VestGen Investment Management Raises Position in Netflix, Inc. $NFLX

VestGen Investment Management grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 262.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 793 shares of the Internet television network’s stock after purchasing an additional 574 shares during the period. VestGen Investment Management’s holdings in Netflix were worth $1,062,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ballast Advisors LLC lifted its holdings in shares of Netflix by 3.2% during the 2nd quarter. Ballast Advisors LLC now owns 619 shares of the Internet television network’s stock valued at $829,000 after purchasing an additional 19 shares during the last quarter. University of Texas Texas AM Investment Management Co. raised its stake in Netflix by 18.8% in the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 8,839 shares of the Internet television network’s stock worth $11,837,000 after acquiring an additional 1,401 shares during the last quarter. Conservest Capital Advisors Inc. raised its stake in Netflix by 6.7% in the 2nd quarter. Conservest Capital Advisors Inc. now owns 239 shares of the Internet television network’s stock worth $320,000 after acquiring an additional 15 shares during the last quarter. Strait & Sound Wealth Management LLC purchased a new position in Netflix in the 2nd quarter worth $233,000. Finally, Whipplewood Advisors LLC raised its stake in Netflix by 1.9% in the 2nd quarter. Whipplewood Advisors LLC now owns 525 shares of the Internet television network’s stock worth $703,000 after acquiring an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity

In other news, CFO Spencer Adam Neumann sold 2,600 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the sale, the chief financial officer directly owned 3,691 shares in the company, valued at $4,327,734.41. This trade represents a 41.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Reed Hastings sold 42,176 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the sale, the director owned 394 shares in the company, valued at $461,736.48. This trade represents a 99.07% 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 Performance

NASDAQ NFLX opened at $1,094.69 on Friday. The stock has a 50-day simple moving average of $1,207.21 and a two-hundred day simple moving average of $1,187.47. The firm has a market capitalization of $463.85 billion, a P/E ratio of 45.73, a PEG ratio of 1.89 and a beta of 1.59. Netflix, Inc. has a fifty-two week low of $747.77 and a fifty-two week high of $1,341.15. 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 released its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). Netflix had a net margin of 24.05% and a return on equity of 41.86%. The company had revenue of $11.51 billion for the quarter, compared to analysts’ expectations of $11.52 billion. During the same quarter in the previous year, the business posted $5.40 EPS. The business’s quarterly 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. On average, equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Netflix from $1,300.00 to $1,275.00 and set a “neutral” rating for the company in a research note on Wednesday. Piper Sandler restated an “overweight” rating and issued a $1,400.00 target price (down previously from $1,500.00) on shares of Netflix in a research note on Wednesday. BMO Capital Markets restated an “outperform” rating and issued a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Weiss Ratings restated a “buy (b)” rating on shares of Netflix in a research note on Saturday. Finally, Loop Capital upgraded Netflix from a “hold” rating to a “buy” rating and raised their target price for the stock from $1,150.00 to $1,350.00 in a research note on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.