TTP Investments Inc. Makes New Investment in Netflix, Inc. $NFLX

Key Points

• TTP Investments Inc. has made a new investment in Netflix, Inc., purchasing 5,972 shares valued at approximately $7,998,000, which represents about 2.6% of its investment portfolio.
• Several institutional investors, including Vanguard Group and Price T Rowe Associates, have also increased their stakes in Netflix, with institutional ownership now at 80.93%.
• Netflix's stock performance reflects a market cap of $521.37 billion and earnings per share that beat consensus estimates, driving analysts to maintain a generally positive outlook with a consensus rating of "Moderate Buy."

TTP Investments Inc. bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,972 shares of the Internet television network's stock, valued at approximately $7,998,000. Netflix comprises about 2.6% of TTP Investments Inc.'s portfolio, making the stock its 10th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. GAMMA Investing LLC increased its stake 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 last quarter. Nuveen LLC acquired a new stake in Netflix during the first quarter worth $2,385,585,000. Kingstone Capital Partners Texas LLC increased its stake in 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 acquiring an additional 2,463,158 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in 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 acquiring an additional 1,236,251 shares during the last quarter. Finally, Amundi increased its stake in 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 acquiring an additional 567,251 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 2,026 shares of the company'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 value of $2,344,973.44. Following the sale, the chief executive officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,290,418.40. The trade was a 41.34% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,348 shares of company stock worth $109,498,489. Company insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NFLX. Oppenheimer lifted their price objective on Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. KeyCorp lifted their price objective on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. TD Cowen lifted their price objective on Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Piper Sandler lifted their price objective on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $1,250.00 price objective (up from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,328.87.

Netflix Stock Up 0.0%

NASDAQ NFLX traded up $0.40 during trading on Monday, reaching $1,227.37. 2,543,834 shares of the company's stock were exchanged, compared to its average volume of 3,995,499. The stock has a market cap of $521.55 billion, a P/E ratio of 52.30, a price-to-earnings-growth ratio of 2.07 and a beta of 1.60. 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 company has a 50 day moving average price of $1,212.49 and a two-hundred day moving average price of $1,142.30. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15.

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