Netflix, Inc. $NFLX Shares Purchased by Ascent Group LLC

Ascent Group LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 22.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 8,432 shares of the Internet television network’s stock after purchasing an additional 1,572 shares during the quarter. Ascent Group LLC’s holdings in Netflix were worth $11,292,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NFLX. Nuveen LLC acquired a new stake in Netflix during the 1st quarter worth $2,385,585,000. Kingstone Capital Partners Texas LLC raised its stake in Netflix by 343,058.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock worth $3,299,450,000 after acquiring an additional 2,463,158 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Netflix by 57.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock worth $3,164,134,000 after acquiring an additional 1,236,251 shares in the last quarter. Amundi raised its stake in Netflix by 37.7% during the 1st quarter. Amundi now owns 2,070,221 shares of the Internet television network’s stock worth $1,898,496,000 after acquiring an additional 567,251 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Netflix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock worth $35,433,585,000 after purchasing an additional 509,255 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Down 0.8%

NFLX stock opened at $1,153.32 on Friday. The company has a market cap of $490.08 billion, a P/E ratio of 49.14, a P/E/G ratio of 1.96 and a beta of 1.59. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The company’s 50-day moving average price is $1,207.36 and its 200 day moving average price is $1,158.96. 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, topping analysts’ consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NFLX shares. Phillip Securities downgraded shares of Netflix from a “hold” rating to a “strong sell” rating in a research report on Monday, July 21st. Rosenblatt Securities raised their price objective on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. BMO Capital Markets reissued an “outperform” rating and set a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Pivotal Research reissued a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Finally, Sanford C. Bernstein raised their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,335.00.

Insider Activity

In related news, Director Reed Hastings sold 42,176 shares of the business’s stock in a transaction dated 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $2,344,973.44. Following the transaction, the chief executive officer owned 12,781 shares of the company’s stock, 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 have sold 104,100 shares of company stock valued at $122,710,980 in the last quarter. Insiders own 1.37% of the company’s stock.

Netflix 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.