Platinum Investment Management Ltd. Has $4.22 Million Position in Netflix, Inc. $NFLX

Key Points

• Platinum Investment Management Ltd. decreased its stake in Netflix by 12.9%, holding 3,152 shares worth approximately $4.22 million as of its latest SEC filing.
• Institutional investors now own approximately 80.93% of Netflix's stock, indicating strong investor interest in the company.
• Netflix reported $7.19 EPS in its latest earnings, exceeding analyst expectations, with a revenue of $11.08 billion for the quarter.

Platinum Investment Management Ltd. reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 12.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,152 shares of the Internet television network's stock after selling 466 shares during the quarter. Platinum Investment Management Ltd.'s holdings in Netflix were worth $4,221,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. CHURCHILL MANAGEMENT Corp boosted its stake in shares of Netflix by 15.3% during the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 38,067 shares of the Internet television network's stock valued at $50,977,000 after buying an additional 5,040 shares during the period. Wiser Wealth Management Inc boosted its position in Netflix by 8.6% during the second quarter. Wiser Wealth Management Inc now owns 266 shares of the Internet television network's stock valued at $356,000 after purchasing an additional 21 shares during the last quarter. EWA LLC boosted its position in Netflix by 7.2% during the second quarter. EWA LLC now owns 746 shares of the Internet television network's stock valued at $999,000 after purchasing an additional 50 shares during the last quarter. Tanager Wealth Management LLP boosted its position in Netflix by 3.2% during the second quarter. Tanager Wealth Management LLP now owns 358 shares of the Internet television network's stock valued at $479,000 after purchasing an additional 11 shares during the last quarter. Finally, Warren Street Wealth Advisors LLC boosted its position in Netflix by 3.4% during the second quarter. Warren Street Wealth Advisors LLC now owns 855 shares of the Internet television network's stock valued at $1,145,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Transactions at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,290,418.40. This represents a 41.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction on 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 transaction, the chief executive officer owned 15,168 shares of the company's stock, valued at $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,324 shares of company stock worth $70,235,556. 1.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NFLX has been the subject of several research reports. Oppenheimer lifted their price target on Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. Barclays reiterated 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. Loop Capital upgraded shares of Netflix from a "hold" rating to a "buy" rating and lifted their target price for the company from $1,150.00 to $1,350.00 in a research note on Wednesday, September 17th. Piper Sandler lifted their price objective on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $1,334.03.

Netflix Price Performance

NASDAQ:NFLX opened at $1,170.90 on Thursday. The stock has a market cap of $497.55 billion, a P/E ratio of 49.89, a PEG ratio of 2.02 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 company has a fifty day moving average price of $1,208.27 and a 200 day moving average price of $1,155.95. 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 earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. The firm 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 business's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior 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. Analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

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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