Netflix, Inc. $NFLX Shares Acquired by Whipplewood Advisors LLC

Whipplewood Advisors LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 525 shares of the Internet television network’s stock after acquiring an additional 10 shares during the period. Whipplewood Advisors LLC’s holdings in Netflix were worth $703,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock valued at $35,433,585,000 after acquiring an additional 509,255 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Netflix by 2.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network’s stock worth $10,940,505,000 after buying an additional 304,399 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Netflix by 1.0% during the 1st quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network’s stock worth $4,844,436,000 after acquiring an additional 53,611 shares in the last quarter. Invesco Ltd. raised its holdings in Netflix by 8.3% in the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network’s stock worth $4,350,083,000 after acquiring an additional 356,617 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Netflix by 3.5% in the 1st quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network’s stock valued at $4,089,765,000 after purchasing an additional 148,675 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the sale, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. The trade was a 11.78% 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 valued at $122,710,980. Corporate insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on NFLX. Itau BBA Securities started coverage on shares of Netflix in a research note on Tuesday, October 7th. They issued an “outperform” rating and a $1,514.00 target price for the company. Piper Sandler reaffirmed an “overweight” rating and issued a $1,400.00 price objective (down from $1,500.00) on shares of Netflix in a report on Wednesday. The Goldman Sachs Group lowered their target price on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Wells Fargo & Company decreased their price objective on Netflix from $1,560.00 to $1,510.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, KeyCorp boosted their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $1,352.78.

Netflix Stock Performance

Netflix stock opened at $1,094.69 on Friday. Netflix, Inc. has a fifty-two week low of $747.77 and a fifty-two week high of $1,341.15. 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. The stock’s 50 day simple moving average is $1,207.21 and its two-hundred day simple moving average is $1,187.47. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.34 and a current ratio of 1.33.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.88 by ($1.01). The company had revenue of $11.51 billion during the quarter, compared to analysts’ expectations of $11.52 billion. Netflix had a return on equity of 41.86% and a net margin of 24.05%.The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.40 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.