Sutton Place Investors LLC Grows Stake in Netflix, Inc. $NFLX

Sutton Place Investors LLC boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 24.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 545 shares of the Internet television network’s stock after purchasing an additional 107 shares during the quarter. Sutton Place Investors LLC’s holdings in Netflix were worth $730,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC boosted its position in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 13 shares in the last quarter. Maseco LLP bought a new stake in Netflix during the 2nd quarter valued at $39,000. Ransom Advisory Ltd bought a new stake in Netflix during the 2nd quarter valued at $47,000. Flaharty Asset Management LLC bought a new stake in Netflix during the 1st quarter valued at $37,000. Finally, Signature Resources Capital Management LLC boosted its position in Netflix by 740.0% during the 2nd quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network’s stock valued at $56,000 after acquiring an additional 37 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Performance

NASDAQ NFLX opened at $1,153.32 on Friday. The stock has a 50-day simple moving average of $1,207.36 and a two-hundred day simple moving average of $1,160.35. The firm has a market capitalization of $490.08 billion, a P/E ratio of 49.14, a PEG ratio of 1.94 and a beta of 1.59. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34.

Netflix (NASDAQ:NFLX) last released 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 return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter last year, the business posted $4.88 EPS. The company’s revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Transactions at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. The trade was a 13.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the completion of the transaction, the chief financial officer owned 3,691 shares of the company’s stock, valued at approximately $4,290,418.40. This represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock worth $122,710,980 over the last quarter. Company insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on NFLX shares. TD Cowen increased their target price on Netflix from $1,440.00 to $1,450.00 and gave the company a “buy” rating in a research report on Friday, July 18th. JPMorgan Chase & Co. raised their price objective on Netflix from $1,230.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Friday, July 18th. Canaccord Genuity Group reissued a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. UBS Group reissued a “market underperform” rating on shares of Netflix in a research report on Saturday, July 19th. Finally, KeyCorp raised their price objective 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. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,335.00.

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.