LGT Fund Management Co Ltd. Acquires 1,135 Shares of Netflix, Inc. $NFLX

LGT Fund Management Co Ltd. boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 246.7% in the second quarter, Holdings Channel reports. The firm owned 1,595 shares of the Internet television network’s stock after purchasing an additional 1,135 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Netflix were worth $2,136,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC grew its position 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 purchasing an additional 13 shares in the last quarter. Maseco LLP bought a new position in Netflix in the second quarter valued at $39,000. Ransom Advisory Ltd bought a new position in Netflix in the second quarter valued at $47,000. Flaharty Asset Management LLC bought a new position in Netflix in the first quarter valued at $37,000. Finally, Signature Resources Capital Management LLC grew its position in Netflix by 740.0% in the second quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network’s stock valued at $56,000 after purchasing an additional 37 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of analyst reports. Sanford C. Bernstein lifted their price objective 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. Citigroup reissued a “neutral” rating and issued a $1,295.00 price objective (up previously from $1,280.00) on shares of Netflix in a research report on Friday. Robert W. Baird lifted their price objective on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Jefferies Financial Group reissued a “buy” rating on shares of Netflix in a research report on Thursday, September 11th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. One investment 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,335.00.

Netflix Price Performance

Shares of Netflix stock opened at $1,153.32 on Friday. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a 50-day simple moving average of $1,207.36 and a two-hundred day simple moving average of $1,158.96. The stock has a market capitalization of $490.08 billion, a price-to-earnings ratio of 49.14, a price-to-earnings-growth ratio of 1.96 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business 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 company earned $4.88 EPS. The business’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. Analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction dated 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 sale, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. The trade was a 11.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the completion of the sale, the director owned 394 shares of the company’s stock, valued at $461,736.48. This trade represents a 99.07% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is currently owned by insiders.

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.