TTP Investments Inc. Takes Position 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 its most recent disclosure with the SEC. The institutional investor bought 5,972 shares of the Internet television network's stock, valued at approximately $7,998,000. Netflix accounts for approximately 2.6% of TTP Investments Inc.'s holdings, making the stock its 10th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. 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 position in Netflix during the 1st quarter worth $2,385,585,000. Kingstone Capital Partners Texas LLC grew its holdings in shares of Netflix by 343,058.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network's stock valued at $3,299,450,000 after acquiring an additional 2,463,158 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Netflix by 57.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock valued at $3,164,134,000 after acquiring an additional 1,236,251 shares during the last quarter. Finally, Amundi grew its stake in shares of Netflix by 37.7% in the first quarter. Amundi now owns 2,070,221 shares of the Internet television network's stock worth $1,898,496,000 after purchasing an additional 567,251 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on NFLX. Canaccord Genuity Group restated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Wall Street Zen raised shares of Netflix from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Wells Fargo & Company increased their price target on Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Jefferies Financial Group reissued a "buy" rating on shares of Netflix in a research report on Thursday, September 11th. Finally, Needham & Company LLC reissued a "buy" rating and set a $1,500.00 price target on shares of Netflix in a research report on Wednesday, September 10th. 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's stock. According to data from MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and an average price target of $1,328.87.

Netflix Trading Up 1.6%

NFLX traded up $19.19 on Friday, reaching $1,226.97. 4,943,369 shares of the company traded hands, compared to its average volume of 2,749,690. The firm has a fifty day simple moving average of $1,212.49 and a two-hundred day simple moving average of $1,142.30. The company has a market cap of $521.38 billion, a P/E ratio of 52.28, a price-to-earnings-growth ratio of 2.07 and a beta of 1.60. 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 one year low of $677.88 and a one year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its 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. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period last year, the firm posted $4.88 earnings per share. The company's revenue for the quarter 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, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling

In other Netflix news, CEO Theodore A. Sarandos 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 $1,160.62, for a total value of $2,351,416.12. Following the completion of the sale, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the director directly owned 394 shares in the company, valued at approximately $475,837.74. This represents a 98.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 89,348 shares of company stock worth $109,498,489. Corporate insiders own 1.37% of the company's stock.

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.