172 Shares in Netflix, Inc. $NFLX Acquired by Keb Asset Management LLC

Keb Asset Management LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 172 shares of the Internet television network’s stock, valued at approximately $230,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Netflix by 1.4% during the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock valued at $35,433,585,000 after buying an additional 509,255 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Netflix by 2.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network’s stock valued at $10,940,505,000 after buying an additional 304,399 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Netflix by 1.0% during the first quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network’s stock valued at $4,844,436,000 after buying an additional 53,611 shares in the last quarter. Invesco Ltd. boosted its stake in Netflix by 8.3% during the first quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network’s stock valued at $4,350,083,000 after buying an additional 356,617 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Netflix by 3.5% during the first 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 buying an additional 148,675 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In other news, CEO Theodore A. Sarandos sold 2,026 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the sale, the chief executive officer directly owned 15,168 shares of the company’s stock, valued at $17,604,284.16. This trade represents a 11.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares of the company’s stock, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Down 0.8%

Shares of Netflix stock opened at $1,153.32 on Friday. The stock has a 50-day moving average price of $1,207.36 and a 200 day moving average price of $1,158.96. The company has a market cap of $490.08 billion, a P/E ratio of 49.14, a P/E/G ratio of 1.96 and a beta of 1.59. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15.

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, topping the consensus estimate of $7.07 by $0.12. The firm 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%.The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the business 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, analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NFLX has been the subject of several research reports. TD Cowen raised their target price on Netflix from $1,440.00 to $1,450.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Wedbush reiterated an “outperform” rating and issued a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. JPMorgan Chase & Co. increased their price target on Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” 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, Seaport Res Ptn lowered Netflix from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 6th. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $1,335.00.

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.