Westwind Capital Takes $17.77 Million Position in Netflix, Inc. $NFLX

Key Points

• Westwind Capital has purchased 13,270 shares of Netflix, Inc. for approximately $17.77 million, making it the 13th largest position in their investment portfolio.
• Netflix reported an earnings per share (EPS) of $7.19, exceeding the consensus estimate of $7.07, with quarterly revenue reaching $11.08 billion.
• Insider transactions included CEO Gregory K. Peters and CFO Spencer Adam Neumann selling shares, with insiders collectively selling 89,348 shares valued at over $109 million in the last quarter.

Westwind Capital acquired a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,270 shares of the Internet television network's stock, valued at approximately $17,770,000. Netflix comprises about 3.6% of Westwind Capital's portfolio, making the stock its 13th biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BDF Gestion bought a new stake in Netflix during the second quarter worth about $9,374,000. Pinnacle Bancorp Inc. raised its stake in shares of Netflix by 84.4% in the second quarter. Pinnacle Bancorp Inc. now owns 59 shares of the Internet television network's stock worth $79,000 after purchasing an additional 27 shares during the last quarter. My Legacy Advisors LLC increased its position in shares of Netflix by 6.0% during the 2nd quarter. My Legacy Advisors LLC now owns 722 shares of the Internet television network's stock valued at $903,000 after purchasing an additional 41 shares during the last quarter. AA Financial Advisors LLC lifted its holdings in Netflix by 11.8% during the second quarter. AA Financial Advisors LLC now owns 1,283 shares of the Internet television network's stock valued at $1,718,000 after purchasing an additional 135 shares during the last quarter. Finally, SeaCrest Wealth Management LLC increased its position in shares of Netflix by 21.7% in the second quarter. SeaCrest Wealth Management LLC now owns 4,934 shares of the Internet television network's stock worth $6,607,000 after purchasing an additional 879 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

Shares of NFLX traded up $19.19 during midday trading on Friday, hitting $1,226.97. 4,943,369 shares of the stock traded hands, compared to its average volume of 2,749,690. 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 firm has a market capitalization of $521.38 billion, a PE ratio of 52.28, a price-to-earnings-growth ratio of 2.07 and a beta of 1.60. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15. The business's 50 day moving average price is $1,212.49 and its two-hundred day moving average price is $1,140.66.

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 for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm 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 company earned $4.88 EPS. The firm'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. Equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Morgan Stanley reaffirmed an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. Jefferies Financial Group reiterated a "buy" rating on shares of Netflix in a report on Thursday, September 11th. Sanford C. Bernstein raised their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. BMO Capital Markets reissued an "outperform" rating and issued a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Finally, Wells Fargo & Company upped their price objective on Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,328.87.

Insider Activity at Netflix

In related news, Director Reed Hastings sold 25,959 shares of the 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 sale, the director directly owned 394 shares in the company, valued at $475,837.74. This represents a 98.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the transaction, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,348 shares of company stock worth $109,498,489 in the last quarter. 1.37% of the stock is currently owned by corporate insiders.

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.