Sava Infond d.o.o. increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 25.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,495 shares of the Internet television network’s stock after purchasing an additional 300 shares during the period. Sava Infond d.o.o.’s holdings in Netflix were worth $2,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in NFLX. Brighton Jones LLC raised its holdings in shares of Netflix by 5.0% during the fourth 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 last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after purchasing an additional 144 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Netflix by 16.4% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 1,756 shares of the Internet television network’s stock worth $1,638,000 after purchasing an additional 248 shares during the last quarter. Matrix Trust Co raised its holdings in shares of Netflix by 30.2% during the first quarter. Matrix Trust Co now owns 237 shares of the Internet television network’s stock worth $221,000 after purchasing an additional 55 shares during the last quarter. Finally, Breakwater Capital Group raised its holdings in shares of Netflix by 7.7% during the first quarter. Breakwater Capital Group now owns 589 shares of the Internet television network’s stock worth $549,000 after purchasing an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.
Insiders Place Their Bets
In other news, CEO Theodore A. Sarandos sold 2,026 shares of the company’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the transaction, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Reed Hastings sold 42,176 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the completion of the transaction, the director owned 394 shares of the company’s stock, valued at approximately $461,736.48. The trade was a 99.07% 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. 1.37% of the stock is currently owned by company insiders.
Netflix Price Performance
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, beating 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 firm had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. During the same quarter in the previous year, the business posted $4.88 earnings per share. The business’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. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.
Wall Street Analysts Forecast Growth
NFLX has been the subject of several recent research reports. Piper Sandler raised their target price on shares of Netflix from $1,400.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Zacks Research lowered shares of Netflix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Wedbush restated an “outperform” rating and set a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Sanford C. Bernstein raised their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Netflix in a research report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $1,335.00.
View Our Latest Report on NFLX
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.
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