Tocqueville Asset Management L.P. Has $7.57 Million Position in Netflix, Inc. $NFLX

Key Points

• Tocqueville Asset Management L.P. increased its holdings in Netflix, Inc. by 234.5%, owning a total of 8,114 shares valued at approximately $7.57 million after the recent purchase.
• In the 1st quarter, GAMMA Investing LLC significantly boosted its stake in Netflix by 109,524.3%, acquiring over 8.8 million shares valued at around $8.24 billion.
• Analysts remain optimistic about Netflix, with a consensus rating of "Moderate Buy" and an average target price of $1,297.66, highlighting a mix of buy, hold, and sell ratings across different firms.

Tocqueville Asset Management L.P. lifted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 234.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,114 shares of the Internet television network's stock after purchasing an additional 5,688 shares during the period. Tocqueville Asset Management L.P.'s holdings in Netflix were worth $7,567,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Fullcircle Wealth LLC raised its position in shares of Netflix by 2.5% in the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock valued at $344,000 after buying an additional 9 shares in the last quarter. Mission Creek Capital Partners Inc. raised its position in shares of Netflix by 0.3% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after buying an additional 10 shares in the last quarter. Continuum Wealth Advisors LLC raised its position in shares of Netflix by 4.4% in the first quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock valued at $219,000 after buying an additional 10 shares in the last quarter. Financial Enhancement Group LLC raised its position in shares of Netflix by 2.5% in the first quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network's stock valued at $384,000 after buying an additional 10 shares in the last quarter. Finally, Saxony Capital Management LLC raised its position in shares of Netflix by 1.4% in the first quarter. Saxony Capital Management LLC now owns 707 shares of the Internet television network's stock valued at $659,000 after buying an additional 10 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

Shares of NASDAQ:NFLX traded up $0.98 during trading on Wednesday, hitting $1,215.13. 1,776,728 shares of the company were exchanged, compared to its average volume of 4,150,246. 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, Inc. has a 1-year low of $660.80 and a 1-year high of $1,341.15. The company has a market capitalization of $516.35 billion, a P/E ratio of 51.82, a price-to-earnings-growth ratio of 2.10 and a beta of 1.59. The business's 50 day moving average is $1,231.86 and its 200-day moving average is $1,106.54.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter in the previous year, the firm posted $4.88 earnings per share. Netflix's revenue for the quarter was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the sale, the chief executive officer owned 12,781 shares of the company's stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the sale, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 146,307 shares of company stock valued at $179,443,809 over the last quarter. 1.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NFLX. Pivotal Research reiterated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Canaccord Genuity Group restated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Oppenheimer boosted their price objective on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a research report on Thursday, June 12th. Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a research report on Monday, April 28th. Finally, Barclays restated a "sell" rating and set a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target 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.