QRG Capital Management Inc. Boosts Stake in Netflix, Inc. $NFLX

Key Points

• QRG Capital Management Inc. increased its stake in Netflix, Inc. by 9.2% in Q2, bringing its total holdings to 114,295 shares valued at approximately $153 million.
• Netflix's stock recently opened at $1,153.32, with a market cap of $490.08 billion and a P/E ratio of 49.14.
• CEO Theodore A. Sarandos sold 2,026 shares at an average price of $1,160.62, marking a decrease of 11.78% in his ownership position.

QRG Capital Management Inc. raised its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 9.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,295 shares of the Internet television network's stock after purchasing an additional 9,604 shares during the quarter. Netflix accounts for 1.3% of QRG Capital Management Inc.'s holdings, making the stock its 11th largest holding. QRG Capital Management Inc.'s holdings in Netflix were worth $153,056,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Brighton Jones LLC raised 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 valued at $4,804,000 after purchasing an additional 257 shares during the period. Revolve Wealth Partners LLC raised its position in Netflix by 16.4% in 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. Hennion & Walsh Asset Management Inc. raised its position in Netflix by 16.4% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 1,756 shares of the Internet television network's stock valued at $1,638,000 after purchasing an additional 248 shares during the period. Matrix Trust Co raised its position in Netflix by 30.2% in the first quarter. Matrix Trust Co now owns 237 shares of the Internet television network's stock valued at $221,000 after purchasing an additional 55 shares during the period. Finally, Breakwater Capital Group raised its position in Netflix by 7.7% in the first quarter. Breakwater Capital Group now owns 589 shares of the Internet television network's stock valued at $549,000 after purchasing an additional 42 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Stock Down 0.8%

Netflix stock opened at $1,153.32 on Friday. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. 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 company has a market capitalization of $490.08 billion, a P/E ratio of 49.14, a PEG ratio of 1.96 and a beta of 1.59. The stock has a 50-day simple moving average of $1,207.36 and a 200-day simple moving average of $1,158.96.

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, beating the consensus estimate 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% compared to the same quarter last year. 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. Equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Piper Sandler lifted their price objective on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Wedbush reaffirmed an "outperform" rating and issued a $1,500.00 price objective (up from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. JPMorgan Chase & Co. lifted their price objective on Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Finally, The Goldman Sachs Group dropped their price objective on Netflix from $1,310.00 to $1,300.00 and set a "neutral" rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,335.00.

Insider Activity

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the sale, the chief executive officer directly owned 15,168 shares of the company's stock, valued at $17,604,284.16. This represents a 11.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cletus R. Willems sold 238 shares of the company's stock in a transaction that occurred on 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. Insiders sold 104,100 shares of company stock worth $122,710,980 over the last quarter. 1.37% of the stock is owned by insiders.

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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