Van Lanschot Kempen Investment Management N.V. Buys Shares of 13,189 Netflix, Inc. $NFLX

Key Points

• Van Lanschot Kempen Investment Management N.V. has acquired 13,189 shares of Netflix, Inc. valued at approximately $12.3 million in the first quarter, as reported in their SEC filing.
• Several hedge funds, including J. Safra Sarasin Holding AG, have recently increased their stakes in Netflix, with institutional investors now owning 80.93% of the stock.
• Netflix reported a quarterly earnings per share of $7.19, exceeding estimates, with revenue of $11.08 billion, reflecting a significant year-over-year growth of 15.9%.

Van Lanschot Kempen Investment Management N.V. purchased a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,189 shares of the Internet television network's stock, valued at approximately $12,299,000.

Several other hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC grew its position in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after purchasing an additional 257 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after buying an additional 144 shares during the last quarter. BIP Wealth LLC grew its holdings in shares of Netflix by 23.8% in the fourth quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock worth $403,000 after acquiring an additional 87 shares during the period. Transce3nd LLC purchased a new stake in Netflix during the fourth quarter valued at $32,000. Finally, J. Safra Sarasin Holding AG increased its position in Netflix by 72.1% during the fourth quarter. J. Safra Sarasin Holding AG now owns 7,609 shares of the Internet television network's stock valued at $6,789,000 after acquiring an additional 3,187 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Netflix news, Director Reed Hastings sold 26,933 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $1,211.66, for a total transaction of $32,633,638.78. Following the completion of the transaction, the director owned 394 shares of the company's stock, valued at $477,394.04. This represents a 98.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jay C. Hoag sold 31,750 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the transaction, the director owned 63,040 shares of the company's stock, valued at approximately $78,948,144. The trade was a 33.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 146,307 shares of company stock valued at $179,443,809. 1.37% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. KeyCorp raised their target price on Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Barclays restated a "sell" rating and set a $1,100.00 target price (up from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Robert W. Baird upped their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Morgan Stanley reiterated an "equal weight" rating on shares of Netflix in a research note on Monday, July 21st. Finally, UBS Group restated a "market underperform" rating on shares of Netflix in a research note on Saturday, July 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,297.66.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $1,214.15 on Wednesday. The stock has a market cap of $515.93 billion, a PE ratio of 51.73, a price-to-earnings-growth ratio of 2.10 and a beta of 1.59. Netflix, Inc. has a 1 year low of $660.80 and a 1 year high of $1,341.15. The firm has a fifty day moving average price of $1,231.86 and a 200-day moving average price of $1,106.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the prior year, the firm posted $4.88 EPS. Netflix'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. Equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.