Patron Partners LLC Buys 241 Shares of Netflix, Inc. $NFLX

Key Points

• Patron Partners LLC increased its stake in Netflix, Inc. by 19.2%, acquiring an additional 241 shares to bring its total holdings to 1,496 shares, valued at approximately $2,003,000.
• Netflix reported $7.19 earnings per share for the last quarter, exceeding analysts' estimates of $7.07, alongside a 15.9% increase in revenue compared to the previous year.
• Several hedge funds adjusted their holdings in Netflix, with 80.93% of the stock now owned by institutional investors, highlighting growing confidence in the company's market position.

Patron Partners LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 19.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,496 shares of the Internet television network's stock after purchasing an additional 241 shares during the period. Netflix accounts for approximately 1.0% of Patron Partners LLC's holdings, making the stock its 19th largest holding. Patron Partners LLC's holdings in Netflix were worth $2,003,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Optima Capital LLC lifted its holdings in Netflix by 3.5% during the second quarter. Optima Capital LLC now owns 239 shares of the Internet television network's stock worth $320,000 after acquiring an additional 8 shares in the last quarter. Unified Investment Management lifted its holdings in Netflix by 1.7% during the second quarter. Unified Investment Management now owns 474 shares of the Internet television network's stock worth $635,000 after acquiring an additional 8 shares in the last quarter. Plancorp LLC lifted its holdings in Netflix by 0.6% during the second quarter. Plancorp LLC now owns 1,278 shares of the Internet television network's stock worth $1,711,000 after acquiring an additional 8 shares in the last quarter. Fullcircle Wealth LLC lifted its holdings in Netflix by 2.5% during the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock worth $344,000 after acquiring an additional 9 shares in the last quarter. Finally, Capital Analysts LLC lifted its holdings in Netflix by 0.3% during the first quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network's stock worth $2,443,000 after acquiring an additional 9 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

NASDAQ:NFLX opened at $1,208.24 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. The stock's 50-day simple moving average is $1,208.72 and its 200 day simple moving average is $1,147.93. The company has a market cap of $513.42 billion, a P/E ratio of 51.48, a P/E/G ratio of 2.03 and a beta of 1.60. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15.

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

Analyst Ratings Changes

Several research firms have weighed in on NFLX. Robert W. Baird lifted their target price on Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. BMO Capital Markets reiterated an "outperform" rating and set a $1,425.00 target price (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Seaport Res Ptn lowered Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. Morgan Stanley restated an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. Finally, UBS Group restated a "market underperform" rating on shares of Netflix in a report on Saturday, July 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and three have issued 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 $1,328.87.

Insiders Place Their Bets

In related news, Director Reed Hastings sold 25,959 shares of Netflix stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the sale, the director owned 394 shares of the company's stock, valued at approximately $475,837.74. The trade was a 98.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the sale, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 88,728 shares of company stock valued at $108,700,648 in the last quarter. 1.37% of the stock is currently owned by corporate insiders.

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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