Netflix, Inc. $NFLX Shares Purchased by Flputnam Investment Management Co.

Flputnam Investment Management Co. boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 28.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,326 shares of the Internet television network’s stock after acquiring an additional 8,095 shares during the quarter. Flputnam Investment Management Co.’s holdings in Netflix were worth $2,594,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NFLX. Imprint Wealth LLC purchased a new stake in Netflix in the 3rd quarter valued at about $25,000. Cornerstone Financial Management LLC acquired a new position in shares of Netflix in the 4th quarter worth approximately $26,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Netflix in the 2nd quarter worth approximately $26,000. Atlas Capital Advisors Inc. purchased a new position in shares of Netflix during the 4th quarter worth approximately $26,000. Finally, Jessup Wealth Management Inc acquired a new stake in Netflix in the 4th quarter valued at approximately $27,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Bill Ackman’s Pershing Square reportedly added approximately 13.1 million Netflix shares, making NFLX one of the hedge fund’s new concentrated holdings. The move may bolster investor confidence in Netflix’s valuation and long-term earnings potential. Bill Ackman portfolio overhaul article
• Positive Sentiment: Analysts and market commentators point to Netflix’s rapidly expanding advertising business, a potential $3 billion advertising revenue opportunity, continued global expansion and margin growth as catalysts for a possible recovery toward $100 and beyond. Record share buybacks could further support earnings per share. Netflix stock price prediction article
• Positive Sentiment: Netflix is being described as an undervalued long-term holding, with bullish arguments centered on double-digit revenue growth, free-cash-flow generation and the ability to monetize live events and lower-priced ad-supported plans. Netflix five-year outlook article
• Neutral Sentiment: The Netflix preview of Grand Theft Auto VI attracted significant online attention and traffic, but the immediate stock-market beneficiary appears to be Take-Two Interactive, the game’s publisher, rather than Netflix. GTA 6 Netflix preview article
• Negative Sentiment: Some analysts argue that Netflix’s growth is moderating and that Alphabet offers stronger diversification, advertising exposure and valuation. Recent commentary also identifies resistance near $82 and muted enthusiasm following the latest earnings report. NFLX versus GOOGL article
• Negative Sentiment: Reported insider activity remains a potential overhang: executives and directors made numerous sales and no purchases over the past six months. Investors may interpret the selling as reduced insider conviction, although it may also reflect routine diversification. Netflix ad monetization and market resistance article

Netflix Stock Performance

NASDAQ NFLX opened at $81.72 on Monday. Netflix, Inc. has a 52 week low of $65.08 and a 52 week high of $126.71. The firm has a 50 day moving average of $74.65 and a two-hundred day moving average of $84.35. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $340.28 billion, a PE ratio of 25.72, a price-to-earnings-growth ratio of 1.03 and a beta of 1.52.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.01. The business had revenue of $12.56 billion during the quarter, compared to analysts’ expectations of $12.58 billion. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 EPS. As a group, research analysts expect that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 5,723 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $72.85, for a total value of $416,920.55. Following the transaction, the insider directly owned 316,100 shares in the company, valued at $23,027,885. This represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Theodore A. Sarandos sold 105,850 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $73.03, for a total transaction of $7,730,225.50. Following the sale, the chief executive officer owned 206,266 shares of the company’s stock, valued at $15,063,605.98. This represents a 33.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 213,595 shares of company stock worth $15,812,072. 1.24% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. TD Cowen lowered their price target on Netflix from $112.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, July 17th. Moffett Nathanson lowered their target price on Netflix from $120.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, June 17th. Citigroup reiterated a “market perform” rating on shares of Netflix in a research note on Monday, August 17th. Rosenblatt Securities set a $75.00 price objective on shares of Netflix and gave the company a “neutral” rating in a report on Friday, July 17th. Finally, Jefferies Financial Group reduced their target price on shares of Netflix from $128.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, June 10th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.19.

About Netflix

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.