Symmetry Partners LLC Makes New $319,000 Investment in Netflix, Inc. $NFLX

Key Points

• Symmetry Partners LLC has made a new investment of approximately $319,000 in Netflix, acquiring 238 shares of the company.
• Large institutional investors, including Vanguard Group Inc. and Price T Rowe Associates Inc., have increased their holdings in Netflix significantly in the last quarter.
• Netflix reported a strong quarterly performance with $7.19 earnings per share (EPS), beating estimates and marking a 15.9% year-over-year revenue growth.

Symmetry Partners LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 238 shares of the Internet television network's stock, valued at approximately $319,000.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Netflix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after purchasing an additional 509,255 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Netflix by 2.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock worth $10,940,505,000 after purchasing an additional 304,399 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Netflix by 1.0% during 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 purchasing an additional 53,611 shares in the last quarter. Invesco Ltd. grew its position in shares of Netflix by 8.3% during the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock worth $4,350,083,000 after purchasing an additional 356,617 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Netflix by 3.5% during the 1st quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network's stock worth $4,089,765,000 after purchasing an additional 148,675 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Stock Performance

Shares of NFLX stock opened at $1,210.61 on Friday. The firm's 50-day simple moving average is $1,208.75 and its two-hundred day simple moving average is $1,151.70. Netflix, Inc. has a 52 week low of $677.88 and a 52 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 firm has a market cap of $514.42 billion, a price-to-earnings ratio of 51.58, a P/E/G ratio of 2.04 and a beta of 1.60.

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 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 quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, insider Cletus R. Willems sold 238 shares of the business'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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the transaction, the chief executive officer directly owned 12,781 shares of the company's stock, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 88,728 shares of company stock worth $108,700,648 in the last ninety days. Insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

NFLX has been the topic of a number of analyst reports. Jefferies Financial Group restated a "buy" rating on shares of Netflix in a research report on Thursday, September 11th. TD Cowen increased their price target on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. KeyCorp raised their target price on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Seaport Res Ptn lowered shares of Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 6th. Finally, Oppenheimer raised their price target on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,328.87.

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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