WPG Advisers LLC Acquires New Holdings in Netflix, Inc. $NFLX

Key Points

• WPG Advisers LLC invested approximately $623,000 in Netflix, acquiring 668 shares, making it the 28th largest position in their portfolio.
• A number of institutional investors have significantly increased their stakes in Netflix, with GAMMA Investing LLC boosting their position by 109,524.3% in the first quarter.
• Netflix has received analyst upgrades, with Oppenheimer raising the target price from $1,200 to $1,425 and Bank of America lifting it to $1,490, reflecting strong market confidence.

WPG Advisers LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 668 shares of the Internet television network's stock, valued at approximately $623,000. Netflix accounts for about 0.6% of WPG Advisers LLC's investment portfolio, making the stock its 28th largest position.

A number of other large investors also recently bought and sold shares of the stock. GAMMA Investing LLC raised its stake in shares of Netflix by 109,524.3% in the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after acquiring an additional 8,827,662 shares during the period. Nuveen LLC purchased a new position in shares of Netflix in the 1st quarter valued at $2,385,585,000. Goldman Sachs Group Inc. raised its stake in shares of Netflix by 57.3% in the 1st 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 period. Vanguard Group Inc. raised its stake in shares of Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after acquiring an additional 509,255 shares during the period. Finally, Two Sigma Advisers LP raised its stake in shares of Netflix by 935.7% in the 4th quarter. Two Sigma Advisers LP now owns 461,900 shares of the Internet television network's stock valued at $411,701,000 after acquiring an additional 417,300 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Activity at Netflix

In other news, Director Reed Hastings sold 26,933 shares of Netflix stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $1,211.66, for a total value of $32,633,638.78. Following the completion of the transaction, the director directly owned 394 shares of the company's stock, valued at approximately $477,394.04. The trade was a 98.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jay C. Hoag sold 31,750 shares of Netflix stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the completion of the transaction, the director directly owned 63,040 shares of the company's stock, valued at $78,948,144. This trade represents a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 123,163 shares of company stock worth $151,917,174 over the last 90 days. Company insiders own 1.37% of the company's stock.

Netflix Stock Down 1.9%

NFLX stock traded down $23.20 during mid-day trading on Friday, hitting $1,208.25. 3,206,585 shares of the company were exchanged, compared to its average volume of 2,730,890. The company has a market capitalization of $513.42 billion, a PE ratio of 51.48, a price-to-earnings-growth ratio of 2.03 and a beta of 1.59. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a twelve month low of $660.80 and a twelve month high of $1,341.15. The firm has a fifty day simple moving average of $1,231.11 and a 200 day simple moving average of $1,117.41.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last 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, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NFLX shares. Robert W. Baird raised their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Barclays reaffirmed a "sell" rating and set a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Finally, The Goldman Sachs Group raised their price target on shares of Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $1,297.66.

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.