Fulton Breakefield Broenniman LLC Raises Holdings in Netflix, Inc. $NFLX

Fulton Breakefield Broenniman LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,306 shares of the Internet television network’s stock after purchasing an additional 159 shares during the period. Netflix makes up approximately 1.5% of Fulton Breakefield Broenniman LLC’s investment portfolio, making the stock its 20th biggest position. Fulton Breakefield Broenniman LLC’s holdings in Netflix were worth $21,836,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Nuveen LLC purchased a new position in Netflix in the first quarter worth about $2,385,585,000. Kingstone Capital Partners Texas LLC raised its stake in shares of Netflix by 343,058.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock valued at $3,299,450,000 after acquiring an additional 2,463,158 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Netflix by 57.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock worth $3,164,134,000 after buying an additional 1,236,251 shares in the last quarter. Amundi raised its stake in Netflix by 37.7% in the first quarter. Amundi now owns 2,070,221 shares of the Internet television network’s stock worth $1,898,496,000 after buying an additional 567,251 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Netflix by 1.4% in the first 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 in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In related news, Director Reed Hastings sold 42,176 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were 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 approximately $461,736.48. This represents a 99.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were 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 directly owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock worth $122,710,980 in the last 90 days. 1.37% of the stock is owned by insiders.

Netflix Stock Up 1.9%

NFLX opened at $1,214.25 on Thursday. 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 moving average price of $1,208.18 and a 200 day moving average price of $1,163.77. The company has a market cap of $515.97 billion, a PE ratio of 51.74, a price-to-earnings-growth ratio of 2.00 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating 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 company had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. During the same quarter in the prior year, the company earned $4.88 EPS. Netflix’s 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. Sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Pivotal Research reaffirmed a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Cowen restated a “buy” rating on shares of Netflix in a research report on Tuesday. Weiss Ratings restated a “buy (b)” rating on shares of Netflix in a research report on Wednesday. Rosenblatt Securities upped their price objective on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $1,500.00 price objective on shares of Netflix in a research report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average target price of $1,337.63.

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.