Rafferty Asset Management LLC Has $52.51 Million Stock Position in Netflix, Inc. $NFLX

Key Points

• Rafferty Asset Management LLC reduced its stake in Netflix by 22.2%, holding 56,310 shares worth approximately $52.51 million after selling 16,111 shares in the first quarter.
• Other hedge funds have also adjusted their positions, with Soros Capital Management LLC significantly increasing its stake by 1,394.9%, now owning 18,656 shares valued at $17.4 million.
• Analysts have issued mixed ratings for Netflix, with a consensus "Moderate Buy" rating and an average target price of $1,297.66, amid recent earnings surpassing estimates and increasing quarter-over-quarter revenue.

Rafferty Asset Management LLC reduced its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 22.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,310 shares of the Internet television network's stock after selling 16,111 shares during the quarter. Rafferty Asset Management LLC's holdings in Netflix were worth $52,511,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Harvest Portfolios Group Inc. purchased a new position in Netflix during the first quarter worth about $11,895,000. Caisse DE Depot ET Placement DU Quebec raised its position in Netflix by 3.6% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 372,420 shares of the Internet television network's stock worth $347,293,000 after acquiring an additional 12,870 shares during the period. Bank of Hawaii raised its position in Netflix by 4.5% in the first quarter. Bank of Hawaii now owns 7,438 shares of the Internet television network's stock worth $6,936,000 after acquiring an additional 321 shares during the period. Connective Capital Management LLC bought a new stake in Netflix in the first quarter worth about $1,614,000. Finally, Soros Capital Management LLC raised its position in Netflix by 1,394.9% in the first quarter. Soros Capital Management LLC now owns 18,656 shares of the Internet television network's stock worth $17,397,000 after acquiring an additional 17,408 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Price Performance

NFLX stock opened at $1,218.07 on Tuesday. 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, Inc. has a one year low of $660.80 and a one year high of $1,341.15. The stock has a market cap of $517.59 billion, a PE ratio of 51.90, a P/E/G ratio of 2.03 and a beta of 1.59. The firm has a 50 day simple moving average of $1,231.26 and a two-hundred day simple moving average of $1,113.08.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results 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. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter in the previous year, the company earned $4.88 EPS. The business's quarterly revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider David A. Hyman sold 424 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the sale, the insider owned 31,610 shares of the company's stock, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cletus R. Willems sold 238 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The disclosure for this sale can be found here. Insiders have sold 145,667 shares of company stock worth $178,679,156 in the last ninety days. 1.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Cfra Research raised shares of Netflix to a "strong-buy" rating in a research report on Monday, April 28th. Jefferies Financial Group reissued a "buy" rating on shares of Netflix in a research report on Tuesday, August 12th. UBS Group reissued a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. Wells Fargo & Company boosted their price target on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Finally, TD Cowen boosted their price target on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and an average target price of $1,297.66.

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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