Netflix, Inc. $NFLX Shares Bought by VestGen Investment Management

VestGen Investment Management raised its position in Netflix, Inc. (NASDAQ:NFLX) by 262.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 793 shares of the Internet television network’s stock after buying an additional 574 shares during the period. VestGen Investment Management’s holdings in Netflix were worth $1,062,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings 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 worth $35,433,585,000 after buying an additional 509,255 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Netflix by 2.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network’s stock worth $10,940,505,000 after buying an additional 304,399 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in 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 during the last quarter. Invesco Ltd. boosted its holdings in 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 during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in 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 during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Trading Down 1.7%

NFLX opened at $1,094.69 on Friday. Netflix, Inc. has a one year low of $747.77 and a one year high of $1,341.15. The stock has a market capitalization of $463.85 billion, a PE ratio of 45.73, a P/E/G ratio of 1.89 and a beta of 1.59. The business’s 50 day moving average price is $1,207.21 and its 200 day moving average price is $1,187.47. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.34 and a current ratio of 1.33.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). Netflix had a net margin of 24.05% and a return on equity of 41.86%. The business had revenue of $11.51 billion during the quarter, compared to analyst estimates of $11.52 billion. During the same quarter in the prior year, the company posted $5.40 earnings per share. The company’s revenue was up 17.2% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In related news, Director Reed Hastings sold 42,176 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the transaction, the director directly owned 394 shares in the company, valued at approximately $461,736.48. This represents a 99.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the transaction, 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 a total of 104,100 shares of company stock valued at $122,710,980 in the last ninety days. 1.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Barclays restated a “sell” rating and issued a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Guggenheim reissued a “buy” rating and set a $1,450.00 price objective on shares of Netflix in a research note on Wednesday. Wall Street Zen lowered Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. JPMorgan Chase & Co. lowered their price objective on Netflix from $1,300.00 to $1,275.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Netflix in a research note on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,352.78.

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.