Sarasin & Partners LLP Acquires 80,607 Shares of Netflix, Inc. $NFLX

Key Points

• Sarasin & Partners LLP significantly increased its stake in Netflix, Inc. by 436.7% during Q2, acquiring an additional 80,607 shares, bringing their total to 99,066 shares valued at approximately $132.66 million.
• Insiders sold a total of 89,348 shares within the past three months, with Director Reed Hastings and CEO Theodore A. Sarandos reducing their holdings substantially.
• Netflix's stock recently opened at $1,200.51, with a market cap of $510.13 billion and a consensus rating of "Moderate Buy", reflecting positive analyst sentiment despite some mixed ratings.

Sarasin & Partners LLP raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 436.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,066 shares of the Internet television network's stock after buying an additional 80,607 shares during the period. Sarasin & Partners LLP's holdings in Netflix were worth $132,662,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position 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 during the period. Price T Rowe Associates Inc. MD raised its position in shares of Netflix by 2.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock valued at $10,940,505,000 after purchasing an additional 304,399 shares during the period. GAMMA Investing LLC raised its holdings in Netflix by 109,524.3% in the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after acquiring an additional 8,827,662 shares during the period. Alliancebernstein L.P. raised its holdings in Netflix by 1.0% in the 1st quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network's stock worth $4,844,436,000 after acquiring an additional 53,611 shares during the period. Finally, Invesco Ltd. raised its holdings in Netflix by 8.3% in the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock worth $4,350,083,000 after acquiring an additional 356,617 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NFLX shares. Loop Capital reiterated a "hold" rating on shares of Netflix in a research note on Tuesday, July 15th. Pivotal Research reaffirmed a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Phillip Securities lowered shares of Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. UBS Group restated a "market underperform" rating on shares of Netflix in a report on Saturday, July 19th. Finally, Oppenheimer boosted their price objective on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,317.58.

Insider Buying and Selling at Netflix

In other news, Director Reed Hastings sold 25,959 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the transaction, the director directly owned 394 shares in the company, valued at $475,837.74. This trade represents a 98.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the firm's stock in a transaction on 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 completion of the transaction, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,348 shares of company stock valued at $109,498,489 in the last three months. Insiders own 1.37% of the company's stock.

Netflix Price Performance

Netflix stock opened at $1,200.51 on Wednesday. The business's 50-day simple moving average is $1,214.91 and its 200 day simple moving average is $1,135.62. The stock has a market cap of $510.13 billion, a price-to-earnings ratio of 51.15, a P/E/G ratio of 2.02 and a beta of 1.60. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its 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 company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

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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