Robertson Stephens Wealth Management LLC Buys 233 Shares of Netflix, Inc. $NFLX

Key Points

• Robertson Stephens Wealth Management LLC increased its stake in Netflix, Inc. by 3.3%, acquiring an additional 233 shares and bringing its total holdings to 7,189 shares valued at approximately $9.63 million.
• Several large institutional investors, including Nuveen LLC and Goldman Sachs Group Inc., have significantly raised their stakes in Netflix recently, contributing to institutional ownership of 80.93% of the company's stock.
• Netflix's stock has been rated mostly as a buy by analysts, with a range of target prices indicating a consensus estimate of $1,337.63 and recent earnings surpassing expectations.

Robertson Stephens Wealth Management LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,189 shares of the Internet television network's stock after purchasing an additional 233 shares during the quarter. Robertson Stephens Wealth Management LLC's holdings in Netflix were worth $9,627,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Nuveen LLC acquired a new position in shares of Netflix during the first quarter worth approximately $2,385,585,000. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Netflix by 343,058.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network's stock worth $3,299,450,000 after buying an additional 2,463,158 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Netflix by 57.3% during the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock worth $3,164,134,000 after buying an additional 1,236,251 shares during the last quarter. Amundi lifted its holdings in shares of Netflix by 37.7% during the first quarter. Amundi now owns 2,070,221 shares of the Internet television network's stock worth $1,898,496,000 after buying an additional 567,251 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Netflix by 1.4% in the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after purchasing an additional 509,255 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Cowen restated a "buy" rating on shares of Netflix in a research note on Tuesday. Weiss Ratings restated a "buy (b)" rating on shares of Netflix in a research note on Wednesday. Jefferies Financial Group restated a "buy" rating on shares of Netflix in a research note on Thursday, September 11th. Robert W. Baird upped their target price on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Finally, The Goldman Sachs Group cut their target price on Netflix from $1,310.00 to $1,300.00 and set a "neutral" rating for the company in a research note on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $1,337.63.

Netflix Price Performance

Shares of NFLX stock opened at $1,231.07 on Friday. The stock's fifty day moving average is $1,209.61 and its 200-day moving average is $1,165.56. 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 stock has a market capitalization of $523.12 billion, a PE ratio of 52.45, a PEG ratio of 2.04 and a beta of 1.59. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business earned $4.88 earnings per share. 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 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Theodore A. Sarandos sold 2,026 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the transaction, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Hyman sold 424 shares of the firm's stock in a transaction dated 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 transaction, the insider owned 31,610 shares in the company, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock valued at $122,710,980 over the last 90 days. Corporate insiders own 1.37% of the company's stock.

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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