Pegasus Asset Management Inc. Acquires New Shares in Netflix, Inc. $NFLX

Key Points

• Pegasus Asset Management Inc. acquired 223 shares of Netflix, Inc. for approximately $299,000 during the 2nd quarter, reflecting increased institutional interest in the company.
• Netflix's recent quarterly earnings showed an EPS of $7.19, exceeding expectations and demonstrating a year-over-year revenue growth of 15.9%.
• Over 80% of Netflix's stock is owned by institutional investors, with several hedge funds increasing their stakes significantly, including a 343,058.2% increase from Kingstone Capital Partners in the latest quarter.

Pegasus Asset Management Inc. acquired a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 223 shares of the Internet television network's stock, valued at approximately $299,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NFLX. Nuveen LLC bought a new position in Netflix in the 1st quarter valued at approximately $2,385,585,000. Kingstone Capital Partners Texas LLC lifted its position in 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 acquiring an additional 2,463,158 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in 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 acquiring an additional 1,236,251 shares in the last quarter. Amundi lifted its position in 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 acquiring an additional 567,251 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in 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 acquiring an additional 509,255 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Trading Down 0.9%

NASDAQ:NFLX opened at $1,220.08 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market capitalization of $518.45 billion, a price-to-earnings ratio of 51.98, a price-to-earnings-growth ratio of 2.05 and a beta of 1.59. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The business has a fifty day moving average price of $1,210.84 and a 200-day moving average price of $1,169.80.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.Netflix's revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NFLX shares. KeyCorp increased their price target on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Piper Sandler increased their price target on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Zacks Research cut Netflix from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Barclays reissued a "sell" rating and set a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Netflix in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,337.63.

Insider Buying and Selling at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,600 shares of the firm's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,327,734.41. This trade represents a 41.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cletus R. Willems sold 238 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,100 shares of company stock valued at $122,710,980. 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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