Netflix, Inc. $NFLX Shares Bought by Bennett Selby Investments LP

Bennett Selby Investments LP grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 5,884 shares of the Internet television network’s stock after purchasing an additional 24 shares during the quarter. Netflix makes up about 2.8% of Bennett Selby Investments LP’s holdings, making the stock its 12th largest position. Bennett Selby Investments LP’s holdings in Netflix were worth $7,879,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in NFLX. Nuveen LLC acquired a new position in Netflix during the 1st quarter worth $2,385,585,000. Kingstone Capital Partners Texas LLC grew its holdings 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. grew its holdings 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 boosted its holdings in shares of Netflix by 37.7% in the 1st quarter. Amundi now owns 2,070,221 shares of the Internet television network’s stock valued at $1,898,496,000 after buying an additional 567,251 shares during the period. Finally, Vanguard Group Inc. boosted its holdings 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 buying an additional 509,255 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Netflix

In other Netflix news, Director Reed Hastings sold 25,959 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the sale, the director directly owned 394 shares in the company, valued at approximately $475,837.74. The trade was a 98.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the business’s 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 sale, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,324 shares of company stock worth $70,235,556 in the last three months. Insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. TD Cowen lifted their price target on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a “buy” rating in a report on Friday, July 18th. Wall Street Zen raised shares of Netflix from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Phillip Securities lowered shares of Netflix from a “hold” rating to a “strong sell” rating in a report on Monday, July 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,500.00 price target on shares of Netflix in a report on Wednesday, September 10th. Finally, UBS Group reaffirmed a “market underperform” rating on shares of Netflix in a report on Saturday, July 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,328.87.

Netflix Price Performance

Shares of NFLX opened at $1,206.41 on Tuesday. The firm has a market capitalization of $512.63 billion, a price-to-earnings ratio of 51.40, a price-to-earnings-growth ratio of 2.04 and a beta of 1.60. 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, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The stock’s fifty day moving average is $1,208.21 and its 200-day moving average is $1,155.55.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS 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 company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period last year, the company earned $4.88 earnings per share. The company’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. Equities analysts anticipate 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.