Netflix, Inc. $NFLX Stake Lifted by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 180.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,478 shares of the Internet television network’s stock after buying an additional 35,698 shares during the quarter. Netflix comprises approximately 1.0% of AEGON ASSET MANAGEMENT UK Plc’s holdings, making the stock its 24th largest position. AEGON ASSET MANAGEMENT UK Plc’s holdings in Netflix were worth $74,247,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its holdings in shares of Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after buying an additional 257 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after purchasing an additional 144 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Netflix by 17.6% in the first quarter. GAMMA Investing LLC now owns 9,475 shares of the Internet television network’s stock worth $8,836,000 after purchasing an additional 1,415 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Netflix by 28.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 91,054 shares of the Internet television network’s stock valued at $84,909,000 after buying an additional 20,152 shares during the period. Finally, Acropolis Investment Management LLC lifted its holdings in shares of Netflix by 10.1% in the first quarter. Acropolis Investment Management LLC now owns 327 shares of the Internet television network’s stock valued at $305,000 after buying an additional 30 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the transaction, the chief financial officer owned 3,691 shares of the company’s stock, valued at $4,290,418.40. This trade represents a 41.34% 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 over the last three months. 1.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NFLX has been the subject of several analyst reports. Sanford C. Bernstein upped their target price on Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a report on Thursday, July 17th. Rosenblatt Securities upped their target price on Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Loop Capital raised Netflix from a “hold” rating to a “buy” rating and upped their target price for the stock from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. KeyCorp increased their price objective on Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Finally, Zacks Research lowered Netflix from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average target price of $1,337.63.

Netflix Price Performance

Shares of NFLX stock opened at $1,215.35 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $516.43 billion, a P/E ratio of 51.78, a P/E/G ratio of 2.05 and a beta of 1.59. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The stock has a 50 day moving average of $1,213.15 and a two-hundred day moving average of $1,172.10.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.Netflix’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities analysts expect that Netflix, Inc. will post 24.58 EPS 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.