Allspring Global Investments Holdings LLC Raises Stock Position in Netflix, Inc. $NFLX

Allspring Global Investments Holdings LLC boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 48.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 278,733 shares of the Internet television network’s stock after purchasing an additional 90,888 shares during the period. Netflix makes up 0.6% of Allspring Global Investments Holdings LLC’s holdings, making the stock its 25th biggest holding. Allspring Global Investments Holdings LLC’s holdings in Netflix were worth $360,569,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC increased its position in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 13 shares during the last quarter. Maseco LLP acquired a new stake in shares of Netflix during the second quarter valued at about $39,000. Ransom Advisory Ltd acquired a new stake in shares of Netflix during the second quarter valued at about $47,000. Flaharty Asset Management LLC acquired a new stake in shares of Netflix during the first quarter valued at about $37,000. Finally, Signature Resources Capital Management LLC increased its position in shares of Netflix by 740.0% during the second quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network’s stock valued at $56,000 after acquiring an additional 37 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the transaction, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Reed Hastings sold 42,176 shares of Netflix 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 transaction of $49,426,897.92. Following the completion of the transaction, the director owned 394 shares of the company’s stock, valued at $461,736.48. This represents a 99.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock valued at $122,710,980 over the last ninety days. 1.37% of the stock is currently owned by corporate insiders.

Netflix Trading Down 0.9%

Shares of NFLX stock opened at $1,220.08 on Monday. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The company has a 50 day moving average price of $1,210.84 and a 200 day moving average price of $1,169.80. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market capitalization of $518.45 billion, a P/E ratio of 51.98, a price-to-earnings-growth ratio of 2.05 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $11.04 billion. During the same quarter in the previous year, the firm earned $4.88 earnings per share. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the subject of a number of recent analyst reports. BMO Capital Markets reiterated an “outperform” rating and set a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Wells Fargo & Company lifted their price target on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. Pivotal Research reiterated a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Netflix in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,337.63.

Netflix 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.