Vanguard Personalized Indexing Management LLC Boosts Stock Holdings in Netflix, Inc. $NFLX

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Netflix by 20.4%, owning 69,723 shares valued at approximately $93 million, making it the firm's 14th largest holding.
• Other institutional investors, including Resurgent Financial Advisors and BNP PARIBAS ASSET MANAGEMENT, also expanded their holdings in Netflix, indicating growing confidence in the company.
• Netflix reported $7.19 earnings per share last quarter, exceeding expectations, with revenue up 15.9% year-over-year, and has a market cap nearing $518 billion.

Vanguard Personalized Indexing Management LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 20.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,723 shares of the Internet television network's stock after purchasing an additional 11,821 shares during the quarter. Netflix makes up about 1.1% of Vanguard Personalized Indexing Management LLC's portfolio, making the stock its 14th biggest holding. Vanguard Personalized Indexing Management LLC's holdings in Netflix were worth $93,413,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Resurgent Financial Advisors LLC increased its holdings in shares of Netflix by 234.4% during the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock valued at $942,000 after purchasing an additional 708 shares in the last quarter. MRA Advisory Group increased its holdings in shares of Netflix by 28.4% during the 2nd quarter. MRA Advisory Group now owns 919 shares of the Internet television network's stock valued at $1,231,000 after purchasing an additional 203 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Netflix by 42.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock valued at $412,059,000 after purchasing an additional 130,946 shares in the last quarter. Sava Infond d.o.o. increased its holdings in shares of Netflix by 25.1% during the 2nd quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network's stock valued at $2,002,000 after purchasing an additional 300 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. increased its holdings in shares of Netflix by 1.4% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network's stock valued at $1,324,000 after purchasing an additional 14 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,220.08 on Friday. The company's 50-day moving average price is $1,210.84 and its 200-day moving average price is $1,168.46. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market cap of $518.44 billion, a P/E ratio of 51.98, a P/E/G ratio of 2.05 and a beta of 1.59. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15.

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 for the quarter, topping the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last 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. On average, sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NFLX shares. Itau BBA Securities began coverage on shares of Netflix in a report on Tuesday, October 7th. They set an "outperform" rating and a $1,514.00 target price for the company. The Goldman Sachs Group cut their price target on shares of Netflix from $1,310.00 to $1,300.00 and set a "neutral" rating for the company in a report on Tuesday, September 30th. Phillip Securities lowered shares of Netflix from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. Morgan Stanley reissued an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Netflix in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,337.63.

Insider Activity

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at approximately $4,290,418.40. The trade was a 41.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the transaction, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,100 shares of company stock worth $122,710,980. Insiders own 1.37% of the company's stock.

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.

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