Partners Capital Investment Group LLP Buys New Stake in Netflix, Inc. $NFLX

Key Points

• Partners Capital Investment Group LLP has acquired a new stake in Netflix, Inc., purchasing 751 shares valued at approximately $700,000 during the 1st quarter.
• Other institutional investors have also increased their positions in Netflix, with BIP Wealth LLC and RiverPark Advisors LLC making significant purchases in Q4 2023, reflecting growing confidence in the company.
• Netflix recently reported earnings of $7.19 EPS, surpassing analysts' expectations, while showcasing a 15.9% year-over-year revenue growth with a total revenue of $11.08 billion.

Partners Capital Investment Group LLP purchased a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 751 shares of the Internet television network's stock, valued at approximately $700,000.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC grew its position in Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after acquiring an additional 257 shares in the last quarter. Revolve Wealth Partners LLC raised its position in Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after purchasing an additional 144 shares during the period. BIP Wealth LLC lifted its stake in shares of Netflix by 23.8% in the 4th quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock valued at $403,000 after purchasing an additional 87 shares during the last quarter. RiverPark Advisors LLC lifted its stake in shares of Netflix by 32.3% in the 4th quarter. RiverPark Advisors LLC now owns 4,867 shares of the Internet television network's stock valued at $4,338,000 after purchasing an additional 1,188 shares during the last quarter. Finally, Burling Wealth Partners LLC purchased a new position in shares of Netflix in the 4th quarter worth approximately $270,000. Institutional investors own 80.93% of the company's stock.

Insider Transactions at Netflix

In other news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction 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 transaction, the chief executive officer owned 12,781 shares of the company's stock, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jay C. Hoag sold 31,750 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the transaction, the director owned 63,040 shares in the company, valued at approximately $78,948,144. This represents a 33.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold 146,307 shares of company stock worth $179,443,809 in the last ninety days. 1.37% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NFLX. Wells Fargo & Company increased their price target on Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Evercore ISI reiterated an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Cfra Research raised shares of Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Jefferies Financial Group restated a "buy" rating on shares of Netflix in a report on Tuesday, August 12th. Finally, Barclays reaffirmed a "sell" rating and set a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $1,297.66.

Netflix Trading Down 0.6%

NFLX stock opened at $1,206.21 on Friday. The company has a market capitalization of $512.55 billion, a PE ratio of 51.39, a P/E/G ratio of 2.04 and a beta of 1.59. Netflix, Inc. has a 12 month low of $660.80 and a 12 month high of $1,341.15. The firm's 50-day moving average is $1,231.56 and its 200 day moving average is $1,108.85. 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 (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) 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 analysts' expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm's quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

About Netflix

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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