Panoramic Capital Partners LLC Invests $304,000 in Netflix, Inc. $NFLX

Key Points

• Panoramic Capital Partners LLC made a new investment in Netflix, purchasing 234 shares valued at approximately $304,000 during the second quarter.
• Multiple institutional investors, including Nuveen LLC and Goldman Sachs, have significantly increased their holdings in Netflix, contributing to an institutional ownership rate of 80.93%.
• Analysts have mixed sentiments on Netflix with an average rating of "Moderate Buy" and a consensus price target of $1,334.03, alongside recent EPS of $7.19 which surpassed expectations.

Panoramic Capital Partners LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 234 shares of the Internet television network's stock, valued at approximately $304,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NFLX. Nuveen LLC purchased a new stake in shares of Netflix in the first quarter worth about $2,385,585,000. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Netflix by 343,058.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network's stock worth $3,299,450,000 after buying an additional 2,463,158 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Netflix by 57.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock worth $3,164,134,000 after buying an additional 1,236,251 shares in the last quarter. Amundi lifted its holdings in shares of Netflix by 37.7% in the first quarter. Amundi now owns 2,070,221 shares of the Internet television network's stock worth $1,898,496,000 after buying an additional 567,251 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings 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 worth $35,433,585,000 after buying an additional 509,255 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets reissued an "outperform" rating and issued a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Barclays reaffirmed a "sell" rating and issued a $1,100.00 target price (up from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Robert W. Baird raised their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Wedbush reaffirmed an "outperform" rating and issued a $1,500.00 target price (up from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. Finally, UBS Group reaffirmed a "market underperform" rating on shares of Netflix in a research note on Saturday, July 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,334.03.

Insider Transactions at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the transaction, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,290,418.40. This trade represents a 41.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 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 transaction, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,324 shares of company stock valued at $70,235,556. 1.37% of the stock is currently owned by insiders.

Netflix Trading Down 0.6%

NFLX stock opened at $1,198.92 on Wednesday. The company has a market capitalization of $509.46 billion, a PE ratio of 51.08, a price-to-earnings-growth ratio of 2.03 and a beta of 1.60. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The company's 50 day moving average price is $1,208.39 and its two-hundred day moving average price is $1,155.85. 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 posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period last year, the firm posted $4.88 earnings per share. The business's 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. As a group, analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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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