OFI Invest Asset Management Has $68.58 Million Stock Holdings in Netflix, Inc. $NFLX

Key Points

• OFI Invest Asset Management reduced its holdings in Netflix by 5.3%, owning 51,214 shares valued at approximately $68.58 million after selling 2,883 shares in the second quarter.
• Netflix's Q2 earnings surpassed estimates with earnings per share of $7.19 on $11.08 billion in revenue, indicating a year-over-year revenue growth of 15.9%.
• Analysts have set a consensus target price of $1,337.63 for Netflix, with varying ratings that include 26 "Buy" ratings and three "Sell" ratings.

OFI Invest Asset Management trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,214 shares of the Internet television network's stock after selling 2,883 shares during the quarter. OFI Invest Asset Management's holdings in Netflix were worth $68,582,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NFLX. Nuveen LLC bought a new stake in shares of Netflix in the 1st quarter valued at $2,385,585,000. Kingstone Capital Partners Texas LLC boosted its stake in shares of Netflix by 343,058.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network's stock valued at $3,299,450,000 after purchasing an additional 2,463,158 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Netflix by 57.3% in 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 purchasing an additional 1,236,251 shares during the last quarter. Amundi boosted its stake in shares of Netflix by 37.7% in the 1st quarter. Amundi now owns 2,070,221 shares of the Internet television network's stock valued at $1,898,496,000 after purchasing an additional 567,251 shares during the last quarter. Finally, Vanguard Group Inc. boosted 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 owned by institutional investors.

Netflix Stock Performance

Shares of NFLX stock opened at $1,220.08 on Friday. The company has a market cap 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 firm has a 50-day moving average of $1,210.84 and a 200-day moving average of $1,168.46. 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 one year low of $677.88 and a one year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating the consensus estimate of $7.07 by $0.12. The company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior 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. Equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Piper Sandler boosted their target price on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. BMO Capital Markets reiterated an "outperform" rating and set a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Wells Fargo & Company boosted their target price 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. Barclays reiterated a "sell" rating and set a $1,100.00 target price (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Finally, Zacks Research downgraded shares of Netflix from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,337.63.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the transaction, the chief executive officer owned 15,168 shares of the company's stock, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock valued at $122,710,980 in the last 90 days. 1.37% of the stock is currently owned by company insiders.

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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