Surience Private Wealth LLC Buys New Stake in Netflix, Inc. $NFLX

Key Points

• Surience Private Wealth LLC has acquired a new stake in Netflix, purchasing 635 shares worth approximately $850,000, which represents about 0.8% of their investment portfolio.
• Multiple institutional investors have increased their positions in Netflix, with Vanguard Group increasing its stake by 1.4% and GAMMA Investing LLC showing a significant growth of 109,524.3%.
• Netflix reported a quarterly EPS of $7.19, surpassing analysts' expectations, and its revenue rose by 15.9% year-over-year, highlighting robust financial performance.

Surience Private Wealth LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 635 shares of the Internet television network's stock, valued at approximately $850,000. Netflix comprises about 0.8% of Surience Private Wealth LLC's investment portfolio, making the stock its 25th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in 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 lifted its position in 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 grew its holdings in Netflix by 109,524.3% during the first 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. increased its holdings in shares of Netflix by 1.0% in the 1st quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network's stock valued at $4,844,436,000 after purchasing an additional 53,611 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Netflix by 8.3% in the first quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock valued at $4,350,083,000 after buying an additional 356,617 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Price Performance

NFLX stock opened at $1,203.95 on Thursday. The company has a market cap of $511.59 billion, a PE ratio of 51.30, a price-to-earnings-growth ratio of 2.05 and a beta of 1.60. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average price of $1,210.04 and a two-hundred day moving average price of $1,145.57. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last released 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. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period last year, the business posted $4.88 EPS. The company'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. As a group, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at approximately $4,290,418.40. This trade represents a 41.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the transaction, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. The trade was a 13.68% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 88,728 shares of company stock valued at $108,700,648. 1.37% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on NFLX. Piper Sandler lifted their target price on shares of Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Wedbush restated an "outperform" rating and set a $1,500.00 target price (up previously from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Citigroup reaffirmed a "neutral" rating and issued a $1,250.00 target price (up from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Jefferies Financial Group reissued a "buy" rating on shares of Netflix in a research note on Thursday, September 11th. Finally, Morgan Stanley reaffirmed an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,328.87.

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.

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