.93% of Netflix's stock, with recent activities including significant purchases and sales by various advisory firms.

Night Squared LP acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,561 shares of the Internet television network's stock, valued at approximately $2,388,000.

A number of other large investors have also added to or reduced their stakes in NFLX. GAMMA Investing LLC raised its stake in 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 valued at $8,239,576,000 after buying an additional 8,827,662 shares during the last quarter. Nuveen LLC purchased a new position in Netflix during the first quarter valued at $2,385,585,000. Goldman Sachs Group Inc. raised its stake in Netflix by 57.3% during the first 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 buying an additional 1,236,251 shares during the last quarter. Vanguard Group Inc. raised its stake in Netflix by 1.4% during 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 buying an additional 509,255 shares during the last quarter. Finally, Two Sigma Advisers LP raised its stake in Netflix by 935.7% during the fourth quarter. Two Sigma Advisers LP now owns 461,900 shares of the Internet television network's stock valued at $411,701,000 after buying an additional 417,300 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Price Performance

Shares of Netflix stock traded up $5.86 during trading hours on Tuesday, hitting $1,214.11. The company's stock had a trading volume of 2,295,416 shares, compared to its average volume of 4,069,393. The business has a 50 day moving average price of $1,230.21 and a two-hundred day moving average price of $1,119.60. Netflix, Inc. has a 12-month low of $660.80 and a 12-month high of $1,341.15. The company has a market cap of $515.91 billion, a PE ratio of 51.73, a PEG ratio of 2.03 and a beta of 1.60. 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 EPS for the quarter, beating 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 business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the previous year, the business earned $4.88 earnings per share. The business's revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of research analyst reports. Morgan Stanley reissued an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. 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 report on Friday, July 18th. Wolfe Research set a $1,340.00 target price on Netflix and gave the stock an "outperform" rating in a report on Friday, May 16th. Barclays reissued a "sell" rating and issued a $1,100.00 target price (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Finally, Oppenheimer lifted their target price on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,297.66.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 2,026 shares of the business's 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 transaction, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $1,307.22, for a total value of $3,400,079.22. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at $4,824,949.02. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,629 shares of company stock valued at $116,131,982. Insiders own 1.37% of the company's stock.

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.