Netflix, Inc. $NFLX Shares Acquired by JB Capital LLC

JB Capital LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 470 shares of the Internet television network’s stock after buying an additional 20 shares during the period. JB Capital LLC’s holdings in Netflix were worth $630,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of NFLX. Vanguard Group Inc. increased its stake in 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 purchasing an additional 509,255 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Netflix by 2.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network’s stock valued at $10,940,505,000 after purchasing an additional 304,399 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Netflix by 1.0% in the 1st quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network’s stock worth $4,844,436,000 after buying an additional 53,611 shares in the last quarter. Invesco Ltd. boosted its position in shares of Netflix by 8.3% in the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network’s stock worth $4,350,083,000 after buying an additional 356,617 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Netflix by 3.5% in the 1st quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network’s stock worth $4,089,765,000 after buying an additional 148,675 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on NFLX. KeyCorp lifted their target price on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Robert W. Baird raised their price objective on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. The Goldman Sachs Group lowered their target price on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. Wedbush restated an “outperform” rating and issued a $1,500.00 price objective (up from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Finally, Zacks Research downgraded Netflix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,337.63.

Insider Activity at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the company’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the sale, the chief financial officer directly owned 3,691 shares in the company, valued at $4,290,418.40. This represents a 41.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider David A. Hyman sold 424 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the sale, the insider owned 31,610 shares of the company’s stock, valued at approximately $36,625,558.70. The trade was a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock valued at $122,710,980 over the last 90 days. 1.37% of the stock is currently owned by insiders.

Netflix Stock Down 0.9%

NFLX opened at $1,220.08 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $518.45 billion, a price-to-earnings ratio of 51.98, a price-to-earnings-growth ratio of 2.07 and a beta of 1.59. The business has a 50-day moving average of $1,210.84 and a two-hundred day moving average of $1,167.10. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations 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% 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, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

About Netflix

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.