Netflix, Inc. $NFLX Shares Bought by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. increased its Netflix stock position by 2.7% in the first quarter, owning approximately 11.7 million shares valued at $10.94 billion, making it the 13th largest position in their portfolio.
• Institutional investors hold 80.93% of Netflix shares, with notable activity from hedge funds increasing their stakes recently.
• Netflix reported earnings of $7.19 per share, beating estimates, with quarterly revenue of $11.08 billion, reflecting a 15.9% year-over-year increase.

Price T Rowe Associates Inc. MD boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,732,066 shares of the Internet television network's stock after purchasing an additional 304,399 shares during the quarter. Netflix makes up approximately 1.3% of Price T Rowe Associates Inc. MD's holdings, making the stock its 13th largest holding. Price T Rowe Associates Inc. MD owned about 2.76% of Netflix worth $10,940,505,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Martingale Asset Management L P increased its holdings in Netflix by 399.1% during the 1st quarter. Martingale Asset Management L P now owns 21,045 shares of the Internet television network's stock worth $19,625,000 after purchasing an additional 16,828 shares during the last quarter. Goldstream Capital Management Ltd purchased a new stake in Netflix during the 1st quarter worth approximately $3,514,000. PGIM Custom Harvest LLC increased its holdings in Netflix by 1.8% during the 1st quarter. PGIM Custom Harvest LLC now owns 928 shares of the Internet television network's stock worth $865,000 after purchasing an additional 16 shares during the last quarter. Banco BTG Pactual S.A. increased its holdings in shares of Netflix by 19.1% in the 1st quarter. Banco BTG Pactual S.A. now owns 2,489 shares of the Internet television network's stock valued at $2,321,000 after acquiring an additional 399 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its holdings in shares of Netflix by 7.7% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 4,602 shares of the Internet television network's stock valued at $4,292,000 after acquiring an additional 330 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Performance

NFLX traded down $1.56 during trading on Friday, reaching $1,204.65. 3,122,827 shares of the company were exchanged, compared to its average volume of 2,927,073. The stock has a market cap of $511.89 billion, a P/E ratio of 51.33, a PEG ratio of 2.03 and a beta of 1.59. The firm has a 50 day moving average of $1,231.41 and a 200 day moving average of $1,110.30. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 52 week low of $660.80 and a 52 week high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion during 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%.The firm's revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $1,307.22, for a total transaction of $3,400,079.22. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at $4,824,949.02. This represents a 41.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Reed Hastings sold 26,933 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $1,211.66, for a total value of $32,633,638.78. Following the transaction, the director owned 394 shares of the company's stock, valued at $477,394.04. This trade represents a 98.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,307 shares of company stock valued at $179,443,809 in the last 90 days. Corporate insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NFLX shares. Sanford C. Bernstein boosted their price target on Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. JPMorgan Chase & Co. boosted their price target on Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Citigroup reiterated a "neutral" rating and issued a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Phillip Securities downgraded Netflix from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. Finally, Canaccord Genuity Group reiterated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,297.66.

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.