Banco Santander S.A. Acquires 11,245 Shares of Netflix, Inc. $NFLX

Banco Santander S.A. lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 18.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 70,607 shares of the Internet television network’s stock after buying an additional 11,245 shares during the period. Netflix makes up about 0.9% of Banco Santander S.A.’s portfolio, making the stock its 18th largest position. Banco Santander S.A.’s holdings in Netflix were worth $94,552,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BG Investment Services Inc. purchased a new position in shares of Netflix in the 2nd quarter worth approximately $338,000. Resurgent Financial Advisors LLC grew its position in shares of Netflix by 234.4% in the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock worth $942,000 after buying an additional 708 shares during the last quarter. MRA Advisory Group grew its position in shares of Netflix by 28.4% in the 2nd quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock worth $1,231,000 after buying an additional 203 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Netflix by 42.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock worth $412,059,000 after buying an additional 130,946 shares during the last quarter. Finally, Sava Infond d.o.o. grew its position in shares of Netflix by 25.1% in the 2nd quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network’s stock worth $2,002,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $1,094.69 on Monday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $747.77 and a 12 month high of $1,341.15. The company has a 50 day simple moving average of $1,207.21 and a two-hundred day simple moving average of $1,189.16. The stock has a market cap of $463.85 billion, a price-to-earnings ratio of 45.73, a PEG ratio of 1.89 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $11.52 billion. During the same quarter in the previous year, the firm posted $5.40 earnings per share. The business’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, analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the completion of the sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,327,734.41. The trade was a 41.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction that occurred on 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 sale, the director owned 394 shares of the company’s stock, valued at approximately $461,736.48. The trade was a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,100 shares of company stock worth $122,710,980. Corporate insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the topic of a number of analyst reports. Argus set a $1,410.00 price objective on shares of Netflix in a research report on Thursday. Itau BBA Securities began coverage on shares of Netflix in a research report on Tuesday, October 7th. They set an “outperform” rating and a $1,514.00 target price on the stock. Jefferies Financial Group reissued a “buy” rating and set a $1,500.00 target price on shares of Netflix in a research report on Wednesday, October 22nd. UBS Group set a $1,500.00 target price on shares of Netflix in a research report on Wednesday. Finally, Loop Capital raised shares of Netflix from a “hold” rating to a “buy” rating and boosted their target price for the stock from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Netflix currently has a consensus 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.