Banco BTG Pactual S.A. Has $2.32 Million Position in Netflix, Inc. $NFLX

Banco BTG Pactual S.A. increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 19.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,489 shares of the Internet television network’s stock after acquiring an additional 399 shares during the period. Banco BTG Pactual S.A.’s holdings in Netflix were worth $2,321,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC grew its stake in Netflix by 100.0% in the first 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 during the period. Brown Shipley& Co Ltd acquired a new position in Netflix in the fourth quarter valued at about $27,000. Transce3nd LLC acquired a new stake in Netflix in the fourth quarter valued at about $32,000. Copia Wealth Management acquired a new stake in shares of Netflix during the fourth quarter valued at about $37,000. Finally, Stuart Chaussee & Associates Inc. lifted its holdings in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock worth $41,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Sanford C. Bernstein boosted their target price 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. Seaport Res Ptn downgraded shares of Netflix from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 6th. Pivotal Research reissued a “buy” rating on shares of Netflix in a report on Thursday, July 10th. KeyCorp boosted their target price 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. Finally, Phillip Securities cut Netflix from a “hold” rating to a “strong sell” rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,297.66.

Insider Transactions at Netflix

In related news, Director Reed Hastings sold 26,933 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $1,211.66, for a total transaction of $32,633,638.78. Following the transaction, the director owned 394 shares in the company, valued at $477,394.04. This trade represents a 98.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jay C. Hoag sold 31,750 shares of the firm’s 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 sale, the director owned 63,040 shares of the company’s stock, valued at approximately $78,948,144. The trade was a 33.50% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,307 shares of company stock valued at $179,443,809. 1.37% of the stock is owned by company insiders.

Netflix Trading Down 2.5%

NASDAQ:NFLX opened at $1,214.15 on Wednesday. The company has a 50-day moving average price of $1,231.86 and a 200-day moving average price of $1,106.54. Netflix, Inc. has a 12 month low of $660.80 and a 12 month high of $1,341.15. The stock has a market cap of $515.93 billion, a price-to-earnings ratio of 51.73, a P/E/G ratio of 2.10 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 (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.Netflix’s revenue was up 15.9% compared to the same quarter last year. 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. Equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

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.